The trading price of Porch Group Inc (NASDAQ:PRCH) closed higher on Friday, May 02, and closing at $6.38, 3.91% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.2014 and $6.45. In examining the 52-week price action we see that the stock hit a 52-week high of $8.48 and a 52-week low of $1.05. Over the past month, the stock has lost -8.73% in value.
Porch Group Inc, whose market valuation is $649.80 million at the time of this writing, is expected to release its quarterly earnings report on 2025-Feb-24. 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 50% 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 15.22% off the SMA20 and 5.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.59, and weekly volatility stands at 6.67%. When measured over the past 30 days, the indicator reaches 10.76%. Porch Group Inc (NASDAQ:PRCH)’s beta value is currently sitting at 2.47, while the Average True Range indicator is currently displaying 0.57. 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 37.3% off the estimated low and 37.3% 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 37.3% 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 3.91% in the latest trading, and 100.00% in the past year.
An evaluation of the daily trading volume of Porch Group Inc (NASDAQ:PRCH) indicates that the 3-month average is 2.62 million. However, this figure has increased over the past 10 days to an average of 1.85.
Currently, records show that 119.80 million of the company’s shares remain outstanding. The insiders hold 41.05% of outstanding shares, whereasinstitutions hold 56.98%. The stats also highlight that short interest as of 2025-04-15, stood at 11.44 million shares, resulting in a short ratio of 4.24 at that time. From this, we can conclude that short interest is 1798.00 of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 10.13 million. However, since the stock’s price has seen 29.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
