Many growth-stock investors are interested in Lightspeed (LSPD) stock, a popular SaaS company. This is probably because of its high revenue growth rates, with its revenue increasing more than 10x since March 2017. Throw in the fact that the stock is more than 75% off its highs and is at pre-pandemic prices, there’s no wonder why so many people find this stock highly interesting.
However, we don’t believe it is the best-quality stock in this market right now, even despite the huge pullback in price. This is especially true considering that LSPD is not the only stock that is well off its highs. There are many “cheap” stocks to choose from.
There are some concerning financial trends that we don’t really like about LSPD (besides the fact that it isn’t profitable).
We wrote a free article for TipRanks.com that you can view here. It explains some of the problems that we see with LSPD.
Despite this though, the stock itself remains in a downtrend, and downtrends can last for a while. So, if you are a bull, you may want to wait for a trend reversal to minimize drawdown (not financial advice).
Click the button below to read our full article. Good luck to all!
Our LSPD article mentions the rule of 40, so if you want more info on that, here’s our article on the rule of 40 and how it can help you beat the market.
Also, check out: How to Find and Pick High-Quality Stocks to Invest In
AND be sure to check out TipRanks and Finbox for fundamental analysis, and TrendSpider for charting software.
Thanks for reading!