Porch Group Inc (NASDAQ: PRCH) is -58.60% lower 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 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 $1.19 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $1.27, the stock is -18.98% and -24.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing 7.14% at the moment leaves the stock -48.25% off its SMA200. PRCH registered 48.29% gain for a year compared to 6-month loss of -54.95%.
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The stock witnessed a -36.88% gain in the last 1 month and extending the period to 3 months gives it a -48.80%, and is -1.92% 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 10.64% over the week and 13.13% over the month.
Porch Group Inc (PRCH) has around 895 employees, a market worth around $126.47M and $470.45M in sales. Profit margin for the company is -18.26%. Distance from 52-week low is 157.58% and -73.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.67%).
The EPS is expected to grow by 28.49% this year
131.0 institutions hold shares in Porch Group Inc (PRCH), with institutional investors hold 61.15% of the company’s shares. The shares outstanding are 97.06M, and float is at 75.86M with Short Float at 12.67%. Institutions hold 49.19% of the Float.
The top institutional shareholder in the company is GRANAHAN INVESTMENT MANAGEMENT, LLC with over 11.0 million shares valued at $47.41 million. The investor’s holdings represent 11.353 of the PRCH Shares outstanding. As of 2024-03-31, the second largest holder is FIDELITY NATIONAL FINANCIAL, INC. with 4.23 million shares valued at $18.23 million to account for 4.3656 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.69 million shares representing 3.8041 and valued at over $15.89 million, while FMR LLC holds 3.3922 of the shares totaling 3.29 million with a market value of $14.17 million.
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 15,000 shares of the company’s common stock on Jun 06 ’24 at a price of $2.02 per share for a total of $30305.0. Following the sale, the insider now owns 0.3 million shares.
Porch Group Inc disclosed in a document filed with the SEC on Mar 26 ’24 that Tabak Shawn (CHIEF FINANCIAL OFFICER) sold a total of 19,040 shares of the company’s common stock. The trade occurred on Mar 26 ’24 and was made at $4.04 per share for $76956.0. Following the transaction, the insider now directly holds 0.29 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).
