A share price of Lemonade Inc [LMND] is currently trading at $22.09, down -2.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The LMND shares have gain 12.76% over the last week, with a monthly amount glided 36.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lemonade Inc [NYSE: LMND] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Market Perform rating and assigned the stock a price target of $17. Previously, Oppenheimer downgraded its rating to Perform on December 01, 2023. On June 20, 2023, Morgan Stanley initiated with a Underweight rating and assigned a price target of $14 on the stock. BMO Capital Markets started tracking the stock assigning a Underperform rating and suggested a price target of $10 on January 20, 2023. Keefe Bruyette initiated its recommendation with a Mkt Perform and recommended $24 as its price target on November 17, 2022. Piper Sandler downgraded its rating to Neutral for this stock on July 18, 2022, and downed its price target to $20. In a note dated November 19, 2021, Jefferies initiated an Underperform rating and provided a target price of $49 on this stock.
Lemonade Inc experienced fluctuations in its stock price throughout the past year between $10.27 and $24.81. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Lemonade Inc [NYSE: LMND] shares were valued at $22.09 at the most recent close of the market. An investor can expect a potential drop of -20.78% based on the average LMND price forecast.
Analyzing the LMND fundamentals
Trailing Twelve Months sales for Lemonade Inc [NYSE:LMND] were 380.10M which represents 25.77% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.51%, Pretax Profit Margin comes in at -0.51%, and Net Profit Margin reading is -0.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.3 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.60 points at the first support level, and at 21.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.77, and for the 2nd resistance point, it is at 23.46.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lemonade Inc [NYSE:LMND] is 4.38. Considering the valuation of this stock, the price to sales ratio is 4.10, the price to book ratio is 2.30.
Transactions by insiders
Recent insider trading involved BIXBY TIMOTHY E, Chief Financial Officer, that happened on Jun 14 ’24 when 5000.0 shares were purchased. Chief Financial Officer, BIXBY TIMOTHY E completed a deal on Jun 13 ’24 to buy 15000.0 shares. Meanwhile, Chief Financial Officer BIXBY TIMOTHY E sold 2077.0 shares on Jun 04 ’24.
