After finishing at $16.91 in the prior trading day, Lemonade Inc (NYSE: LMND) closed at $16.51, down -2.37%. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 2052745 shares were traded. LMND stock price reached its highest trading level at $16.56 during the session, while it also had its lowest trading level at $15.81.
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 0.06 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:
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 Mar 11 ’24 when Prosor Maya sold 290 shares for $17.72 per share. The transaction valued at 5,139 led to the insider holds 9,522 shares of the business.
BIXBY TIMOTHY E bought 10,000 shares of LMND for $165,400 on Mar 06 ’24. The Chief Financial Officer now owns 10,000 shares after completing the transaction at $16.54 per share. On Mar 05 ’24, another insider, BIXBY TIMOTHY E, who serves as the Chief Financial Officer of the company, sold 2,161 shares for $16.52 each. As a result, the insider received 35,700 and left with 275,679 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 1.19B and an Enterprise Value of 966.09M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.22 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 2.25.
Stock Price History:
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 16.79, while the 200-Day Moving Average is calculated to be 16.01.
Shares Statistics:
The stock has traded on average 1.83M shares per day over the past 3-months and 1.11M 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 50.40M. Insiders hold about 28.23% of the company’s shares, while institutions hold 39.23% stake in the company. Shares short for LMND as of Mar 15, 2024 were 15.94M with a Short Ratio of 9.10, compared to 15.69M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.70% and a Short% of Float of 31.30%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of -$0.8 for the current quarter, with a high estimate of -$0.75 and a low estimate of -$0.9, while EPS last year was -$0.95. The consensus estimate for the next quarter is -$0.81, with high estimates of -$0.73 and low estimates of -$0.89.
Analysts are recommending an EPS of between -$2.82 and -$3.37 for the fiscal current year, implying an average EPS of -$3.12. EPS for the following year is -$2.59, with 10 analysts recommending between -$2.18 and -$3.04.
Revenue Estimates
7 analysts predict $114.52M in revenue for the current quarter. 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 20.30% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $123.86M, an increase of 18.40% less than the figure of $20.30% 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 $528.77M, while the lowest revenue estimate was $507.3M, resulting in an average revenue estimate of $513.39M. In the same quarter a year ago, actual revenue was $429.8M, up 19.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $660.33M 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 28.60% from the average revenue estimate for this year.
