Porch Group Inc (NASDAQ:PRCH) traded at $5.21 at close of the session on current trade day and made an upward move of 8.32% on its previous day’s price.
Porch Group Inc has a market cap of $532.63 million and is expected to release its quarterly earnings report in March.
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 50% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 14.93% off its SMA20 and 7.21% from its 50-day simple moving average. The RSI (14) is pointing at 64.14 while the volatility over the past week is 9.29% and jumps to 7.54% over the past one month. The beta value is 2.13, while the average true range (ATR) is currently pointing at 0.38. 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 23.22% and 23.22% off the current price level respectively, although investors could be excited at the prospect of a 23.22% if the PRCH share price touches on the median price of $4.
