Lemonade Inc (NYSE:LMND) finished Wednesday with an addition of $0.15 to close at $11.53, an upside of 1.32 percent. An average of 1,462,240 shares of common stock have been traded in the last five days. There was a fall of -$1.07 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,245,505 shares traded, while the 50-day average volume stands at 1,535,816.
LMND stock has decreased by -12.32% in the last month. The company shares reached their 1-month lowest point of $11.11 on 09/27/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $10.28 and a high of $25.11 in 52 weeks. It has reached a new high 13 times so far this year and lost -15.72% or -$2.15 in price. In spite of this, the price is down -54.08% 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 73 days ago on Jul 17. In this transaction, the insider spent $100,000. Chief Financial Officer, BIXBY TIMOTHY E, disposed of 1,474 shares at a price of $18.26 on Jun 05. The insider now owns more than $26,915 worth of shares. Prior to that, Chief Insurance Officer Peters John Sheldon went on to Sale 538 shares at $18.26 each on Jun 05. An amount of $9,824 was transacted.
Valuation Metrics
Lemonade Inc (LMND) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.74, the price-to-book (PB) ratio at 1.04.
Financial Health
Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.04 for the quarter ending June 29.
Earnings Surprise
The company posted a net income of -$67.2 million in the quarter, while revenues of -$65.8 million were shrunk -1.04%. The analyst consensus anticipated Lemonade Inc’s latest quarter earnings to come in at -$1.03 per share, but it turned out to be -$0.97, a 5.80% surprise. At the end of the quarter ending June 29, Lemonade Inc’s stock balance sheet showed total debt was $31.7 million. Shareholders own equity worth $69.69 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Lemonade Inc (LMND) price momentum. RSI 9-day as of the close on 27 September was 21.14%, suggesting the stock is oversold, with historical volatility in this time frame at 21.65%.
As of today, LMND’s price is $11.77 -8.49% or -$1.07 from its 5-day moving average. LMND is currently trading -14.53% lower than its 20-day SMA and -18.63% lower than its 100-day SMA. However, the stock’s current price level is -44.65% below the SMA50 and -35.94% below the SMA200.
The stochastic %K and %D were 8.29% and 6.20%, respectively, and the average true range (ATR) was 0.53. With the 14-day stochastic at 18.32% and the average true range at 0.60, the RSI (14) stands at 26.03%. The stock has reached -0.63 on the 9-day MACD Oscillator while the 14-day reading was at -0.92.
Analyst Ratings
Morgan Stanley launched coverage on Lemonade Inc (NYSE: LMND) in its analyst report released on June 20, 2023. The firm assigned the stock an Underweight rating. The consensus rating for Lemonade Inc (LMND) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell LMND, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is LMND’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $40.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Lemonade Inc (LMND) stock is $18.00.
