Set Your Sights On Lightspeed Commerce Inc (NYSE: LSPD)’S Upside Potential

Lightspeed Commerce Inc (LSPD) concluded trading on Thursday at a closing price of $14.80, with 9.04 million shares of worth about $133.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.43% during that period and on Thursday the price saw a loss of about -24.37%. Currently the company’s common shares owned by public are about 151.17M shares, out of which, 136.09M shares are available for trading.

However, the stock later moved at a day high price of 17.65, or with a loss of -24.37%. Stock saw a price change of -20.09% in past 5 days and over the past one month there was a price change of -22.23%. Year-to-date (YTD), LSPD shares are showing a performance of -29.49% which decreased to -16.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.23 but also hit the highest price of $21.71 during that period. The average intraday trading volume for Lightspeed Commerce Inc shares is 961.30K. The stock is currently trading -21.24% below its 20-day simple moving average (SMA20), while that difference is down -19.71% for SMA50 and it goes to -7.46% lower than SMA200.

Lightspeed Commerce Inc (NYSE: LSPD) currently have 151.17M outstanding shares and institutions hold larger chunk of about 59.94% of that.

The stock has a current market capitalization of $2.26B and its 3Y-monthly beta is at 2.74. It has posted earnings per share of -$1.35 in the same period. It has Quick Ratio of 5.99 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LSPD, volatility over the week remained 7.30% while standing at 4.36% over the month.

Analysts are in expectations that Lightspeed Commerce Inc (LSPD) stock would likely to be making an EPS of $0.05 in the current quarter, while forecast for next quarter EPS is $0.07 and it is $0.4 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 187.48% while it is estimated to increase by 122.84% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on December 28, 2023 offering a Buy rating for the stock and assigned a target price range of between $20 and $24 to it.

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