While Lightspeed Commerce Inc has underperformed by -0.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LSPD fell by -20.29%, with highs and lows ranging from $21.71 to $11.01, whereas the simple moving average fell by -15.03% in the last 200 days.
On May 15, 2024, Jefferies started tracking Lightspeed Commerce Inc (NYSE: LSPD) recommending Hold. A report published by TD Securities on February 09, 2024, Downgraded its rating to ‘Hold’ for LSPD. BTIG Research also reiterated LSPD shares as ‘Buy’, quoting a target price of $24 on the company’s shares in a report dated December 28, 2023. Redburn Atlantic initiated its ‘Neutral’ rating for LSPD, as published in its report on December 06, 2023. Wells Fargo’s report from October 31, 2023 suggests a price prediction of $14 for LSPD shares, giving the stock a ‘Equal Weight’ rating. UBS also rated the stock as ‘Neutral’.
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Analysis of Lightspeed Commerce Inc (LSPD)
Further, the quarter-over-quarter increase in sales is 27.26%, showing a positive trend in the upcoming months.
One of the most important indicators of Lightspeed Commerce Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -6.23% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.96, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and LSPD is recording 828.48K average volume. On a monthly basis, the volatility of the stock is set at 2.78%, whereas on a weekly basis, it is put at 4.19%, with a loss of -0.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.10, showing growth from the present price of $12.61, which can serve as yet another indication of whether LSPD is worth investing in or should be passed over.
How Do You Analyze Lightspeed Commerce Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.99%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 60.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LSPD shares are owned by institutional investors to the tune of 60.71% at present.
