Porch Group Inc. (NASDAQ: PRCH) is -33.51% lower on its value in year-to-date trading and has touched a low of $0.79 and a high of $4.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRCH stock was last observed hovering at around $1.27 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $4.00 for the next 12 months. It is also 91.07% off the consensus price target high of $14.00 offered by 10 analysts, but current levels are 10.71% higher than the price target low of $1.40 for the same period.
Currently trading at $1.25, the stock is 19.93% and 6.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -1.57% at the moment leaves the stock -36.55% off its SMA200. PRCH registered -67.53% loss for a year compared to 6-month loss of -16.11%. The firm has a 50-day simple moving average (SMA 50) of $1.14 and a 200-day simple moving average (SMA200) of -$2.33.
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The stock witnessed a 33.13% gain in the last 1 month and extending the period to 3 months gives it a -57.34%, and is 0.00% 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 8.78% over the week and 11.14% over the month.
Porch Group Inc. (PRCH) has around 1800 employees, a market worth around $126.34M and $300.80M in sales. Profit margin for the company is -63.00%. Distance from 52-week low is 59.19% and -71.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.10%).
Porch Group Inc. (PRCH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Porch Group Inc. (PRCH) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Porch Group Inc. is expected to release its quarterly report on 08/14/2023.The EPS is expected to shrink by -41.60% this year
Porch Group Inc. (PRCH) Top Institutional Holders
The shares outstanding are 97.82M, and float is at 82.21M with Short Float at 13.72%.
Porch Group Inc. (PRCH) Insider Activity
A total of 26 insider transactions have happened at Porch Group Inc. (PRCH) in the last six months, with sales accounting for 11 and purchases happening 15 times. The most recent transaction is an insider purchase by Ehrlichman Matt, the company’s CEO, CHAIRMAN AND FOUNDER. SEC filings show that Ehrlichman Matt bought 134,462 shares of the company’s common stock on May 17 at a price of $1.18 per share for a total of $0.16 million. Following the purchase, the insider now owns 11.59 million shares.
Porch Group Inc. disclosed in a document filed with the SEC on May 16 that Ehrlichman Matt (CEO, CHAIRMAN AND FOUNDER) bought a total of 58,006 shares of the company’s common stock. The trade occurred on May 16 and was made at $1.05 per share for $61057.0. Following the transaction, the insider now directly holds 11.46 million shares of the PRCH stock.
Still, SEC filings show that on May 15, Ehrlichman Matt (CEO, CHAIRMAN AND FOUNDER) acquired 63,796 shares at an average price of $1.15 for $73340.0. The insider now directly holds 11,398,074 shares of Porch Group Inc. (PRCH).