Lemonade Inc (NYSE: LMND) has seen a decline in its stock price by -3.69 in relation to its previous close of 17.89. However, the company has experienced a -1.49% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that The headline numbers for Lemonade (LMND) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Lemonade Inc (NYSE: LMND) Right Now?
Additionally, the 36-month beta value for LMND is 1.84. 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 50.69M and currently, short sellers hold a 32.98% ratio of that float. The average trading volume of LMND on May 01, 2024 was 1.82M shares.
LMND’s Market Performance
LMND stock saw an increase of -1.49% in the past week, with a monthly gain of 4.05% and a quarterly increase of 3.11%. The volatility ratio for the week is 4.65%, and the volatility levels for the last 30 days are 4.99% for Lemonade Inc (LMND). The simple moving average for the past 20 days is 3.14% for LMND’s stock, with a 7.93% simple moving average for the past 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 2.06% 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 -30.55% of loss for the given period.
Volatility was left at 4.99%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares surge +6.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.49% lower at present.
During the last 5 trading sessions, LMND fell by -1.49%, which changed the moving average for the period of 200-days by -7.81% in comparison to the 20-day moving average, which settled at $16.76. In addition, Lemonade Inc saw 6.82% 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 2.42. 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 conclusion, Lemonade Inc (LMND) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
