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The closing price of Lemonade Inc (NYSE: LMND) was $18.14 for the day, down -1.41% from the previous closing price of $18.40. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 0.9 million shares were traded. LMND stock price reached its highest trading level at $18.51 during the session, while it also had its lowest trading level at $17.84.
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 0.11 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:
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 Sep 04 ’24 when Peters John Sheldon sold 1,547 shares for $18.84 per share. The transaction valued at 29,145 led to the insider holds 90,283 shares of the business.
Prosor Maya sold 263 shares of LMND for $4,955 on Sep 04 ’24. The Chief Business Officer now owns 8,988 shares after completing the transaction at $18.84 per share. On Sep 04 ’24, another insider, Peters John Sheldon, who serves as the Officer of the company, bought 1,547 shares for $18.84 each.
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 1288446080 and an Enterprise Value of 968546944. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.23 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 2.055 whereas that against EBITDA is -5.671.
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 -1.82%, while the 200-Day Moving Average is calculated to be 4.95%.
Shares Statistics:
LMND traded an average of 1.57M shares per day over the past three months and 1072580 shares per day over the past ten days. 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 45.32% stake in the company. Shares short for LMND as of 1723680000 were 16729909 with a Short Ratio of 10.69, compared to 1721001600 on 16580272. Therefore, it implies a Short% of Shares Outstanding of 16729909 and a Short% of Float of 32.43.
Earnings Estimates
At present, 10.0 analysts are actively evaluating the performance of Lemonade Inc (LMND) in the stock market.The consensus estimate for the next quarter is -$0.55, with high estimates of -$0.42 and low estimates of -$0.67.
Analysts are recommending an EPS of between -$2.87 and -$3.16 for the fiscal current year, implying an average EPS of -$3.04. EPS for the following year is -$2.51, with 10.0 analysts recommending between -$2.1 and -$2.76.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $142M to a low estimate of $125.13M. As of the current estimate, Lemonade Inc’s year-ago sales were $114.5MFor the next quarter, 8 analysts are estimating revenue of $144.66M. There is a high estimate of $146.77M for the next quarter, whereas the lowest estimate is $140.45M.
A total of 9 analysts have provided revenue estimates for LMND’s current fiscal year. The highest revenue estimate was $521.6M, while the lowest revenue estimate was $508.9M, resulting in an average revenue estimate of $514.19M. In the same quarter a year ago, actual revenue was $429.8MBased on 8 analysts’ estimates, the company’s revenue will be $655.95M in the next fiscal year. The high estimate is $723.9M and the low estimate is $623.83M.
