Investors could debate whether or not we're in a bull market right now. But leaving technicalities aside, the S&P 500 is up close to 15% this year, and while it gave back some of its earlier gains that were close to a bull market from all perspectives, it's held on to most of its year-to-date gains.

Many stocks have soared this year and plateaued, just like the broader market. But Lemonade (NYSE: LMND) stock is down again after disappointing investors in the second quarter, giving up all of its year-to-date gains to be flat in 2023.

That means you haven't missed out on Lemonade's potential, and at the current price, it's a real bargain.

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Source Fool.com