Lemonade Inc (NYSE: LMND) has seen a decline in its stock price by -2.48 in relation to its previous close of 16.56. However, the company has experienced a -2.06% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-31 that Lemonade stock is a good contrarian investment opportunity while the market is at all-time highs. The company is focusing on accelerating its growth in in-force premium and expanding its footprint in Europe. It’s expecting to deploy a higher marketing budget this year. It has smartly managed its portfolio to reduce concentration risks, particularly in home insurance, which has helped to bring loss ratios down.
Is It Worth Investing in Lemonade Inc (NYSE: LMND) Right Now?
The 36-month beta value for LMND is also noteworthy at 1.89. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LMND is 50.40M, and at present, short sellers hold a 31.62% of that float. The average trading volume of LMND on April 03, 2024 was 1.90M shares.
LMND’s Market Performance
LMND stock saw a decrease of -2.06% in the past week, with a monthly decline of -4.55% and a quarterly a decrease of 0.12%. The volatility ratio for the week is 3.55%, and the volatility levels for the last 30 days are 5.08% for Lemonade Inc (LMND). The simple moving average for the last 20 days is -2.48% for LMND stock, with a simple moving average of 0.43% for the last 200 days.
Analysts’ Opinion of LMND
Many brokerage firms have already submitted their reports for LMND stocks, with TD Cowen repeating the rating for LMND by listing it as a “Market Perform.” The predicted price for LMND in the upcoming period, according to TD Cowen is $17 based on the research report published on January 10, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Underweight” to LMND, setting the target price at $14 in the report published on June 20th of the previous year.
LMND Trading at -3.96% from the 50-Day Moving Average
After a stumble in the market that brought LMND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.91% of loss for the given period.
Volatility was left at 5.08%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -6.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.82% lower at present.
During the last 5 trading sessions, LMND fell by -2.06%, which changed the moving average for the period of 200-days by -19.93% in comparison to the 20-day moving average, which settled at $16.51. In addition, Lemonade Inc saw 0.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LMND starting from Prosor Maya, who sale 290 shares at the price of $17.72 back on Mar 11 ’24. After this action, Prosor Maya now owns 9,522 shares of Lemonade Inc, valued at $5,139 using the latest closing price.
BIXBY TIMOTHY E, the Chief Financial Officer of Lemonade Inc, purchase 10,000 shares at $16.54 during a trade that took place back on Mar 06 ’24, which means that BIXBY TIMOTHY E is holding 10,000 shares at $165,400 based on the most recent closing price.
Stock Fundamentals for LMND
Current profitability levels for the company are sitting at:
- -0.47 for the present operating margin
- 1.0 for the gross margin
The net margin for Lemonade Inc stands at -0.58. The total capital return value is set at -0.17. Equity return is now at value -30.07, with -17.76 for asset returns.
Based on Lemonade Inc (LMND), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -1.75.
Currently, EBITDA for the company is 20.0 million with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 1.07for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.08.
Conclusion
In summary, Lemonade Inc (LMND) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
