How to buy Lyft shares

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$57.4 – an increase of 0.54% over the previous week. Here's how to invest if you're based in Australia.

How to buy shares in Lyft

1. 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.
2. 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.
3. 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.
4. 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.
5. Decide on how many to buy. At last close price of US$57.4, 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.
6. 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.

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Lyft share price

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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.

Shorting Lyft shares

There are currently 27.6 million Lyft shares held short by investors – that's known as Lyft's "short interest". This figure is 5.4% up from 26.2 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 10.2 million). Lyft's SIR currently stands at 2.72. In other words for every 100,000 Lyft shares traded daily on the market, roughly 2720 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 0.08% of the outstanding shares (for every 100,000 Lyft shares in existence, roughly 80 shares are currently held short) or 0.0994% of the tradable shares (for every 100,000 tradable Lyft shares, roughly 99 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 share price volatility

Over the last 12 months, Lyft's shares have ranged in value from as little as US$21.91 up to US$68.28. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Lyft's is 2.3037. This would suggest that Lyft's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Lyft overview

Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers autonomous vehicles; concierge for organizations; Lyft Pass that allows organizations to create custom transportation programs; 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 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.

Frequently asked questions

• What percentage of Lyft is owned by insiders or institutions?

  Currently 12.949% of Lyft shares are held by insiders and 85.012% by institutions.

• When does the fiscal year end for Lyft?

  Lyft's fiscal year ends in December.

• Where is Lyft based?

  Lyft's address is: 185 Berry Street, San Francisco, CA, United States, 94107

• What is Lyft's ISIN number?

  Lyft's international securities identification number is: US55087P1049

• What is Lyft's CUSIP number?

  Lyft's Committee on Uniform Securities Identification Procedures number is: 55087P104