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After finishing at $23.42 in the prior trading day, Lemonade Inc (NYSE: LMND) closed at $22.94, down -2.05%. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 1.55 million shares were traded. LMND stock price reached its highest trading level at $23.62 during the session, while it also had its lowest trading level at $22.71.
Ratios:
Our goal is to gain a better understanding of LMND by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 10, 2024, initiated with a Market Perform rating and assigned the stock a target price of $17.
On June 20, 2023, Morgan Stanley started tracking the stock assigning a Underweight rating and target price of $14.Morgan Stanley initiated its Underweight rating on June 20, 2023, with a $14 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 14 ’24 when BIXBY TIMOTHY E bought 5,000 shares for $14.40 per share. The transaction valued at 72,000 led to the insider holds 30,000 shares of the business.
BIXBY TIMOTHY E bought 15,000 shares of LMND for $232,650 on Jun 13 ’24. The Chief Financial Officer now owns 25,000 shares after completing the transaction at $15.51 per share. On Jun 04 ’24, another insider, BIXBY TIMOTHY E, who serves as the Chief Financial Officer of the company, sold 2,077 shares for $16.03 each. As a result, the insider received 33,294 and left with 273,602 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LMND now has a Market Capitalization of 1617306752 and an Enterprise Value of 1370706176. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 3.021 whereas that against EBITDA is -7.486.
Stock Price History:
Over the past 52 weeks, LMND has reached a high of $24.55, while it has fallen to a 52-week low of $10.27. The 50-Day Moving Average of the stock is 29.17%, while the 200-Day Moving Average is calculated to be 37.47%.
Shares Statistics:
The stock has traded on average 1.57M shares per day over the past 3-months and 1902590 shares per day over the last 10 days, according to various share statistics. A total of 70.16M shares are outstanding, with a floating share count of 50.83M. Insiders hold about 27.90% of the company’s shares, while institutions hold 43.17% stake in the company. Shares short for LMND as of 1721001600 were 16580272 with a Short Ratio of 10.58, compared to 1718323200 on 16798336. Therefore, it implies a Short% of Shares Outstanding of 16580272 and a Short% of Float of 32.47.
