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Porch Group Inc (PRCH) Volatility At 9.57%, Should You Add A Position?

Porch Group Inc (NASDAQ: PRCH) is 10.06% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $4.78 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 $3.19 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $3.39, the stock is 0.24% and -6.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing 6.27% at the moment leaves the stock 62.34% off its SMA200. PRCH registered 267.44% gain for a year compared to 6-month gain of 380.44%.

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The stock witnessed a -19.86% loss in the last 1 month and extending the period to 3 months gives it a 41.25%, and is 2.11% up 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 9.57% over the week and 7.91% over the month.

Porch Group Inc (PRCH) has around 895 employees, a market worth around $332.90M and $458.38M in sales. Profit margin for the company is -23.68%. Distance from 52-week low is 584.85% and -29.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.96%).

The EPS is expected to grow by 56.60% this year

The shares outstanding are 97.06M, and float is at 75.32M with Short Float at 10.36%.

Porch Group Inc (PRCH) Insider Activity

The most recent transaction is an insider sale by Tabak Shawn, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Tabak Shawn sold 19,040 shares of the company’s common stock on Mar 26 ’24 at a price of $4.04 per share for a total of $76956.0. Following the sale, the insider now owns 0.29 million shares.

Porch Group Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Tabak Shawn (CHIEF FINANCIAL OFFICER) sold a total of 25,678 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $4.00 per share for $0.1 million. Following the transaction, the insider now directly holds 0.31 million shares of the PRCH stock.

Still, SEC filings show that on Mar 20 ’24, Tabak Shawn (CHIEF FINANCIAL OFFICER) disposed off 30,282 shares at an average price of $3.86 for $0.12 million. The insider now directly holds 337,029 shares of Porch Group Inc (PRCH).

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