The stock of Lemonade Inc. (NYSE:LMND) increased by $0.08 on Friday to finish at $13.64, up 0.59 percent. The last five days have seen an average of 1,329,540 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.04. The average number of shares traded over the last 20 days was 1,628,235, while the average volume over the last 50 days totaled 1,691,878.
LMND stock dropped -34.30% since last month. On 08/22/23, the company’s shares reached a one-month low of $13.27. The stock touched a high of $25.99 on 07/19/23, after rallying from a low of $10.28 in 52 weeks. The price of LMND stock has declined by -0.29% or -$0.04 this year, reaching a new high 13 times. Still, the stock price is down -47.52% from the 52-week high.
Insider Transactions
LMND stock investors should be aware that Lemonade Inc. (LMND) stock had its last reported insider trading activity 42 days ago on Jul 17. On Jul 17, Chief Insurance Officer Peters John Sheldon sold 5,000 shares at $20.00 each. This transaction resulted in the insider making $100,000. On Jun 05, BIXBY TIMOTHY E sold 1,474 shares at a price of US$18.26. After the transaction, the insider now owns 268,581 shares. Chief Insurance Officer Peters John Sheldon had earlier sold 538 shares on Jun 05 for $18.26 a share. The transaction was completed for $9,824.
Valuation Metrics
Beta for the stock is 1.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.61, the price-to-book (PB) ratio of 1.23.
Financial Health
Lemonade Inc.’s operating margin stood at -79.50% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LMND’s return on assets (ROA) during the last 12 months has been -17.30%. There was a -34.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -34.20%.
Earnings Surprise
According to Lemonade Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $104.6 million, while revenues rose by 52.2% to $95.2 million. It was predicted that Lemonade Inc.’s quarterly earnings would be -$0.97, but it ended up being -$1.03, beating the consensus by 5.80%. At the end of Lemonade Inc.’s most recent quarter ended June 29, its total debt was $31.7 million. Equity owned by shareholders amounts to $69.69 million.
Technical Picture
Here’s a quick look at Lemonade Inc.’s (LMND) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 27.21%, suggesting the stock is oversold, with a 35.22% historical volatility rate.
The stochastic %K and %D were 12.10% and 9.55% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 12.46%, the RSI (14) reading is 31.90%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.72.
Analyst Ratings
In its analyst report released on June 20, 2023, Morgan Stanley began covering Lemonade Inc. (NYSE: LMND). The stock was rated as an Underweight by the brokerage firm. Analysts have assigned Lemonade Inc. (LMND) an Hold rating. LMND is a stock that is recommended for selling by 4 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is LMND’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $40.00, with a median target price of $16.00. In analyzing these forecasts, the average price target given by analysts for Lemonade Inc. (LMND) is $18.00.
