Lemonade Inc. (NYSE:LMND) saw an upside of 2.62% to $13.90 after adding $0.36on Wednesday. The 5-day average trading volume is 1,396,737 shares of the company’s common stock. It has gained $14.60 in the past week and touched a new high 2 times within the past 5 days. An average of 1,626,649 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,697,986.
LMND’s 1-month performance is -36.67% or -$9.42 on its low of $13.27 reached on 08/22/23. The company’s shares have touched a 52-week low of $10.28 and high of $25.99, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, LMND has achieved 1.57% or $0.27 and has reached a new high 13 times. However, the current price is down -46.54% from the 52-week high price.
Insider Transactions
LMND stock investors last saw insider trading activity on Jul 17.Peters John Sheldon (Chief Insurance Officer) most recently sold 5,000 shares at $20.00 per share on Jul 17. This transaction cost the insider $100,000. Chief Financial Officer, BIXBY TIMOTHY E, sold 1,474 shares at a price of $18.26 on Jun 05. Then, on Jun 05, Chief Insurance Officer Peters John Sheldon sold 538 shares at a price of $18.26 per share. This transaction amounted to $9,824.
Valuation Metrics
LMND stock has a beta of 1.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.69 while the price-to-book (PB) in the most recent quarter is 1.25.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -1.04% to -$67.2 million, while revenue of -$65.8 million was 2.08% off the previous quarter. Analysts expected LMND to announce -$1.03 per share in earnings in its latest quarter, but it posted -$0.97, representing a 5.80% surprise. Shareholders hold equity totaling $69.69 million.
Let’s look briefly at Lemonade Inc. (LMND) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 27.46% to suggest the stock is trending oversold, with historical volatility in this time period at 29.35%.
The stock’s 5-day moving average is $13.84, reflecting a -3.29% or -$0.48 change from its current price. LMND is currently trading -37.87% above its 20-day SMA, +1.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.29% and SMA200 by-35.72%.
Stochastic %K and %D was 6.83% and 3.72% and the average true range (ATR) pointed at 0.90. The RSI (14) points at 32.43%, while the 14-day stochastic is at 14.64% with the period’s ATR at 1.04. The stock’s 9-day MACD Oscillator is pointing at -0.53 and -1.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lemonade Inc. (NYSE: LMND), Morgan Stanley launched coverage with an Underweight rating. Analysts offering their rating for LMND stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate LMND as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is LMND’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $40.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for Lemonade Inc. (LMND) stock is $18.00.
