Porch Group Inc (NASDAQ: PRCH) is 34.15% higher on its value in year-to-date trading and has touched a low of $1.05 and a high of $6.03 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 $3.79 in the last trading session, with the day’s gains setting it 2.81%.
Currently trading at $6.60, the stock is 42.23% and 37.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 31.88 million and changing 74.14% at the moment leaves the stock 139.30% off its SMA200. PRCH registered 137.41% gain for a year compared to 6-month gain of 392.54%.
The stock witnessed a 53.13% loss in the last 1 month and extending the period to 3 months gives it a 85.39%, and is 27.91% 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 17.74% over the week and 9.87% over the month.
Porch Group Inc (PRCH) has around 733 employees, a market worth around $674.73M and $437.85M in sales. Fwd P/E is 28.21. Profit margin for the company is -7.50%. Distance from 52-week low is 528.57% and 9.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.07%).
with sales reaching $85.5M over the same period.The EPS is expected to grow by 78.29% this year, but quarterly earnings will post -5.22% year-over-year. Quarterly sales are estimated to shrink -25.93% in year-over-year returns.
The shares outstanding are 119.80M, and float is at 60.69M with Short Float at 17.93%.
The top institutional shareholder in the company is GRANAHAN INVESTMENT MANAGEMENT, LLC with over 9.89 million shares valued at $$14.93 million. The investor’s holdings represent 9.9701 of the PRCH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.98 million shares valued at $$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 $$6.56 million, while FIDELITY NATIONAL FINANCIAL, INC. holds 3.4992 of the shares totaling 3.47 million with a market value of $$5.24 million.
Porch Group Inc (PRCH) Insider Activity
Porch Group Inc disclosed in a document filed with the SEC on Dec 16 ’24 that Tabak Shawn (CHIEF FINANCIAL OFFICER) sold a total of 21,774 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $6.00 per share for $0.13 million. Following the transaction, the insider now directly holds 0.29 million shares of the PRCH stock.
Still, SEC filings show that on Dec 16 ’24, Tabak Shawn (Officer) Proposed Sale 21,774 shares at an average price of $5.96 for $0.13 million. The insider now directly holds shares of Porch Group Inc (PRCH).
