While Lightspeed Commerce Inc has overperformed by 5.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LSPD fell by -5.27%, with highs and lows ranging from $21.71 to $11.01, whereas the simple moving average fell by -4.96% in the last 200 days.
On September 17, 2024, The Benchmark Company started tracking Lightspeed Commerce Inc (NYSE: LSPD) recommending Buy. A report published by Jefferies on May 15, 2024, Initiated its previous ‘Hold’ rating for LSPD. BTIG Research Reiterated the rating as Buy on December 28, 2023, but set its price target from $20 to $24. JP Morgan December 18, 2023d its ‘Underweight’ rating to ‘Neutral’ for LSPD, as published in its report on December 18, 2023. Redburn Atlantic’s report from December 06, 2023 suggests a price prediction of $17 for LSPD shares, giving the stock a ‘Neutral’ rating. Wells Fargo also rated the stock as ‘Equal Weight’.
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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.
Lightspeed Commerce Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and LSPD has an average volume of 801.93K. On a monthly basis, the volatility of the stock is set at 2.95%, whereas on a weekly basis, it is put at 2.99%, with a gain of 11.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.19, showing growth from the present price of $14.02, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 10.00%. 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 60.70% 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 60.70% at present.
