Porch Group Inc (NASDAQ: PRCH) is 28.57% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $4.30 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 $3.81 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $3.96, the stock is 19.48% and 38.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 3.94% at the moment leaves the stock 136.05% off its SMA200. PRCH registered 250.44% gain for a year compared to 6-month gain of 400.95%. The firm has a 50-day simple moving average (SMA 50) of $1.23 and a 200-day simple moving average (SMA200) of -$6.85.
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The stock witnessed a 27.74% loss in the last 1 month and extending the period to 3 months gives it a 63.64%, and is -1.49% 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 10.27% over the week and 11.26% over the month.
Porch Group Inc (PRCH) has around 895 employees, a market worth around $391.53M and $430.30M in sales. Profit margin for the company is -31.13%. Distance from 52-week low is 700.00% and -7.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.36%).
Porch Group Inc quarterly earnings per share for the current quarter are estimated at -$0.36 with sales reaching $103.25M over the same period.The EPS is expected to grow by 32.77% this year, but quarterly earnings will post 5.80% year-over-year. Quarterly sales are estimated to grow 18.20% in year-over-year returns.
112 institutions hold shares in Porch Group Inc (PRCH), with institutional investors hold 71.08% of the company’s shares. The shares outstanding are 97.06M, and float is at 75.84M with Short Float at 11.23%. Institutions hold 54.38% of the Float.
The top institutional shareholder in the company is Granahan Investment Management LLC with over 12.46 million shares valued at $17.19 million. The investor’s holdings represent 12.65% of the PRCH Shares outstanding. As of Jun 29, 2023, the second largest holder is Park West Asset Management LLC with 7.86 million shares valued at $10.85 million to account for 7.98% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.72 million shares representing 5.81% and valued at over $7.9 million, while St. Denis J. Villere & Company holds 5.71% of the shares totaling 5.62 million with a market value of $7.76 million.
Porch Group Inc (PRCH) Insider Activity
The most recent transaction is an insider purchase by Velasquez Camilla, the company’s Director. SEC filings show that Velasquez Camilla bought 1,969 shares of the company’s common stock on Dec 15 ’23 at a price of $2.53 per share for a total of $4982.0. Following the purchase, the insider now owns 45218.0 shares.
Porch Group Inc disclosed in a document filed with the SEC on Nov 13 ’23 that Lam Rachel (Director) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Nov 13 ’23 and was made at $1.15 per share for $2867.0. Following the transaction, the insider now directly holds 0.13 million shares of the PRCH stock.
Still, SEC filings show that on Nov 10 ’23, Lam Rachel (Director) acquired 7,500 shares at an average price of $0.97 for $7264.0. The insider now directly holds 131,275 shares of Porch Group Inc (PRCH).
