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Lightspeed POS stock hits 52-week low at $11.25 amid market challenges

Published 05/08/2024, 14:54
Updated 05/08/2024, 15:22
LSPD
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In a challenging market environment, Lightspeed POS Inc. (NYSE: NYSE:LSPD) stock has tumbled to a 52-week low, touching $11.25. The company, known for providing point-of-sale and e-commerce software, has faced a tough year, with its stock price reflecting a significant downturn of -33.07% over the past year. Investors have shown concern as Lightspeed navigates through a period of economic uncertainty, which has seen many tech stocks retreat from their previous highs. The current price level represents a critical juncture for the company as it strives to regain its footing and reassure shareholders of its long-term growth potential.

In other recent news, Lightspeed Commerce has seen impressive financial results in Q1 of Fiscal 2025, with a 27% year-on-year increase in revenue to $266.1 million, exceeding projections. The company also reported a positive adjusted EBITDA of $10.2 million, a significant improvement from the $7 million loss in the same period last year. Analyst firm Piper Sandler recently adjusted its outlook on Lightspeed, reducing the price target but maintaining a neutral rating.

The company's focus on Unified Payments over the past year has resulted in a significant increase in Gross Payment Volume (GPV) penetration, rising from approximately 20% of Gross Transaction Volume (GTV) to 36%. Lightspeed is now shifting its attention back to growing its subscription base, planning a renewed outbound sales strategy, and implementing some price increases.

In addition to these developments, Lightspeed has been making strategic adjustments to address investor expectations, such as focusing on profitability, engaging in share repurchases with its $675 million in net cash, and aiming to resume double-digit subscription growth. These recent developments highlight Lightspeed's commitment to growth and profitability.

InvestingPro Insights

In the wake of Lightspeed POS Inc.'s recent stock performance, investors looking for a deeper understanding of the company's financial health may find the following InvestingPro Insights valuable. The company holds more cash than debt on its balance sheet, which is a positive sign of financial stability. Additionally, a noteworthy number of analysts have revised their earnings upwards for the upcoming period, indicating potential optimism about the company's future performance.

The real-time data from InvestingPro shows a market capitalization of $1.81 billion, underscoring the company's substantial size in its sector. Despite the company's non-profitability over the last twelve months, analysts predict that Lightspeed will turn profitable this year. The stock's price-to-book ratio stands at a modest 0.77 as of Q1 2025, suggesting that the stock may be undervalued relative to its assets.

For those considering whether to take a position in Lightspeed, it's worth noting that the stock is currently trading near its 52-week low and the RSI suggests it is in oversold territory—factors that might interest bargain hunters or contrarian investors. For more InvestingPro Tips, members can access additional insights at https://www.investing.com/pro/LSPD, where a total of 11 tips are listed to help inform investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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