Porch Group Inc. (NASDAQ: PRCH) is 33.57% higher on its value in year-to-date trading and has touched a low of $9.15 and a high of $24.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRCH stock was last observed hovering at around $20.71 in the last trading session, with the day’s loss setting it -1.65% off its average median price target of $24.50 for the next 12 months. It is also 23.76% off the consensus price target high of $25.00 offered by 2 analysts, but current levels are 20.58% higher than the price target low of $24.00 for the same period.
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Currently trading at $19.06, the stock is -0.42% and 18.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.74 million and changing -7.97% at the moment leaves the stock 61.40% off its SMA200. PRCH registered a gain of 83.71% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $17.67 and a 200-day simple moving average (SMA200) of $12.61.
The stock witnessed a 10.49% loss in the last 1 month and extending the period to 3 months gives it a 88.34%, and is -14.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.70% over the week and 9.45% over the month.
Distance from 52-week low is 108.31% and -21.92% from its 52-week high.
Porch Group Inc. (PRCH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Porch Group Inc. (PRCH) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Porch Group Inc. quarterly earnings per share for the current quarter are estimated at -$0.59 with sales reaching $18.92M over the same period..
Porch Group Inc. (PRCH) Top Institutional Holders
53 institutions hold shares in Porch Group Inc. (PRCH), with 5.4M shares held by insiders accounting for 22.18% while institutional investors hold 33.43% of the company’s shares. The shares outstanding are 21.56M, and float is at 18.88M with Short Float at 34.82%. Institutions hold 26.01% of the Float.