Porch Group Inc (NASDAQ:PRCH) traded at $4.66 at close of the session on Monday, April 21 and made a downward move of -11.91% on its previous day’s price.
Looking at the stock we see that its previous close was $5.29 and the beta (5Y monthly) reads 2.147 with the day’s price range being $4.645 – $5.225. In terms of its 52-week price range, PRCH has a high of $8.48 and a low of $1.05. The company’s stock has lost about -27.19% over that past 30 days.
Porch Group Inc has a market cap of $474.17 million and is expected to release its quarterly earnings report on 2025-Feb-24.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 79.44M, with a low of 74.87M and a high of 84.77M. The median projection represents growth adding up to -31.19% 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 399.07M, or -8.86% down 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 50% Buy.
Looking further, we note the current price level is -24.91% off its SMA20 and -20.88% from its 50-day simple moving average. The RSI (14) is pointing at 36.36 while the volatility over the past week is 8.39% and jumps to 11.53% over the past one month. The beta value is 2.48, while the average true range (ATR) is currently pointing at 0.66. 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 14.16% and 14.16% off the current price level respectively, although investors could be excited at the prospect of a 14.16% 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 2.49 million, while that of the preceding 10-day period stands at 2.26 million. Current shares outstanding are 119.80 million.
The insiders hold 41.06% of the company’s shares while institutions hold 56.37%. The data shows that short shares as of 2025-03-31, stood at 10.35 million at a short ratio of 3.92. This represents a 1478.00 short interest in shares outstanding on 2025-03-31. Shares short fall in March from the previous month at 10.42 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -5.28% down in year-to-date price movement.
