12/29/2023 0 Comments Lightspeed stock priceI added 3K shares thus morning as the possibility if an earnings and revenue surprise increased this morning with Shopify's decent quarterly results. how much will Lightspeed's stock appreciate? considering how far it has come off its 52 week highs, any favourable Q3 revenue and earnings result could proof to be very, very nice to Lightspeed's share price. If Lightspeed beats the lowered Q3 forecasts, could we see a nice bump up in Lightspeed's stock price? Shopify has been up close to 15% all morning today as a result of their beat. Shopify's Q3 results were better than forecasted and the market LOVES IT. Market Cap 2,733.25M Shares Out 149.37M 10 Day Average Volume 1.18M Dividend - Dividend Yield - Beta 2.99 YTD Change -53.29 RATIOS/PROFITABILITY EPS (TTM) -2.98 P/E (TTM) -8.00 Fwd P/E (NTM) -. Get the latest Lightspeed Commerce Inc (LTS:0A8V) stock price, GURU trades, performance, financial stability, valuations, and filing info from GuruFocus. The thinking was revenues had a chance to be strong once again this year and therefore were not factored into the recent analyst forecasts for Shopify and Lightspeed's Q3 results. What will drive Lightspeed stock price in 2021 To understand the catapult effect, let’s go back to September 2020, when Lightspeed started trading on the New York Stock Exchange, raising US397.7 million in an initial public offering (IPO). According to 12 Wall Street analyst s that have issued a 1 year LSPD price target, the average LSPD price target is 48.25, with the highest LSPD stock price forecast at 103. Recently, there was indications Q3 results for both companies could beat lowered expectations. The pullback acts like a catapult and drives the stock price momentum. ![]() Lightspeed currently has 700 employees spread across eight locations in Canada, the U.S., Europe and Australia, and has customers in 100 countries around the world.Nice quarterly beat by Shopify could be a very nice pre- cursor to Lightspeed's upcoming reported results. Do you own or manage a golf course Provide an exceptional golfing experience through industry-leading technology. "We are very proud to welcome a leading-edge technology company and homegrown Canadian innovation story to our market," TSX's president of capital formation, Loui Anastasopoulos, said in a release.ĭespite going public, the company's dual-share voting structure means that controlling interest in the company will remain with company insiders, including CEO and founder Dax Dasilva. raised about half that much in its 2015 IPO, and that company has since grown to be worth $27 billion. That officially makes the company what's known as a unicorn in start-up circles - a valuation of $1 billion before going public.Īt $240 million, the launch officially makes Lightspeed one of the 10 biggest technology IPOs in the history of the Toronto Stock Exchange. The IPO has sold off just under one fifth of the company for $240 million, giving the company a total value of $1.4 billion. On average, they anticipate the companys stock price to reach C59.29 in the next year. That's because the offering was more popular than anticipated, so they were able to raise their price. Their LSPD share price forecasts range from C30.00 to C128.00. The $16 IPO price is higher than the range of $13 to $15 the company had given as an expected range when it announced its plans to go public last month. ![]() The shares were trading at just over $20 each near midday, with more than 5 million shares changing hands, and closing at $18.90. With analysts defining 20.91-65.00 as the low and high price targets, we arrive at a consensus price target of 36.07 for the trailing 12-month period. Friday is the first day the general public can buy the shares on the stock market, and they are eagerly bidding them up in early trading. Is Lightspeed Commerce stock a buy or sell 100 free analysis on LSPD, no signups required. (NYSE:LSPD)’s beta value is currently sitting at 2.96, while the Average True Range indicator is currently displaying 1.37. It raised $240 million in an initial public offering on Thursday, selling 15 million shares for $16 each. The one-stop commerce platform for retail, hospitality and golf merchants around the world to simplify, scale and provide exceptional customer experiences. NuORDER is changing how brands and retailers collaborate to shop in-season and upcoming collections, access real-time product data and visually plan. The stock traded as low as 17.82 and last traded at 17.88.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |