We recently compiled a list of the 10 Firms Stayed Strong Amid Market Bloodbath. In this article, we are going to take a look at where Lemonade, Inc. (NYSE:LMND) stands against the other stocks.

The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.

The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.

On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.

Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.

To come up with Thursday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

An elderly couple with their arms around each other, holding a frame of life insurance.

Lemonade, Inc. (NYSE:LMND)

Lemonade, Inc. (NYSE:LMND) rallied by 12.46 percent on Thursday to finish at $35.46 apiece as investor sentiment was fueled by improved earnings performance last year.

In its latest earnings release, the insurance firm said net loss in full-year 2024 narrowed by 14.6 percent to $202 million from $236.9 million in 2023 as revenues rose by 22 percent to $526.5 million from $429.8 million.

Net loss for the fourth quarter alone shrunk by 29 percent to $30 million from $42.4 million in the same period a year earlier, as revenues grew by 28.8 percent to $148.8 million from $115.5 million.

Looking ahead, Lemonade, Inc. (NYSE:LMND) expects first quarter revenues to settle between $143 million and $145 million, while full-year revenues were pegged at $655 million to $657 million.

Overall LMND ranks 3rd on our list of Thursday's top gainers. While we acknowledge the potential of LMND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as LMND but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.