The trading price of Lemonade, Inc. (NYSE:LMND) floating lower at last check on Tuesday, Feb 23, closing at $137.25, -8.07% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $113.59 and $133.63. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $188.3 and a 52-week low of $44.11. Over the past month, the stock has suffered -7.38% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LMND a recommendation rating is 6. Out of them, 3 rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Lemonade, Inc. (LMND) as Underperform, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that LMND’s price is currently -16.13% off the SMA20 and -7.75% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.99, and weekly volatility stands at 7.72%. When measured over the past 30 days, the indicator reaches 9.11%. Lemonade, Inc. (NYSE:LMND)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 13.25. With analysts defining $56-$163 as the low and high price targets, we arrive at a consensus price target of $103.5 for the trailing 12-month period. The current price is about -55.62% off the estimated low and 29.18% off the forecast high, based on this estimate. Investors will be thrilled if LMND’s share price rises to $97.5, which is the median consensus price. At that level, LMND’s share price would be -22.73% above current price.
To see how Lemonade, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: LMND stock’s performance was -8.07% at last check in today’s session, and 0% in the past year, while Cigna Corp (CI) has been trading +1.31% in recent session and positioned -3.7% lower than it was a year ago. Another comparable company Prudential Public Ltd Company (PUK) saw its stock trading -0.38% lower in today’s session but was up +3.86% in a year. Furthermore, Metlife Inc (MET) showed a decline of -8.07% today while its price kept declining at 0% over the past year. Lemonade, Inc. has a P/E ratio of 0, compared to Cigna Corp’s 14.66 and Prudential Public Ltd Company’s 39.63. Also during today’s trading, the S&P 500 Index has soared -0.93%, while the Dow Jones Industrial also saw a negative seesion, down -0.54% today.
An evaluation of the daily trading volume of Lemonade, Inc. (NYSE:LMND) indicates that the 3-month average is 4.17 Million. However, this figure has declined over the past 10 days to an average of 2.46 Million.
Currently, records show that 56.59 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 33.34% of outstanding shares, whereas institutions hold 29.38%. The stats also highlight that short interest as of January 28, 2021, stood at 3.88 Million shares, resulting in a short ratio of 0.69 at that time. From this, we can conclude that short interest is 6.85% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 8.28 Million. However, since the stock’s price has seen +12.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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