While Lemonade Inc has underperformed by -2.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LMND rose by 45.76%, with highs and lows ranging from $25.98 to $13.16, whereas the simple moving average jumped by 34.92% in the last 200 days.
On January 10, 2024, TD Cowen started tracking Lemonade Inc (NYSE: LMND) recommending Market Perform. A report published by Oppenheimer on December 01, 2023, Downgraded its rating to ‘Perform’ for LMND. Morgan Stanley also rated LMND shares as ‘Underweight’, setting a target price of $14 on the company’s shares in an initiating report dated June 20, 2023. BMO Capital Markets Initiated an Underperform rating on January 20, 2023, and assigned a price target of $10. Keefe Bruyette initiated its ‘Mkt Perform’ rating for LMND, as published in its report on November 17, 2022. Piper Sandler’s report from July 18, 2022 suggests a price prediction of $20 for LMND shares, giving the stock a ‘Neutral’ rating. Jefferies also rated the stock as ‘Underperform’.
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Analysis of Lemonade Inc (LMND)
Further, the quarter-over-quarter increase in sales is 15.13%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Lemonade Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -32.52% is sufficient for you to turn a profit off your investment.
An average volume of 1.37M can be a very valuable indicator of volatility for LMND stock. On a monthly basis, the volatility of the stock is set at 5.78%, whereas on a weekly basis, it is put at 9.93%, with a gain of 26.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.25, showing decline from the present price of $23.57, which can serve as yet another indication of whether LMND is worth investing in or should be passed over.
How Do You Analyze Lemonade Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.66%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 42.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LMND shares are owned by institutional investors to the tune of 42.07% at present.
