Lightspeed Commerce (TSE:LSPD) Reaches New 12-Month Low – Time to Sell?

Lightspeed Commerce Inc. (TSE:LSPD) hit a new 52-week low during trading on Friday . The stock traded as low as C$10.80 and last traded at C$11.53, with a volume of 2173365 shares traded. The stock had previously closed at C$12.35.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LSPD. Royal Bank Of Canada decreased their price target on shares of Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. BTIG Research dropped their price objective on shares of Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating for the company in a report on Friday, February 6th. Barclays reduced their target price on Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. Stifel Nicolaus lowered their price target on Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Finally, TD Securities dropped their price target on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$16.45.

Lightspeed Commerce Stock Down 6.6%

The company has a current ratio of 4.40, a quick ratio of 6.05 and a debt-to-equity ratio of 2.33. The stock has a 50 day simple moving average of C$12.47 and a 200 day simple moving average of C$14.30. The firm has a market capitalization of C$1.58 billion, a PE ratio of -2.52 and a beta of 1.70.

Lightspeed Commerce (TSE:LSPD) last posted its earnings results on Thursday, May 21st. The company reported C($0.31) earnings per share for the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%.The firm had revenue of C$420.90 million for the quarter. As a group, sell-side analysts forecast that Lightspeed Commerce Inc. will post 0.5970516 earnings per share for the current year.

About Lightspeed Commerce

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network.