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After finishing at $18.53 in the prior trading day, Lemonade Inc (NYSE: LMND) closed at $18.33, down -1.08%. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 0.98 million shares were traded. LMND stock price reached its highest trading level at $18.8 during the session, while it also had its lowest trading level at $18.15.
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 0.11 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 13 ’24 when BIXBY TIMOTHY E bought 15,000 shares for $15.51 per share. The transaction valued at 232,650 led to the insider holds 25,000 shares of the business.
BIXBY TIMOTHY E bought 5,000 shares of LMND for $72,000 on Jun 14 ’24. The Chief Financial Officer now owns 30,000 shares after completing the transaction at $14.40 per share. On Jun 04 ’24, another insider, Peters John Sheldon, who serves as the Chief Insurance Officer of the company, sold 1,026 shares for $16.03 each. As a result, the insider received 16,447 and left with 73,941 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 1316147072 and an Enterprise Value of 982042240. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 2.084 whereas that against EBITDA is -5.75.
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 0.26%, while the 200-Day Moving Average is calculated to be 6.37%.
Shares Statistics:
The stock has traded on average 1.56M shares per day over the past 3-months and 1122080 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 51.21M. Insiders hold about 27.90% of the company’s shares, while institutions hold 45.98% stake in the company. Shares short for LMND as of 1723680000 were 16729909 with a Short Ratio of 10.73, compared to 1721001600 on 16580272. Therefore, it implies a Short% of Shares Outstanding of 16729909 and a Short% of Float of 32.43.
