![]() Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Lightspeed POS Inc. Got $100? Add to These 2 Stocks Right Now Retirees: 2 Top Dividend Stocks to Buy for Passive Incomeģ Incredibly Undervalued TSX Stocks to Buy Right Now We’ve taken the exact same detailed analysis that we’ve used to find world-beating stocks like Amazon, Netflix, and Shopify to find what we believe will be the ONE cryptocurrency to rise above more than 4,000 cryptocurrencies.ĭon’t miss out on what could be a once-in-a-generation investing opportunity. The Motley Fool’s First-Ever Cryptocurrency Buy Alertįor the first time ever, The Motley Fool has issued an official BUY alert on a cryptocurrency. The post Is Lightspeed (TSX:LSPD) Stock Headed to $50 Per Share? appeared first on The Motley Fool Canada. That’s why long-term investors may want to consider buying it right now and add more shares if it falls further in the short term. These factors could trigger a sharp recovery in LSPD stock in the coming months. While its short-term sales guidance might be slightly lower than Street’s estimates, its solid long-term growth prospects remain intact. On the fundamental side, Lightspeed’s operating metrics continue to showcase strength. During its Q3 earnings conference call, its CEO Dax Dasilva reiterated that the report “…was misleading and clearly intended to benefit the author.” He added that “Lightspeed has made a genuine and consistent effort to establish a trusted and transparent relationship with the investor community.” And none of them have claimed to have found any evidence against Lightspeed so far. In fact, several law firms started investigating the allegations made in the short report. Lightspeed’s management has on several occasions denied allegations made in the recent short report. But does it really deserve to drop to $50 per share? The answer to that question is a clear no, in my opinion. Could LSPD stock fall to $50 per share?Ĭould LSPD stock fall to $50 per share on the TSX in the coming months? The way it has consistently been falling lately, the possibility of it dropping to $50 per share can’t be denied completely. ![]() This revenue guidance range was slightly lower compared to Street analysts’ expectations at the time, which explains why Lightspeed stock slid sharply after its latest earnings event. The management expects its third-quarter revenue to be in the range of US$140 million and US$145 million. ![]() Similarly, its adjusted net loss of US$0.08 per share for the quarter stood 12% lower than the estimates.ĭespite its consistently strengthening sales and narrower-than-expected losses, the company’s disappointing Q3 sales guidance hurt investors’ confidence. In the second quarter of its fiscal year 2022, Lightspeed’s revenue more than doubled from a year ago to US$133.2 million, beating analysts’ expectations by nearly 8%. While its shares staged a good recovery in the weeks ahead of its September quarter earnings event, they fell again sharply after the earnings event. However, a New York-based short-seller’s critical report about the company’s management took a big toll on investors’ sentiments in September, driving a massive selloff in LSPD stock. While the stock rose by 149% last year, it was trading with solid 56% year-to-date gains at the end of August 2021. Lightspeed stock has been one of the top-performing Canadian stocks since its listing on the TSX in 2019. Let’s take a closer look at what could be driving these massive losses in Lightspeed stock lately and explore whether these negative factors could drive it down towards $50-per-share levels. With this, it’s currently trading at $87.40 per share - down about 45% from its mid-September price levels near $158 per share. After diving by 25% in the first week of November, LSPD stock extended its losses by another 4% last week. : Delayed Quote, intraday chart, variations, volumes, technical indicators and last transactions, share LIGHTSPEED COMMERCE INC. Lightspeed Commerce (TSX:LSPD) (NYSE:LSPD) stock is continuing to tank for the third consecutive month. Written by Jitendra Parashar at The Motley Fool Canada will continue to transform global commerce through its technology, igniting the ambitions of its customers through constant innovation in a rapidly-changing global economy.Various Canadian dollars in gray pants pocket The Company may be a leader in its industry, but it is just getting started. The Company's mission is to empower these businesses, helping them engage with consumers, manage operations, accept payments and generate growth. is a leading provider of software, solutions and support systems to the small and medium size retailers and restaurateurs that are at the heart of its communities. Security name Lightspeed Commerce Inc (Sub Voting).
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