Lemonade Inc (NYSE:LMND) shares, rose in value on Wednesday, November 20, with price up by 16.04% to the previous day’s close as strong demand from buyers drove the stock to $46.58.
Actively observing the price movement in the last trading, the stock closed the session at $40.14, falling within a range of $42.48 and $48.15. The value of beta (5-year monthly) was 1.677. Referring to stock’s 52-week performance, its high was $40.49, and the low was $14.03. On the whole, LMND has fluctuated by 149.89% over the past month.
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With the market capitalization of Lemonade Inc currently standing at about $3.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 522.98M, with a low estimate of 144M and a high estimate of 145.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 144.97M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LMND’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of LMND currently trading nearly 66.66% and 114.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 86.66, while the 7-day volatility ratio is showing 11.81% which for the 30-day chart, stands at 8.89%. Furthermore, Lemonade Inc (LMND)’s beta value is 1.81, and its average true range (ATR) is 2.84.
A comparison of Lemonade Inc (LMND) with its peers suggests the former has fared considerably weaker in the market. LMND showed an intraday change of 16.04% in last session, and over the past year, it grew by 175.30%%.
Data on historical trading for Lemonade Inc (NYSE:LMND) indicates that the trading volumes over the past 10 days have averaged 3.17 and over the past 3 months, they’ve averaged 1.66 million. According to company’s latest data on outstanding shares, there are 70.16 million shares outstanding.
Nearly 27.69% of Lemonade Inc’s shares belong to company insiders and institutional investors own 41.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.65 million shares as on 2024-10-31, resulting in a short ratio of 9.95. According to the data, the short interest in Lemonade Inc (LMND) stood at 3012.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 16.17 million. The stock has risen by 188.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LMND stock heading into the next quarter.
