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Lemonade Inc (NYSE: LMND) closed the day trading at $16.16 down -2.12% from the previous closing price of $16.51. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 1.36 million shares were traded. LMND stock price reached its highest trading level at $17.05 during the session, while it also had its lowest trading level at $16.02.
Ratios:
For a better understanding of LMND, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.08 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:
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 1139305856 and an Enterprise Value of 892705472. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 1.968 whereas that against EBITDA is -4.876.
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 -4.40%, while the 200-Day Moving Average is calculated to be 2.93%.
Shares Statistics:
Over the past 3-months, LMND traded about 1.53M shares per day on average, while over the past 10 days, LMND traded about 1039100 shares per day. A total of 70.16M shares are outstanding, with a floating share count of 51.10M. Insiders hold about 27.51% of the company’s shares, while institutions hold 40.63% stake in the company. Shares short for LMND as of 1715731200 were 16278639 with a Short Ratio of 10.66, compared to 1713139200 on 16718314. Therefore, it implies a Short% of Shares Outstanding of 16278639 and a Short% of Float of 31.879999999999995.
Earnings Estimates
The stock of Lemonade Inc (LMND) is currently drawing attention from 9.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of -$0.85 for the current quarter, with a high estimate of -$0.78 and a low estimate of -$0.9, while EPS last year was -$0.97. The consensus estimate for the next quarter is -$0.83, with high estimates of -$0.77 and low estimates of -$0.93.
Analysts are recommending an EPS of between -$2.81 and -$3.3 for the fiscal current year, implying an average EPS of -$2.99. EPS for the following year is -$2.42, with 10.0 analysts recommending between -$2.1 and -$2.79.
Revenue Estimates
7 analysts predict $121.77M in revenue for the current quarter. It ranges from a high estimate of $124.67M to a low estimate of $119.13M. As of the current estimate, Lemonade Inc’s year-ago sales were $104.6MFor the next quarter, 7 analysts are estimating revenue of $134.59M. There is a high estimate of $142.7M for the next quarter, whereas the lowest estimate is $130.8M.
A total of 8 analysts have provided revenue estimates for LMND’s current fiscal year. The highest revenue estimate was $521.4M, while the lowest revenue estimate was $512.6M, resulting in an average revenue estimate of $515.73M. In the same quarter a year ago, actual revenue was $429.8MBased on 8 analysts’ estimates, the company’s revenue will be $662.9M in the next fiscal year. The high estimate is $722.8M and the low estimate is $613.64M.
