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home / news releases / MILE - Metromile: Despite Heightened Risks It's Time To Buy The Dip

MILE - Metromile: Despite Heightened Risks It's Time To Buy The Dip

Metromile Inc.
  • Metromile has fallen to all-time lows, losing more than 70% of its value since the start of the year.
  • The company has seen reduced demand for new policies as the vaccine rollout has encouraged more frequent driving.
  • At the same time, Metromile's per-mile pricing has also given the company higher premiums from elevated driving rates.
  • Accident loss ratios spiked in Q2, but it's likely a temporary phenomenon.
  • With barely over a ~$500 million market cap, Metromile is worth the risk.

For further details see:

Metromile: Despite Heightened Risks, It's Time To Buy The Dip
Stock Information
Company Name: Metromile Inc.
Stock Symbol: MILE
Market: NASDAQ
Website: metromile.com
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