Business & Investment

Why Lightspeed Commerce (TSX: LSPD) rebounded on Friday

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Looks like Light speed commerce (TSX: LSPD)(NYSE: LSPD) It’s down, but it’s not completely out yet. Lightspeed Commerce’s share price rebounded on Friday, with a new announcement for restaurant owners. And the news probably seems to put the fear of recent short-selling behind it. At this point.

What’s wrong?

Lightspeed Commerce surged 5% in early morning trading after the company announced new things “Light Speed ​​Restaurant” platform. This platform aims to bring restaurants to the post-pandemic world. that “The statement combines innovative point-of-sale, contactless payments, online orders, advanced inventory and analytics to create a powerful hospitality platform for running smarter and more efficient restaurants.

Lightspeed Commerce has announced that the platform will be available in North America after being rolled out in Europe in the summer. This service allows operators to see what’s bringing back customers, send daily data emails, track inventory, make contactless orders, make online payments, and is easy to use.

The post-pandemic world needs to keep track of online hires and use all resources to keep customers coming to the store and keep ups and downs. Lightspeed Commerce hopes that this new platform will help the hospitality industry recover.

so what?

So far, this may sound like a pitch. However, Lightspeed Commerce still has a lot of fire. The Lightspeed Commerce rebounds are great, with a share back at about $ 121 at the time of writing. However, it is still 27% lower than last month’s record high.

So the question is, “Is that enough?” The new platform is powerful and Allegation Raised by Spruce Point’s short-selling report. The report states that the quality of metrics is just “smoke and mirrors” and that true metrics are hidden in the recent surge in acquisitions.

However, recent announcements have made at least some of these acquisitions work. In short, the acquisitions of Upserve, Gastrofix, Kounta and iKentoo were made to simplify the merchant process of using Lightspeed Restaurant.

And this is the latest announcement to deal with the acquisition. Lightspeed Commerce also announced two weeks ago that it had completed the acquisition of Ecwid with voting rights of approximately $ 163.6 million and 4.8 million shares. The acquisition focuses on e-commerce rather than the Lightspeed Restaurant platform, as it aims to help merchants reach shoppers.

So what?

What do Motley Fool investors do? As one analyst said, the claim remains exactly that: claim. There is no “smoking gun” to prove that they aren’t making as much as the company states. That said, investors are now wondering if they should enjoy their interests.

Even with this good news, it can certainly happen again.At the last dropoff Month, Some investors may be worried that stocks are too low. Now the rebound can trigger another sale. And then there is the issue of spruce point capital management.

Lightspeed Commerce responded to a short-selling report that SprucePoint had both inaccuracies and benefits. In addition, although successful in the past, stock prices have fallen and continued to rise several times after being attacked.

The obvious sign is how Lightspeed Commerce will respond in its November 4th earnings report. The question is, is the company trying to display more organic growth data, or is it hoping that it stays the same and no one notices it?

Finally, Lightspeed Commerce made these acquisitions and competed for the top of the pack. And it may have gone into a sprint instead of taking a marathon approach. Shareholders can crash again if they continue to lose money on hardware sales and cannot make these large-scale acquisitions quickly.

Why Lightspeed Commerce (TSX: LSPD) rebounded on Friday Why Lightspeed Commerce (TSX: LSPD) rebounded on Friday

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