Lightspeed Commerce Inc. (NYSE: LSPD) stock fell -2.68% on Tuesday to $17.10 against a previous-day closing price of $17.57. With 1.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.2 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $17.74 whereas the lowest price it dropped to was $17.00. The 52-week range on LSPD shows that it touched its highest point at $35.50 and its lowest point at $12.71 during that stretch. Beta for the stock currently stands at 2.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LSPD was up-trending over the past week, with a rise of 3.01%, but this was up by 23.02% over a month. Three-month performance dropped to -5.26% while six-month performance fell -10.42%. The stock lost -42.98% in the past year, while it has gained 19.58% so far this year. A look at the trailing 12-month EPS for LSPD yields -3.26 with Next year EPS estimates of -0.00. For the next quarter, that number is -0.05. This implies an EPS growth rate of -72.50% for this year and 96.30% for next year.
Float and Shares Shorts:
At present, 149.69 million LSPD shares are outstanding with a float of 135.34 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.43 million, which was 3.65% higher than short shares on Sep 14, 2022. In addition to Mr. Dax Dasilva as the firm’s Founder & Exec. Chairman, Mr. Jean-Paul Chauvet serves as its CEO & Corp. Director.
Through their ownership of 59.21% of LSPD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of LSPD, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 16.15% stake in LSPD, the Caisse de Dépôt & Placement du Qu is the largest stakeholder. A total of 24,290,592 shares are owned by the mutual fund manager. The Fidelity Canadian Opportunities F, which owns about 1.80% of LSPD stock, is the second-largest Mutual Fund holder. It holds 2,700,000 shares valued at 38.61 million. Vanguard Total International Stoc holds 1.20% of the stake in LSPD, owning 1,806,071 shares worth 25.83 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LSPD since 22 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LSPD analysts setting a high price target of $44.69 and a low target of $11.92, the average target price over the next 12 months is $25.04. Based on these targets, LSPD could surge 161.35% to reach the target high and fall by -30.29% to reach the target low. Reaching the average price target will result in a growth of 46.43% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LSPD will report FY 2023 earnings on 05/18/2023. Analysts have provided yearly estimates in a range of -$0.21 being high and -$0.40 being low. For LSPD, this leads to a yearly average estimate of -$0.27. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Lightspeed Commerce Inc. surprised analysts by $0.02 when it reported -$0.05 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.05.