Lightspeed Commerce (TSE:LSPD) Stock Price Down 4.9% – What’s Next?

Lightspeed Commerce Inc. (TSE:LSPD)’s stock price traded down 4.9% during trading on Tuesday . The stock traded as low as C$15.22 and last traded at C$15.23. 1,083,553 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 763,069 shares. The stock had previously closed at C$16.02.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday, November 7th. TD Securities lifted their price target on Lightspeed Commerce from C$13.00 to C$15.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group dropped their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$19.14.

Lightspeed Commerce Stock Down 4.9%

The firm has a 50-day moving average of C$16.34 and a two-hundred day moving average of C$16.67. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The company has a market capitalization of C$2.07 billion, a PE ratio of -3.38 and a beta of 2.56.

Lightspeed Commerce (TSE:LSPD) last posted its earnings results on Thursday, November 6th. The company reported C$0.16 EPS for the quarter. The company had revenue of C$444.13 million for the quarter. Lightspeed Commerce had a negative return on equity of 5.25% and a negative net margin of 11.75%. Equities research analysts predict that Lightspeed Commerce Inc. will post 0.5970516 earnings per share for the current fiscal year.

About Lightspeed Commerce

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries. It derives a majority of its revenue from the United States.