Porch Group Inc (NASDAQ: PRCH) is -25.97% lower on its value in year-to-date trading and has touched a low of $0.64 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 $2.10 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $2.28, the stock is 31.98% and 48.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 8.57% at the moment leaves the stock -1.38% off its SMA200. PRCH registered 230.43% gain for a year compared to 6-month loss of -28.53%. The firm has a 50-day simple moving average (SMA 50) of $1.5162 and a 200-day simple moving average (SMA200) of $2.312525.
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The stock witnessed a 63.44% gain in the last 1 month and extending the period to 3 months gives it a 108.22%, and is -5.00% 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 10.22% over the week and 12.89% over the month.
Porch Group Inc (PRCH) has around 895 employees, a market worth around $229.05M and $470.45M in sales. Profit margin for the company is -18.26%. Distance from 52-week low is 256.19% and -52.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.67%).
Porch Group Inc quarterly earnings per share for the current quarter are estimated at -0.3 with sales reaching $116.22M over the same period.The EPS is expected to grow by 28.66% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to shrink -10.30% in year-over-year returns.
141.0 institutions hold shares in Porch Group Inc (PRCH), with institutional investors hold 64.99% of the company’s shares. The shares outstanding are 97.06M, and float is at 65.33M with Short Float at 14.86%. Institutions hold 52.31% of the Float.
The top institutional shareholder in the company is GRANAHAN INVESTMENT MANAGEMENT, LLC with over 9.89 million shares valued at $14.93 million. The investor’s holdings represent 10.142 of the PRCH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.98 million shares valued at $7.52 million to account for 5.1095 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.34 million shares representing 4.4526 and valued at over $6.56 million, while FIDELITY NATIONAL FINANCIAL, INC. holds 3.5595 of the shares totaling 3.47 million with a market value of $5.24 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 Oct 28 ’24 at a price of $2.00 per share for a total of $30032.0. Following the sale, the insider now owns 0.28 million shares.
Still, SEC filings show that on Jun 06 ’24, Tabak Shawn (CHIEF FINANCIAL OFFICER) disposed off 15,000 shares at an average price of $2.02 for $30305.0. The insider now directly holds 295,142 shares of Porch Group Inc (PRCH).
