Lightspeed Commerce (TSE:LSPD) Reaches New 12-Month Low – Time to Sell?

Lightspeed Commerce Inc. (TSE:LSPD) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$10.80 and last traded at C$11.53, with a volume of 2173365 shares. The stock had previously closed at C$12.35.

Analysts Set New Price Targets

A number of brokerages have recently commented on LSPD. TD Securities dropped their price target on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Barclays lowered their price objective on Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, February 6th. BTIG Research cut their target price on Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Stifel Nicolaus reduced their price target on Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating for the company in a report on Friday, February 6th. Finally, Royal Bank Of Canada lowered their price target on Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$16.45.

Lightspeed Commerce Trading Down 6.6%

The company has a current ratio of 4.40, a quick ratio of 6.05 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of C$1.58 billion, a PE ratio of -2.52 and a beta of 1.70. The stock has a 50 day moving average price of C$12.47 and a 200-day moving average price of C$14.30.

Lightspeed Commerce (TSE:LSPD) last released its quarterly earnings results on Thursday, May 21st. The company reported C($0.31) earnings per share for the quarter. The business had revenue of C$420.90 million during the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%. Sell-side analysts expect that Lightspeed Commerce Inc. will post 0.5970516 earnings per share for the current year.

About Lightspeed Commerce

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network.