Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Lemonade Inc (NYSE: LMND) was $34.70 for the day, up 3.83% from the previous closing price of $33.42. In other words, the price has increased by $3.83 from its previous closing price. On the day, 2.41 million shares were traded.
Ratios:
Our analysis of LMND’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.15 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 the company, Morgan Stanley on November 20, 2024, Upgraded its rating to Equal-Weight and sets its target price to $42 from $23 previously.
On November 07, 2024, Keefe Bruyette Downgraded its rating to Underperform which previously was Mkt Perform and also upped its target price recommendation from $18 to $21.
On January 10, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $17.TD Cowen initiated its Market Perform rating on January 10, 2024, with a $17 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 30 ’24 when Peters John Sheldon sold 28,985 shares for $38.67 per share. The transaction valued at 1,120,850 led to the insider holds 69,508 shares of the business.
Peters John Sheldon bought 28,985 shares of LMND for $1,120,850 on Dec 30 ’24. On Dec 03 ’24, another insider, Peters John Sheldon, who serves as the Chief Insurance Officer of the company, sold 1,790 shares for $45.50 each. As a result, the insider received 81,445 and left with 88,493 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 6.00 while its Price-to-Book (P/B) ratio in mrq is 4.18.
Stock Price History:
Over the past 52 weeks, LMND has reached a high of $53.85, while it has fallen to a 52-week low of $14.03. The 50-Day Moving Average of the stock is -4.19%, while the 200-Day Moving Average is calculated to be 37.98%.
Shares Statistics:
A total of 71.38M shares are outstanding, with a floating share count of 52.93M. Insiders hold about 25.87% of the company’s shares, while institutions hold 47.60% stake in the company.
Earnings Estimates
The dynamic stock of Lemonade Inc (LMND) is currently being evaluated by a team of 9.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is -$0.68, with high estimates of -$0.6 and low estimates of -$0.76.
Analysts are recommending an EPS of between -$2.97 and -$3.13 for the fiscal current year, implying an average EPS of -$3.05. EPS for the following year is -$2.62, with 8.0 analysts recommending between -$2.33 and -$2.83.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $145.3M to a low estimate of $144M. As of the current estimate, Lemonade Inc’s year-ago sales were $115.5MFor the next quarter, 6 analysts are estimating revenue of $151.95M. There is a high estimate of $154M for the next quarter, whereas the lowest estimate is $149.1M.
A total of 8 analysts have provided revenue estimates for LMND’s current fiscal year. The highest revenue estimate was $523.87M, while the lowest revenue estimate was $521.7M, resulting in an average revenue estimate of $522.82M. In the same quarter a year ago, actual revenue was $429.8MBased on 8 analysts’ estimates, the company’s revenue will be $663.35M in the next fiscal year. The high estimate is $679.8M and the low estimate is $629.3M.
