Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Lemonade Inc (NYSE: LMND) was $32.31 for the day, down -6.18% from the previous closing price of $34.44. In other words, the price has decreased by -$6.18 from its previous closing price. On the day, 3.41 million shares were traded. LMND stock price reached its highest trading level at $33.5 during the session, while it also had its lowest trading level at $31.12.
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:
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 2307079424 and an Enterprise Value of 2034980736. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.58 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 4.132 whereas that against EBITDA is -10.941.
Stock Price History:
The Beta on a monthly basis for LMND is 2.17, which has changed by 1.0384858 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. 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 -15.27%, while the 200-Day Moving Average is calculated to be 42.54%.
Shares Statistics:
LMND traded an average of 2.54M shares per day over the past three months and 2113250 shares per day over the past ten days. 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 41.53% stake in the company. Shares short for LMND as of 1734048000 were 15321528 with a Short Ratio of 5.54, compared to 1731628800 on 15843524. Therefore, it implies a Short% of Shares Outstanding of 15321528 and a Short% of Float of 29.479998000000002.
