Is the Worst Over for Lemonade?

When insurance company Lemonade (NYSE: LMND) debuted on the New York Stock Exchange in July 2020, there was a lot of excitement. The stock price more than doubled on its first day of trading to about $69 per share. A little more than 14 months later, on Sept. 20, Lemonade is trading at about $70 per share -- but it has been a wild ride to get there, as it soared to over $160 per share in January of this year and peaked at around $188 in February.

Since then, it has plunged considerably and is currently down almost 43% year to date. Is the worst over for Lemonade?

Image source: Getty Images.

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Source Fool.com