The stock of Lightspeed Commerce Inc. (NYSE:LSPD) decreased by -$0.14 on Friday to finish at $15.86, down -0.88 percent. The last five days have seen an average of 961,900 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $1.56. The average number of shares traded over the last 20 days was 842,585, while the average volume over the last 50 days totaled 979,286.
LSPD stock dropped -14.04% since last month. On 08/03/23, the company’s shares reached a one-month low of $15.61. The stock touched a high of $25.34 on 02/02/23, after rallying from a low of $12.45 in 52 weeks. The price of LSPD stock has risen by 10.91% or $1.56 this year, reaching a new high 13 times. Still, the stock price is down -37.41% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.17, the price-to-book (PB) ratio of 0.73.
Financial Health
For the three months ended June 29, Lightspeed Commerce Inc.’s quick ratio was 6.50, while its current ratio was 6.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.01. As far as profitability goes, gross margin for the trailing twelve months is 44.60% percent. Based on annual data, it had gross profit of $331.96 million and revenue of $730.51 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LSPD’s return on assets (ROA) during the last 12 months has been -35.50%. There was a -43.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -37.70%.
Earnings Surprise
According to Lightspeed Commerce Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $730.51 million, while revenues rose by 100.0% to $0.0. It was predicted that Lightspeed Commerce Inc.’s quarterly earnings would be -$0.01, but it ended up being -$0.03, beating the consensus by 66.70%. EBITDA was -$30.05 million for the quarter. At the end of Lightspeed Commerce Inc.’s most recent quarter ended June 29, its liabilities totaled 158.24 million, while its total debt was $24.46 million.
Technical Picture
Here’s a quick look at Lightspeed Commerce Inc.’s (LSPD) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 34.86%, suggesting the stock is Neutral, with a 60.74% historical volatility rate.
The stochastic %K and %D were 23.77% and 39.68% respectively, while the average true range (ATR) was 0.77. Based on the 14-day stochastic reading of 10.25%, the RSI (14) reading is 40.84%. On the 9-day MACD Oscillator, the stock is at -0.70, and the 14-day reading is at -0.80.
Analyst Ratings
Analysts have assigned Lightspeed Commerce Inc. (LSPD) an Overweight rating. LSPD is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 11 others recommend it as a buy.
What is LSPD’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $32.17, with a median target price of $20.60. In analyzing these forecasts, the average price target given by analysts for Lightspeed Commerce Inc. (LSPD) is $21.43.
