In recent trading session, Lemonade Inc (NYSE:LMND) saw 0.75 million shares changing hands at last check today with its beta currently measuring 1.72. Company’s recent per share price level of $28.08 trading at -$1.21 or -4.13% at last check today assigns it a market valuation of $2.01B. That most recent trading price of LMND’s stock is at a discount of -4.74% from its 52-week high price of $29.41 and is indicating a premium of 51.14% from its 52-week low price of $13.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.68 million shares which gives us an average trading volume of 1.39 million if we extend that period to 3-months.
For Lemonade Inc (LMND), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.73. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.59 in the current quarter.
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Lemonade Inc (NYSE:LMND) trade information
Upright in the red during last session for losing -4.13%, in the last five days LMND remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $28.08 price level, adding 4.52% to its value on the day. Lemonade Inc’s shares saw a change of 74.09% in year-to-date performance and have moved 18.13% in past 5-day. Lemonade Inc (NYSE:LMND) showed a performance of 71.74% in past 30-days. Number of shares sold short was 16.01 million shares which calculate 12.5 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 17.5 to the stock, which implies a fall of -60.46% to its recent value today. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would jump 43.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 43.02% for stock’s current value.
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 65.27% of value to its shares in past 6 months, showing an annual growth rate of 10.29% while that of industry is 10.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 21.70% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 144.99M for the same. And 5 analysts are in estimates of company making revenue of 155.61M in the next quarter. Company posted 115.5M and 119.1M of sales in current and next quarters respectively a year earlier.
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 10.97% while estimates for its earnings growth in next 5 years are of 19.50%.
Lemonade Inc (NYSE:LMND)’s Major holders
Insiders are in possession of 27.52% of company’s total shares while institution are holding 41.71 percent of that, with stock having share float percentage of 57.54%. Investors also watch the number of corporate investors in a company very closely, which is 41.71% institutions for Lemonade Inc that are currently holding shares of the company. SOFTBANK GROUP CORP. is the top institutional holder at LMND for having 11.98 million shares of worth $197.73 million. And as of 2024-06-30, it was holding 17.0498 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 5.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.564 of outstanding shares, having a total worth of $87.72 million.
