Lemonade (LMND) Is Up 34.56% in One Week: What You Should Know

Company Overview - Lemonade (LMND) currently holds a Momentum Style Score of B, indicating a positive outlook based on its recent performance metrics [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, LMND shares have increased by 34.56%, significantly outperforming the Zacks Insurance - Multi line industry, which rose by 3.05% [5] - In a longer time frame, LMND's monthly price change is 49.51%, compared to the industry's 3.25% [5] - Over the last quarter, LMND shares have surged by 105.22%, and they have increased by 277.13% over the past year, while the S&P 500 has only moved 10.18% and 20.38% respectively [6] Trading Volume - The average 20-day trading volume for LMND is 3,262,195 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 5 earnings estimates for LMND have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$2.82 to -$2.68 [9] - For the next fiscal year, 5 estimates have also moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong price performance, positive earnings outlook, and favorable trading volume, LMND is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]