Lemonade Inc (LMND) average volume reaches $1.82M: Is Wall Street expecting a rally?

Lemonade Inc (NYSE: LMND) kicked off on Tuesday, down -3.69% from the previous trading day, before settling in for the closing price of $17.89. Over the past 52 weeks, LMND has traded in a range of $10.27-$24.81.

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Financial Sector giant saw their annual sales surged by 87.96% over the last five years. While this was happening, its average annual earnings per share was recorded 8.33%. With a float of $50.69 million, this company’s outstanding shares have now reached $70.16 million.

The firm has a total of 1258 workers. Let’s measure their productivity.

Lemonade Inc (LMND) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Insurance – Property & Casualty Industry. The insider ownership of Lemonade Inc is 28.11%, while institutional ownership is 39.05%. The most recent insider transaction that took place on Mar 11 ’24, was worth 5,139. In this transaction Chief Business Officer of this company sold 290 shares at a rate of $17.72, taking the stock ownership to the 9,522 shares. Before that another transaction happened on Mar 06 ’24, when Company’s Chief Financial Officer bought 10,000 for $16.54, making the entire transaction worth $165,400. This insider now owns 10,000 shares in total.

Lemonade Inc (LMND) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 8.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.50% during the next five years compared to -29.47% drop over the previous five years of trading.

Lemonade Inc (NYSE: LMND) Trading Performance Indicators

Take a look at Lemonade Inc’s (LMND) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.37.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.40, a number that is poised to hit -0.81 in the next quarter and is forecasted to reach -2.62 in one year’s time.

Technical Analysis of Lemonade Inc (LMND)

Analysing the last 5-days average volume posted by the [Lemonade Inc, LMND], we can find that recorded value of 1.47 million was lower than the volume posted last year of 1.77 million. As of the previous 9 days, the stock’s Stochastic %D was 76.39%. Additionally, its Average True Range was 0.86.

During the past 100 days, Lemonade Inc’s (LMND) raw stochastic average was set at 31.64%, which indicates a significant decrease from 55.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.05% in the past 14 days, which was lower than the 79.12% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.87, while its 200-day Moving Average is $15.96. Now, the first resistance to watch is $17.85. This is followed by the second major resistance level at $18.47. The third major resistance level sits at $18.94. If the price goes on to break the first support level at $16.76, it is likely to go to the next support level at $16.29. Should the price break the second support level, the third support level stands at $15.67.

Lemonade Inc (NYSE: LMND) Key Stats

The company with the Market Capitalisation of 1.21 billion has total of 70,502K Shares Outstanding. Its annual sales at the moment are 429,800 K in contrast with the sum of -236,900 K annual income. Company’s last quarter sales were recorded 115,500 K and last quarter income was -42,400 K.