Lightspeed Commerce (TSE:LSPD) Stock Price Up 0.8% - What's Next?

Key Points

• Lightspeed Commerce's stock price increased by 0.8% to C$17.00, with approximately 366,472 shares traded, marking a 39% decline from its average daily volume.
• Analysts have raised their price targets for Lightspeed Commerce, with ATB Capital now at C$18.00, Raymond James at C$23.00, and Cormark at C$25.00, while the current average target price stands at C$18.60.
• The company, which operates an omni-channel commerce-enabling SaaS platform, has a market capitalization of C$2.30 billion and its stock has a PE ratio of -3.81.

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report)'s stock price rose 0.8% during mid-day trading on Tuesday . The stock traded as high as C$17.05 and last traded at C$17.00. Approximately 366,472 shares traded hands during trading, a decline of 39% from the average daily volume of 604,346 shares. The stock had previously closed at C$16.87.

Analyst Upgrades and Downgrades

LSPD has been the subject of several research analyst reports. ATB Capital increased their target price on Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Raymond James Financial increased their price target on Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Cormark increased their price target on Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell 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$18.60.

Lightspeed Commerce Price Performance

The stock has a fifty day moving average price of C$16.95 and a 200-day moving average price of C$15.36. The firm has a market capitalization of C$2.30 billion, a PE ratio of -3.81 and a beta of 2.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10.

About Lightspeed Commerce

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.