With 1.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.45 million shares. The 52-week range on LMND shows that it touched its highest point at $53.85 and its lowest point at $14.03 during that stretch. It currently has a 1-year price target of $28.88. Beta for the stock currently stands at 2.15.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LMND was up-trending over the past week, with a rise of 11.30%, but this was up by 11.30% over a month. Three-month performance surged to 15.23% while six-month performance rose 115.96%. The stock gained 102.89% in the past year, while it has lost -0.38% so far this year. A look at the trailing 12-month EPS for LMND yields -3.04 with Next year EPS estimates of -2.71. For the next quarter, that number is -0.60. This implies an EPS growth rate of 10.81% for this year and 10.72% for next year. EPS is expected to grow by 18.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.47%.
Float and Shares Shorts:
At present, 71.38 million LMND shares are outstanding with a float of 52.92 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LMND since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.97224 being high and -$3.07232 being low. For LMND, this leads to a yearly average estimate of -$3.03229. Based on analyst estimates, the high estimate for the next quarter is -$0.6 and the low estimate is -$0.76. The average estimate for the next quarter is thus -$0.68.
