Is Lemonade Inc (NYSE: LMND) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Lemonade Announces Extension of CAC Financing Agreement with General Catalyst.

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Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $17.18 and fluctuated between $17.83 as its day high and $16.82 as its day low. The current market capitalization of Lemonade Inc is $1.20B. A total of 1.18 million shares were traded on the day, compared to an average of 2.10M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LMND has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 6 SELLs from insiders. Insiders purchased 249,600 shares during that period but sold 11,993,004.

In the most recent transaction, Peters John Sheldon sold 5,000 shares of LMND for 20.00 per share on Jul 17. After the transaction, the Chief Insurance Officer now owns 47,784 company shares. In a previous transaction on Jun 05, BIXBY TIMOTHY E sold 1,474 shares at 18.26 per share. LMND shares that Chief Financial Officer owns now total 268,581.

Among the insiders who sold shares, Peters John Sheldon disposed of 538 shares on Jun 05 at a per-share price of $18.26. This resulted in the Chief Insurance Officer holding 47,784 shares of LMND after the transaction. In another insider transaction, BIXBY TIMOTHY E sold 1,945 shares at $14.94 per share on Mar 07. Company shares held by the Chief Financial Officer now total 270,055.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, LMND has a high of $24.81 and a low of $10.27.

As of this writing, LMND has an earnings estimate of -$0.8 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.71 per share and a lower estimate of -$0.86. The company reported an EPS of -$0.97 in the last quarter, which was 5.80% higher than expectations of -$1.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LMND’s latest balance sheet shows that the firm has $1.07B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $10.40, while its Total Shareholder’s Equity was $988.20M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LMND is Buy with a score of 2.82.

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