In last trading session, Lemonade Inc (NYSE:LMND) saw 1.06 million shares changing hands with its beta currently measuring 1.90. Company’s recent per share price level of $16.36 trading at -$0.39 or -2.33% at ring of the bell on the day assigns it a market valuation of $1.15B. That closing price of LMND’s stock is at a discount of -51.65% from its 52-week high price of $24.81 and is indicating a premium of 37.22% from its 52-week low price of $10.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.77 million shares which gives us an average trading volume of 1.97 million if we extend that period to 3-months.
Lemonade Inc (NYSE:LMND) trade information
Upright in the red during last session for losing -2.33%, in the last five days LMND remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $16.36 price level, adding 4.33% to its value on the day. Lemonade Inc’s shares saw a change of 1.43% in year-to-date performance and have moved 0.18% in past 5-day. Lemonade Inc (NYSE:LMND) showed a performance of -3.99% in past 30-days. Number of shares sold short was 16.29 million shares which calculate 6.81 days to cover the short interests.
Lemonade Inc (LMND) estimates and forecasts
Statistics highlight that Lemonade Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 29.84% of value to its shares in past 6 months, showing an annual growth rate of 9.12% while that of industry is 13.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 15.80% in the current quarter and calculating 15.50% increase in the next quarter. This year revenue growth is estimated to rise 20.00% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $115.38 million for the same. And 7 analysts are in estimates of company making revenue of $124.57 million in the next quarter that will end on Jun 2024. Company posted $95.2 million and $104.6 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 21.20% while estimating it to be 19.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.47% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.37% while estimates for its earnings growth in next 5 years are of 19.50%.
LMND Dividends
Lemonade Inc is more likely to be releasing its next quarterly report between May 01 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Lemonade Inc (NYSE:LMND)’s Major holders
Insiders are in possession of 27.72% of company’s total shares while institution are holding 40.21 percent of that, with stock having share float percentage of 55.63%. Investors also watch the number of corporate investors in a company very closely, which is 40.21% institutions for Lemonade Inc that are currently holding shares of the company. Softbank Group Corporation is the top institutional holder at LMND for having 11.98 million shares of worth $201.92 million. And as of Jun 29, 2023, it was holding 17.20% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 5.71 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.19% of outstanding shares, having a total worth of $96.2 million.
On the other hand, Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 2.25 million shares of worth $39.67 million or 3.23% of the total outstanding shares. The later fund manager was in possession of 2.06 million shares on Jun 29, 2023, making its stake of worth around $34.71 million in the company or a holder of 2.96% of company’s stock.
