Lemonade Inc (NYSE:LMND) price on Thursday, March 20, fall -0.63% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $34.47.
A look at the stock’s price movement, the close in the last trading session was $34.69, moving within a range at $34.2 and $35.99. The beta value (5-Year monthly) was 2.124. Turning to its 52-week performance, $53.85 and $14.03 were the 52-week high and 52-week low respectively. Overall, LMND moved -5.67% over the past month.
Lemonade Inc’s market cap currently stands at around $2.51 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 144.98M for the company’s revenue for the quarter, with a low and high estimate of 143M and 149.9M respectively. The average forecast suggests up to a 21.73% 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 661.08M, representing a 25.56% 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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend LMND as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LMND’s current price about -0.60% and 0.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.08, while 7-day volatility ratio is 6.24% and 10.66% in the 30-day chart. Further, Lemonade Inc (LMND) has a beta value of 2.10, and an average true range (ATR) of 3.20. Analysts have given the company’s stock an average 52-week price target of $42, forecast between a low of $20 and high of $60. Looking at the price targets, the low is 41.98% off current price level while to achieve the yearly target high, price needs to move -74.06%. Nonetheless, investors will most likely welcome a -21.85% jump to $42 which is the analysts’ median price.
If we refocus on Lemonade Inc (NYSE:LMND), historical trading data shows that trading volumes averaged 1.97 over the past 10 days and 2.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 72.72 million shares.
The 25.35% of Lemonade Inc’s shares are in the hands of company insiders while institutional holders own 46.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.24 million on 2025-02-28, giving us a short ratio of 6.18. The data shows that as of 2025-02-28 short interest in Lemonade Inc (LMND) stood at 3040.9999999999995 of shares outstanding, with shares short rising to 16.11 million registered in 2025-01-31. Current price change has pushed the stock -6.03% 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.
