The trading price of Porch Group Inc (NASDAQ:PRCH) closed lower on Tuesday, March 04, and closing at $6.77, -2.17% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $7.19 and a 52-week low of $1.05. Over the past month, the stock has gained 52.13% in value.
Porch Group Inc, whose market valuation is $688.86 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.1 per share this quarter, however they have predicted annual earnings per share of -0.09 for current year and 0.27 for next year.
Analysts have forecast the company to bring in revenue of 79.44M for the current quarter, with the likely lows of 74.87M and highs of 84.77M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 399.07M.
On the technical side, indicators suggest PRCH has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that PRCH’s price is currently 31.60% off the SMA20 and 37.45% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.11, and weekly volatility stands at 19.19%. When measured over the past 30 days, the indicator reaches 11.22%. Porch Group Inc (NASDAQ:PRCH)’s beta value is currently sitting at 2.22, while the Average True Range indicator is currently displaying 0.66. With analysts defining $4-$4 as the low and high price targets, we arrive at a consensus price target of $4 for the trailing 12-month period. The current price is about 40.92% off the estimated low and 40.92% off the forecast high, based on this estimate. Investors will be thrilled if PRCH’s share price rises to $4, which is the median consensus price. At that level, PRCH’s share price would be 40.92% above current price.
To see how Porch Group Inc stock has been performing in comparison to its peers in the industry, here are the numbers: PRCH stock’s performance was -2.17% in the latest trading, and 102.69% in the past year.
An evaluation of the daily trading volume of Porch Group Inc (NASDAQ:PRCH) indicates that the 3-month average is 2.25 million.
Currently, records show that 119.80 million of the company’s shares remain outstanding. The insiders hold 40.53% of outstanding shares, whereas institutions hold 57.42%. However, since the stock’s price has seen 37.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
