Porch Group Inc (NASDAQ:PRCH) traded at $5.34 at close of the session on Tuesday, December 17 and made a downward move of -8.25% on its previous day’s price.
Looking at the stock we see that its previous close was $5.82 and the beta (5Y monthly) reads 1.967 with the day’s price range being $5.13 – $5.93. In terms of its 52-week price range, PRCH has a high of $6.03 and a low of $1.05. The company’s stock has gained about 79.19% over that past 30 days.
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Porch Group Inc has a market cap of $540.58 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 110.3M, with a low of 106.94M and a high of 113.91M. The median projection represents growth adding up to -3.76% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 447.79M, or 4.06% up from figures reported last year.
On the other hand, looking at the outlook for the PRCH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 18.56% off its SMA20 and 76.00% from its 50-day simple moving average. The RSI (14) is pointing at 63.51 while the volatility over the past week is 11.04% and jumps to 12.41% over the past one month. The beta value is 2.11, while the average true range (ATR) is currently pointing at 0.56. The average price target for the stock over the next 12 months is $4, with the estimates having a low of $4 and a high of $4. These price ends are 25.09% and 25.09% off the current price level respectively, although investors could be excited at the prospect of a 25.09% if the PRCH share price touches on the median price of $4.
Coming back to Porch Group Inc (NASDAQ:PRCH), we note that the average 3-month trading volume was 2.34 million, while that of the preceding 10-day period stands at 3.99 million. Current shares outstanding are 118.90 million.
The insiders hold 41.05% of the company’s shares while institutions hold 51.51%. The data shows that short shares as of 2024-11-29, stood at 8.17 million at a short ratio of 2.8. This represents a 1174.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 9.24 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 73.38% up in year-to-date price movement.
