Stock price when the opinion was issued
Long-term base of support around $16-17, and seems stuck there. Just bounced off resistance. At this point, it's only a trend if there are higher highs and higher lows (or lower highs and lower lows). Until it starts one of those 2 patterns, it's in consolidation. Not showing any signs of a real trend.
The only thing you can do with a stock that's consolidating is to swing-trade it.
Lowered outlook, analyst downgrades. Trying to focus on NA retail and European hospitality. The question is whether you want to catch this falling knife? You could buy a small position here, but he'd prefer writing a put, obliging yourself to own it ~$10 and get paid a nice premium.
He still models 21% EPS growth, trading ~20x.
We think LSPD remains a sell. We have some previous comments posted, but it has had enough 'chances' and was also unable to sell the company.
Unlock Premium - Try 5i Free
Up 100% since IPO 3 months ago. A new Shopify? He's a value manager and LSPD doesn't fit that. True, there are similarities to Shopify, though more towards retail and restaurants. They're marrying their restuarnts to the payments side. If you look at the payments space, then the valuations of all of them have surged a lot because people Will LSPD also surge like Shopify? Maybe, but beware of volatility.