Home Stock Where to buy Lightspeed commerce stock (LSPD): buy the dip

Where to buy Lightspeed commerce stock (LSPD): buy the dip

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Lightspeed Commerce stock (LSPD) took a dip on Thursday and today consecutively after the company’s 2021 second-quarter report showed a $59.1% million loss although the revenue has nearly tripled.

Despite the dip in the share price, investors still believe that the increase in revenue is a good gesture and the stock price will be up very soon.

To help stock traders eying to invest in the Lightspeed commerce stock, Invezz has created a brief article on what it is and the best places to trade it.

To find out more, please continue reading.

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What is Lightspeed Commerce (LSPD) took?

Lightspeed Commerce stock is the stock of Lightspeed Commerce and it trades on the Toronto Stock Exchange (TSE) under the symbol TSE: LSPD.

Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada.

Besides Montreal, it also has other offices in Toronto, New York, Ottawa, Santa Cruz, and Amsterdam.

Should I buy LSPD stock today?

If you are looking to buy a stock that is has dipped to maximize profits, then LSPD is a good option.

LSPD stock price prediction

Lightspeed Commerce stock (TSE: LSPD) is expected to move up since its revenue has increased despite registering a loss in the Q2 of this year.

$LSPD social media coverage

Listened to the $LSPD ER call again and still can’t understand the massive decline in the stock!

Triple digit YOY revenue growth guided by mgt., this appears to be a sticky business. Valuation was super high before ER and now its been reset.

I’ve bought the dip. Long $LSPD

— Puru Saxena (@saxena_puru) November 5, 2021

Lightspeed Q3 results –

Revenue +193%YOY
-Subs. revenue +132%YOY
-Transaction revenue +320%YOY
Organic subs. + transaction rev +58%YOY
GTV $18.8b (+123%YOY)
Adj. loss = 8.3% of rev.
Customer locations 156,000 (+95%YOY)
FY rev. guidance raised to $520-535m

I’m long $LSPD

— Puru Saxena (@saxena_puru) November 4, 2021

The post Where to buy Lightspeed commerce stock (LSPD): buy the dip appeared first on Invezz.

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