Is Lemonade Stock Cheap or Expensive Now?

Lemonade (NYSE: LMND) has now fallen by more than 70% since reaching an all-time high earlier in 2021, but by some metrics is still an expensive stock. In this Fool Live video clip, recorded on Nov. 18, Fool.com contributors Matt Frankel and Dan Caplinger discuss whether Lemonade's stock is cheap or expensive now, and what investors should keep in mind. Dan Caplinger: Growth investors aren't used to thinking in terms of some of the financial metrics that you have to dig into when you have an insurance company.