Is Lightspeed Commerce Inc (LSPD) Stock a Good Buy for Short-term Investors?

At the time of writing, Lightspeed Commerce Inc [LSPD] stock is trading at $16.76, up 2.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LSPD shares have gain 21.36% over the last week, with a monthly amount glided 33.44%, 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.

For the past year, the stock price of Lightspeed Commerce Inc fluctuated between $11.01 and $21.71. Currently, Wall Street analysts expect the stock to reach $29.27 within the next 12 months. Lightspeed Commerce Inc [NYSE: LSPD] shares were valued at $16.76 at the most recent close of the market. An investor can expect a potential return of 74.64% based on the average LSPD price forecast.

Analyzing the LSPD fundamentals

According to Lightspeed Commerce Inc [NYSE:LSPD], the company’s sales were 966.28M for trailing twelve months, which represents an 27.26% jump. 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 16.43 points at the first support level, and at 16.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.99, and for the 2nd resistance point, it is at 17.21.

Ratios To Look Out For

It is important to note that Lightspeed Commerce Inc [NYSE:LSPD] has a current ratio of 6.09. Also, the Quick Ratio is 5.96, while the Cash Ratio stands at 4.79. Considering the valuation of this stock, the price to sales ratio is 2.63, the price to book ratio is 1.08.