During the recent session, Lemonade Inc (NYSE:LMND)’s traded shares were 0.55 million, with the beta value of the company hitting 2.17. At the last check today, the stock’s price was $36.85, reflecting an intraday gain of 0.46% or $0.17. The 52-week high for the LMND share is $53.85, that puts it down -46.13 from that peak though still a striking 61.93% gain since the share price plummeted to a 52-week low of $14.03. The company’s market capitalization is $2.63B, and the average intraday trading volume over the past 10 days was 2.23 million shares, and the average trade volume was 2.48 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 -0.62.
Lemonade Inc (NYSE:LMND) trade information
Lemonade Inc (LMND) registered a 0.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.46% in intraday trading to $36.85, hitting a weekly high. The stock’s 5-day price performance is -10.71%, and it has moved by -19.73% in 30 days. Based on these gigs, the overall price performance for the year is 116.26%. The short interest in Lemonade Inc (NYSE:LMND) is 15.32 million shares and it means that shorts have 4.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $42, which implies an increase of 12.26% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $60 respectively. As a result, LMND is trading at a discount of -62.82% off the target high and 45.73% off the low.
Lemonade Inc (LMND) estimates and forecasts
Statistics show that Lemonade Inc has outperformed its competitors in share price, compared to the industry in which it operates. Lemonade Inc (LMND) shares have gone up 127.47% during the last six months, with a year-to-date growth rate more than the industry average at 10.59% against 9.50. In the rating firms’ projections, revenue will increase 21.65% 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 144.78M as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 151.95M 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 25.35% and then jump by 27.58% 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 10.68% in 2025, the next five years will return 19.50% per annum.
LMND Dividends
Lemonade Inc is due to release its next quarterly earnings in February. 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 27.50% of total outstanding shares while institutional holders control 41.45%, with the float percentage being 57.18%. SOFTBANK GROUP CORP. is the largest shareholder of the company, while 307.0 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.
