Lemonade Inc (NYSE:LMND) price on Wednesday, May 09, fall -4.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.70.
A look at the stock’s price movement, the close in the last trading session was $17.48. Turning to its 52-week performance, $24.81 and $10.27 were the 52-week high and 52-week low respectively. Overall, LMND moved -1.24% over the past month.
Lemonade Inc’s market cap currently stands at around $1.18 billion.
Analysts have a consensus estimate of 121.4M for the company’s revenue for the quarter, with a low and high estimate of 119.13M and 124.67M respectively. The average forecast suggests up to a 16.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 514.88M, representing a 19.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LMND is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
LMND’s current price about -1.63% and -0.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.79, while 7-day volatility ratio is 5.10% and 5.31% in the 30-day chart. Further, Lemonade Inc (LMND) has a beta value of 1.82, and an average true range (ATR) of 0.94.
If we refocus on Lemonade Inc (NYSE:LMND), historical trading data shows that trading volumes averaged 1.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 70.16 million shares.
The 28.11% of Lemonade Inc’s shares are in the hands of company insiders while institutional holders own 38.68% of the company’s shares. Current price change has pushed the stock 3.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LMND stock continues to rise going into the next quarter.