Porch Group Inc (NASDAQ:PRCH) price on Friday, November 15, fall -4.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.98.
A look at the stock’s price movement, the close in the last trading session was $3.11, moving within a range at $2.88 and $3.32. The beta value (5-Year monthly) was 1.967. Turning to its 52-week performance, $4.78 and $1.05 were the 52-week high and 52-week low respectively. Overall, PRCH moved 96.05% over the past month.
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Porch Group Inc’s market cap currently stands at around $301.67 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-05.
Analysts have a consensus estimate of 110.25M for the company’s revenue for the quarter, with a low and high estimate of 106.94M and 113.63M respectively. The average forecast suggests down to a -3.81% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 447.75M, representing a 4.06% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PRCH is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend PRCH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PRCH’s current price about 30.30% and 67.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.39, while 7-day volatility ratio is 16.96% and 16.09% in the 30-day chart. Further, Porch Group Inc (PRCH) has a beta value of 2.03, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -34.23% off current price level while to achieve the yearly target high, price needs to move -34.23%. Nonetheless, investors will most likely welcome a -34.23% jump to $4 which is the analysts’ median price.
If we refocus on Porch Group Inc (NASDAQ:PRCH), historical trading data shows that trading volumes averaged 3.6 over the past 10 days and 1.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 97.06 million shares.
The 41.34% of Porch Group Inc’s shares are in the hands of company insiders while institutional holders own 51.52% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.24 million on 2024-10-31, giving us a short ratio of 5.2. The data shows that as of 2024-10-31 short interest in Porch Group Inc (PRCH) stood at 1343.0001 of shares outstanding, with shares short falling to 9.82 million registered in 2024-09-30. Current price change has pushed the stock -3.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRCH stock continues to rise going into the next quarter.
