How to buy Lyft shares | $28.05
Own Lyft shares in just a few minutes.
Lyft, Inc is a software—application business with stocks listed in the US. Lyft shares (LYFT) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was US$28.05 – a decrease of 0.92% over the previous week.
How to buy shares in Lyft
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Lyft. Find the share by name or ticker symbol: LYFT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Lyft reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$28.05, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Lyft, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Lyft. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Lyft share priceUse our graph to track the performance of LYFT stocks over time.
Lyft shares at a glance
|Latest market close||USD$28.05|
|52-week range||USD$14.5617 - USD$54.5|
|50-day moving average||USD$29.5206|
|200-day moving average||USD$30.087|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-7.454|
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Is it a good time to buy Lyft stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Lyft price performance over time
|1 week (2020-09-23)||4.00%|
|1 month (2020-08-28)||-8.84%|
|3 months (2020-06-30)||-15.03%|
|6 months (2020-03-30)||4.20%|
|1 year (2019-09-30)||-31.32%|
|2 years (2018-09-26)||N/A|
|3 years (2017-09-26)||N/A|
|5 years (2015-09-26)||N/A|
Is Lyft under- or over-valued?
Valuing Lyft stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Lyft's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Lyft's P/E ratio
Lyft's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Lyft shares trade at around 1x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||US$3.3 billion|
|Gross profit TTM||US$1.4 billion|
|Return on assets TTM||-20.47%|
|Return on equity TTM||-59.38%|
|Market capitalisation||US$8.4 billion|
TTM: trailing 12 months
Shorting Lyft shares
There are currently 22.8 million Lyft shares held short by investors – that's known as Lyft's "short interest". This figure is 4.2% down from 23.8 million last month.
There are a few different ways that this level of interest in shorting Lyft shares can be evaluated.
Lyft's "short interest ratio" (SIR)
Lyft's "short interest ratio" (SIR) is the quantity of Lyft shares currently shorted divided by the average quantity of Lyft shares traded daily (recently around 11.0 million). Lyft's SIR currently stands at 2.08. In other words for every 100,000 Lyft shares traded daily on the market, roughly 2080 shares are currently held short.
However Lyft's short interest can also be evaluated against the total number of Lyft shares, or, against the total number of tradable Lyft shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Lyft's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Lyft shares in existence, roughly 70 shares are currently held short) or 0.114% of the tradable shares (for every 100,000 tradable Lyft shares, roughly 114 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Lyft.
Find out more about how you can short Lyft stock.
Lyft share dividends
We're not expecting Lyft to pay a dividend over the next 12 months.
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company offers riders, personalized and on-demand access to various transportation options. It provides Ridesharing Marketplace, which enable drivers to provide their transportation services to riders. The company also offers a network of shared bikes and scooters in various cities to address the needs of riders for shorter routes; Express Drive program, a flexible car rentals program that connects drivers who need access to a car with third-party rental car companies; and concierge for organizations to manage the transportation needs of their customers and employees. In addition, it integrates third-party public transit data into the Lyft app to offer riders various transportation options; offers various enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home, and shuttle replacement rides; and provides transportation solutions that can be customized for events, such as recruiting events, conferences, celebrations, meetings, and company retreats. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
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