Lightspeed Commerce Inc. (NYSE:LSPD) currently has a daily average trading volume of 934.68K but it saw 1528348 shares traded on Thursday. With a market cap of 2.51B USD, stock’s current market price of $12.64 came falling about -4.02 while comparing to the previous closing price of $13.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.35 and as low as $12.52. In the recent trading on the day, stock has struck highest price mark of $13.345 while lowest mark touched by it was $12.64.
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Taking a look at 20-day trading activity of Lightspeed Commerce Inc. (LSPD) gives us an average price of $13.72, while its current price level is -55.41% below from 52-week high level whereas it is 0.96% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.04 while that of 200 days or SMA-200 reads an average of $16.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.46% during that period while stretching the period over a month that decreases to 4.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.98 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $15.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $37.01. Average price target assigned by them is $19.92 which highlights an upside potential of 36.55% for the stock over that period. And to attain the median price target of $18.50 assigned by those analysts, stock has to add about 31.68% of value to its current levels.
Over the week, LSPD’s stock price is moving -2.77% down while it is 0.16% when we observe its performance for the past one month. Year-to-date it is -11.61% down and over the past year, the stock is showing a downside performance of -41.24%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0 beat the consensus estimate of -$0.03 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of -$0.04 while estimate for next year EPS is $0.06. For LSPD, analysts are forecasting an EPS-growth rate of 135.30% for current year and estimate for EPS growth in next year is 383.30%. In next quarter, company is expected to be making quarterly sales of $213.34 million as analysts are expecting the sales for current fiscal year at $888.85 million and seeing the company making $1.16 billion in sales next year. Moreover, analysts are in estimates of $197.33 million for current-quarter revenue.
Currently, Lightspeed Commerce Inc.’s total number of outstanding shares is 151.76M. Company’s return on investment (ROI) stands at -43.40% and return on equity (ROE) at -36.60%. It has a 48.99 of forward P/E ratio. Stock’s beta reads 2.70. Stock has a price to book (P/B) ratio of 0.57 while price to sale or P/S ratio amounts to 2.54. Its return on asset (ROA) is -34.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Caisse de dépôt et placement du Q came shrinking its share ownership by -0.16% in the Lightspeed Commerce Inc. (LSPD) decreasing its stake to 16.15% with control over 40099.0 shares in the company. As per SEC documents, Caisse de dépôt et placement du Q sought 24,290,592 of company’s common stock of worth $318.94 million as per recent closing price of the stock. Caisse de dépôt et placement du Q is not the only institutional holder which restructured its stake in Lightspeed Commerce Inc., as Fidelity Canadian Opportunities F picked 7,300,000 shares of worth $95.85 million to bring its holdings to a total of 0.5 million shares. In the most recent quarter, Artisan International Small-Mid F came rising its stake by 32.14% in the company and now holds 2.68 million or 1.78% of the company’s stake having worth of about 35.19 million.
