During the recent session, Lemonade Inc (NYSE:LMND)’s traded shares were 4.33 million, with the beta value of the company hitting 1.77. At the last check today, the stock’s price was $24.29, reflecting an intraday gain of 29.55% or $5.54. The 52-week high for the LMND share is $24.55, that puts it down -1.07 from that peak though still a striking 56.2% gain since the share price plummeted to a 52-week low of $10.64. The company’s market capitalization is $1.73B, and the average intraday trading volume over the past 10 days was 1.02 million shares, and the average trade volume was 1.30 million shares over the past three months.
Lemonade Inc (LMND) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.55. LMND has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.54.
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Lemonade Inc (NYSE:LMND) trade information
Lemonade Inc (LMND) registered a 29.55% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 29.55% in intraday trading to $24.29, hitting a weekly high. The stock’s 5-day price performance is 28.18%, and it has moved by 48.84% in 30 days. Based on these gigs, the overall price performance for the year is 122.03%. The short interest in Lemonade Inc (NYSE:LMND) is 16.01 million shares and it means that shorts have 12.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $17.5, which implies a decrease of -38.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16 and $19 respectively. As a result, LMND is trading at a premium of 21.78% off the target high and 34.13% off the low.
Lemonade Inc (LMND) estimates and forecasts
Statistics show that Lemonade Inc has underperformed its competitors in share price, compared to the industry in which it operates. Lemonade Inc (LMND) shares have gone up 36.92% during the last six months, with a year-to-date growth rate less than the industry average at 10.59% against 11.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 11.50% this quarter and then jump 11.90% in the quarter after that. In the rating firms’ projections, revenue will increase 19.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 144.66M as predicted by 7 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 150.03M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 115.5M and 119.1M respectively. In this case, analysts expect current quarter sales to grow by 25.20% and then jump by 26.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.47%. While earnings are projected to return 11.16% in 2024, the next five years will return 19.50% per annum.
LMND Dividends
Lemonade Inc is due to release its next quarterly earnings on 2025-Feb-25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lemonade Inc (NYSE:LMND)’s Major holders
Lemonade Inc insiders own 27.66% of total outstanding shares while institutional holders control 42.33%, with the float percentage being 58.52%. SOFTBANK GROUP CORP. is the largest shareholder of the company, while 291.0 institutions own stock in it. As of 2024-06-30, the company held over 11.98 million shares (or 17.0498% of all shares), a total value of $197.73 million in shares.
The next largest institutional holding, with 5.32 million shares, is of VANGUARD GROUP INC’s that is approximately 7.564% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $87.72 million.
