Lemonade Inc (LMND) concluded trading on Wednesday at a closing price of $31.48, with 8.01 million shares of worth about $252.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 68.61% during that period and on Wednesday the price saw a loss of about -1.59%. Currently the company’s common shares owned by public are about 71.38M shares, out of which, 52.93M shares are available for trading.
Stock saw a price change of -13.85% in past 5 days and over the past one month there was a price change of -0.63%. Year-to-date (YTD), LMND shares are showing a performance of -14.18% which increased to 75.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.03 but also hit the highest price of $53.85 during that period. The average intraday trading volume for Lemonade Inc shares is 2.11 million. The stock is currently trading -9.16% below its 20-day simple moving average (SMA20), while that difference is down -12.08% for SMA50 and it goes to 24.45% higher than SMA200.
Lemonade Inc (NYSE: LMND) currently have 71.38M outstanding shares and institutions hold larger chunk of about 47.60% of that.
The stock has a current market capitalization of $2.25B and its 3Y-monthly beta is at 2.15. It has posted earnings per share of -$3.04 in the same period. It has a debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LMND, volatility over the week remained 11.79% while standing at 8.35% over the month.
Stock’s fiscal year EPS is expected to rise by 0.46% while it is estimated to increase by 30.63% in next year. EPS is likely to grow at an annualized rate of 30.72% for next 5-years, compared to annual growth of -29.47% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on November 20, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $23 and $42 to it. Coverage by Keefe Bruyette stated Lemonade Inc (LMND) stock as an Underperform in their note to investors on November 07, 2024, suggesting a price target of $21 for the stock. Stock get an Underweight rating from Morgan Stanley on June 20, 2023.
