Despite the broader market gains, the following two stocks continue to trade at significant discounts to their 52-week highs for various reasons. Given their low valuations and healthy growth prospects, I believe these stocks offer attractive buying opportunities at current levels.
easy
easy (TSX: GSY) is a Mississauga-based alternative financial services company providing leasing and lending solutions to non-prime customers. Following a short-seller report from Jehoshaphat Research and weaker-than-expected third-quarter earnings, the stock has come under significant pressure, down more than 40% from its 52-week high.
In the meantime, goeasy continues to deliver solid business results. New loans reached $946 million in the quarter, expanding the total loan portfolio to $5.4 billion. This growth drove a 15% year-over-year revenue increase to $440 million. Encouragingly, asset quality improved as the annualized net charge-off rate fell by 30 basis points to 8.9%, supported by higher secured lending and improvements in underwriting and collections.
Looking ahead, credit demand is likely to remain resilient in the current low interest rate environment. With an extensive product offering and a broader distribution network, goeasy is well positioned to meet this demand. Next-generation lending models, stricter underwriting standards and disciplined collection practices should further strengthen asset quality and long-term profitability.
Meanwhile, the company’s management expects its loan portfolio to reach $7.35 billion to $7.75 billion by 2027, representing growth of roughly 39% at the midpoint of current levels. Furthermore, management expects revenue to grow 11.3% annually, while operating margins could increase to 43% by 2027.
Furthermore, goeasy has increased its dividend for eleven years in a row and currently offers a forward yield of 4.6%. The stock trades at an attractive 1.1 times forward 12 months revenue and 6.7 times earnings and appears undervalued. Given its solid fundamentals and long-term growth prospects, goeasy looks like an attractive buy at current levels.
Lightspeed trading
Second on my list is Lightspeed trading (TSX:LSPD), which is currently trading about 37% below its 52-week high. Although the company posted stronger-than-expected third-quarter 2026 results, mounting net losses have dampened investor sentiment, dragging shares lower.
Lightspeed reported revenue of $312.3 million, surpassing analyst expectations of $311.3 million and marking an 11% increase year over year. The growth was driven by an expansion in the number of customer locations, an 11% increase in average revenue per user (ARPU) and higher gross transaction and gross processing volumes. Gross profit increased by 15%, while gross margin grew by 200 basis points to 43%.
However, operating expenses increased 14.2%, primarily due to higher amortization of intangible assets, increasing year-over-year net losses from $26.6 million to $32.8 million. On an adjusted basis, earnings per share came in at $0.15, up 25% from the prior year quarter.
Encouraged by solid performance through the first three quarters, management raised its fiscal 2026 guidance, forecasting 34% revenue growth and 36% gross profit growth. Adjusted EBITDA is expected to improve significantly, from $1.3 million in fiscal 2025 to $72 million this year.
Lightspeed continues to invest in innovation, including AI-powered tools, while focusing on cost discipline and operational efficiency to increase profitability. Additionally, the company’s management expects gross profit to grow 15 to 18% annually through fiscal 2028, with adjusted EBITDA increasing 35% annually. Given the strong growth prospects and 15 times earnings valuation for the next twelve months, I remain bullish on Lightspeed.
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