Lightspeed Commerce (TSE:LSPD) Stock Price Down 0.5% – What’s Next?

Shares of Lightspeed Commerce Inc. (TSE:LSPD) traded down 0.5% during trading on Friday . The stock traded as low as C$16.51 and last traded at C$16.71. 229,266 shares were traded during trading, a decline of 61% from the average session volume of 586,455 shares. The stock had previously closed at C$16.80.

Analyst Ratings Changes

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

Lightspeed Commerce Trading Down 0.5%

The firm’s 50 day moving average is C$16.57 and its 200 day moving average is C$16.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The company has a market capitalization of C$2.27 billion, a PE ratio of -3.71 and a beta of 2.52.

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