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1 Reason Lemonade Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague

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1 Reason Lemonade Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague: https://g.foolcdn.com/editorial/images/745068/fintech-payment-app-hands-smartphone.jpg

Lemonade (NYSE: LMND) shares have been under immense pressure recently, down 40% since the start of August (as of Aug. 24). This downward trend was propelled by a second-quarter earnings announcement that wasn't well received by shareholders.

The insurance stock currently trades at a price-to-sales ratio of 2.6. That's close to as cheap as they've ever been, so investors might be intrigued by the opportunity to buy a company focused on artificial intelligence (AI).

Let's take a look at one compelling reason that investors should buy Lemonade stock, as well as one reason to avoid it.

Source Fool.com

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