Lightspeed Commerce Inc (NYSE:LSPD) price on current trading day, fall -8.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.81.
A look at the stock’s price movement, the level at last check in today’s session was $10.77. Turning to its 52-week performance, $18.96 and $7.34 were the 52-week high and 52-week low respectively. Overall, LSPD moved -0.31% over the past month.
Lightspeed Commerce Inc’s market cap currently stands at around $1.35 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 284.48M for the company’s revenue for the quarter, with a low and high estimate of 268.6M and 302.82M respectively. The average forecast suggests up to a 6.91% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.19B, representing a 10.07% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LSPD is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 4 recommend LSPD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LSPD’s current price about -4.21% and 0.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.62, while 7-day volatility ratio is 2.68% and 2.86% in the 30-day chart. Further, Lightspeed Commerce Inc (LSPD) has a beta value of 2.55, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $11 and high of $20. Looking at the price targets, the low is -12.13% off recent price level in today’s trading while to achieve the yearly target high, it has to move -103.87%. Nonetheless, investors will most likely welcome a -22.32% jump to $12 which is the analysts’ median price.
If we refocus on Lightspeed Commerce Inc (NYSE:LSPD), historical trading data shows that trading volumes averaged 1.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 152.97 million shares.
The 9.93% of Lightspeed Commerce Inc’s shares are in the hands of company insiders while institutional holders own 65.13% of the company’s shares. Current price change has pushed the stock -35.59% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LSPD stock continues to rise going into the next quarter.
