Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Lemonade Inc (NYSE: LMND) closed the day trading at $32.83 down -13.10% from the previous closing price of $37.78. In other words, the price has decreased by -$13.10 from its previous closing price. On the day, 3.26 million shares were traded. LMND stock price reached its highest trading level at $37.145 during the session, while it also had its lowest trading level at $32.34.
Ratios:
For a better understanding of LMND, let’s look at its different ratios. 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:
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 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 2344209664 and an Enterprise Value of 2072111104. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.67 while its Price-to-Book (P/B) ratio in mrq is 3.95. Its current Enterprise Value per Revenue stands at 4.207 whereas that against EBITDA is -11.14.
Stock Price History:
The Beta on a monthly basis for LMND is 2.14, which has changed by 1.1990688 over the last 52 weeks, in comparison to a change of 0.21313763 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 -13.72%, while the 200-Day Moving Average is calculated to be 34.36%.
Shares Statistics:
Over the past 3-months, LMND traded about 2.46M shares per day on average, while over the past 10 days, LMND traded about 1510940 shares per day. A total of 71.38M shares are outstanding, with a floating share count of 52.89M. Insiders hold about 25.93% of the company’s shares, while institutions hold 41.38% stake in the company. Shares short for LMND as of 1738281600 were 16111222 with a Short Ratio of 6.86, compared to 1735603200 on 14060072. Therefore, it implies a Short% of Shares Outstanding of 16111222 and a Short% of Float of 31.0.
