As of close of business last night, Lemonade Inc’s stock clocked out at $17.39, down -2.14% from its previous closing price of $17.77. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 3396113 shares were traded. LMND stock price reached its highest trading level at $18.48 during the session, while it also had its lowest trading level at $17.17.
Ratios:
To gain a deeper understanding of LMND’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when BIXBY TIMOTHY E bought 10,000 shares for $16.54 per share. The transaction valued at 165,400 led to the insider holds 10,000 shares of the business.
BIXBY TIMOTHY E sold 2,161 shares of LMND for $35,700 on Mar 05 ’24. The Chief Financial Officer now owns 275,679 shares after completing the transaction at $16.52 per share. On Mar 05 ’24, another insider, Peters John Sheldon, who serves as the Chief Insurance Officer of the company, sold 1,106 shares for $16.52 each. As a result, the insider received 18,271 and left with 74,967 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 1.25B and an Enterprise Value of 1.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.39 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 2.39.
Stock Price History:
The Beta on a monthly basis for LMND is 1.89, which has changed by 26.84% over the last 52 weeks, in comparison to a change of 30.58% over the same period for the S&P500. Over the past 52 weeks, LMND has reached a high of $24.81, while it has fallen to a 52-week low of $10.27. The 50-Day Moving Average of the stock is 16.91, while the 200-Day Moving Average is calculated to be 16.22.
Shares Statistics:
It appears that LMND traded 2.08M shares on average per day over the past three months and 4.23M shares per day over the past ten days. A total of 70.16M shares are outstanding, with a floating share count of 50.40M. Insiders hold about 28.23% of the company’s shares, while institutions hold 39.29% stake in the company. Shares short for LMND as of Feb 15, 2024 were 15.69M with a Short Ratio of 7.54, compared to 17.07M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.36% and a Short% of Float of 30.84%.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.81 for the current quarter, with a high estimate of -$0.76 and a low estimate of -$0.9, while EPS last year was -$0.95. The consensus estimate for the next quarter is -$0.82, with high estimates of -$0.73 and low estimates of -$0.89.
Analysts are recommending an EPS of between -$2.82 and -$3.4 for the fiscal current year, implying an average EPS of -$3.14. EPS for the following year is -$2.66, with 10 analysts recommending between -$2.18 and -$3.07.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $115.38M. It ranges from a high estimate of $121.31M to a low estimate of $111.6M. As of the current estimate, Lemonade Inc’s year-ago sales were $95.2M, an estimated increase of 21.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $124.57M, an increase of 19.10% less than the figure of $21.20% in the same quarter last year. There is a high estimate of $127.65M for the next quarter, whereas the lowest estimate is $122.12M.
A total of 8 analysts have provided revenue estimates for LMND’s current fiscal year. The highest revenue estimate was $534.02M, while the lowest revenue estimate was $507.3M, resulting in an average revenue estimate of $515.73M. In the same quarter a year ago, actual revenue was $429.8M, up 20.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $662.69M in the next fiscal year. The high estimate is $724.1M and the low estimate is $593.3M. The average revenue growth estimate for next year is up 28.50% from the average revenue estimate for this year.
