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.

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Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. The current market capitalization of Lemonade Inc is $1.18B. A total of 1.18 million shares were traded on the day, compared to an average of 1.84M shares.

In the most recent transaction, Prosor Maya sold 290 shares of LMND for 17.72 per share on Mar 11 ’24. After the transaction, the Chief Business Officer now owns 9,522 company shares. In a previous transaction on Mar 06 ’24, BIXBY TIMOTHY E bought 10,000 shares at 16.54 per share. LMND shares that Chief Financial Officer owns now total 10,000.

Among the insiders who sold shares, BIXBY TIMOTHY E disposed of 2,161 shares on Mar 05 ’24 at a per-share price of $16.52. This resulted in the Chief Financial Officer holding 275,679 shares of LMND after the transaction. In another insider transaction, Peters John Sheldon sold 1,106 shares at $16.52 per share on Mar 05 ’24. Company shares held by the Chief Insurance Officer now total 74,967.

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 -$0.75 per share and a lower estimate of -$0.9. The company reported an EPS of -$0.88 in the last quarter, which was 6.40% higher than expectations of -$0.94.

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 $10.10, 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 2.80.

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