Are Lightspeed Commerce Inc (LSPD) stocks a prudent buy?

Lightspeed Commerce Inc [LSPD] stock is trading at $13.81, down -1.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The LSPD shares have gain 9.43% over the last week, with a monthly amount glided 3.83%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Lightspeed Commerce Inc [NYSE: LSPD] stock has seen the most recent analyst activity on September 17, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $20. Previously, Jefferies started tracking the stock with Hold rating on May 15, 2024, and set its price target to $14. On February 09, 2024, downgrade downgraded it’s rating to Hold. BTIG Research reiterated its Buy rating and increased its price target to $24 on December 28, 2023. JP Morgan upgraded its rating to a Neutral but $19 remained the price target by the analyst firm on December 18, 2023. Redburn Atlantic started tracking with a Neutral rating for this stock on December 06, 2023, and assigned it a price target of $17. In a note dated October 31, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $14 on this stock.

Lightspeed Commerce Inc [LSPD] stock has fluctuated between $11.01 and $21.71 over the past year. Currently, Wall Street analysts expect the stock to reach $29.91 within the next 12 months. Lightspeed Commerce Inc [NYSE: LSPD] shares were valued at $13.81 at the most recent close of the market. An investor can expect a potential return of 116.58% based on the average LSPD price forecast.

Analyzing the LSPD fundamentals

Lightspeed Commerce Inc [NYSE:LSPD] reported sales of 966.28M for the trailing twelve months, which represents a growth of 27.26%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.06 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.65 points at the first support level, and at 13.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.99, and for the 2nd resistance point, it is at 14.18.

Ratios To Look Out For

For context, Lightspeed Commerce Inc’s Current Ratio is 6.09. On the other hand, the Quick Ratio is 5.96, and the Cash Ratio is 4.79. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 0.89.

Transactions by insiders

Recent insider trading involved Srinivasan Kady, Officer, that happened on Sep 09 ’24 when 3378.0 shares were purchased.

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