Porch Group Inc (PRCH) concluded trading on 12/21/23 at a closing price of $3.03, with 2.17 million shares of worth about $6.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 148.36% during that period and on Thursday the price saw a gain of about 12.64%. Currently the company’s common shares owned by public are about 98.46M shares, out of which, 75.81M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 61 times over the past 12 months. They bought 4,771,716 shares in 39 of the transactions. In 22 selling transactions, insiders dumped 2,745,744 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Porch Group Inc (NASDAQ: PRCH) started trading at $2.80, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 3.0300, or with a gain of 12.64%. Stock saw a price change of 18.36% in past 5 days and over the past one month there was a price change of 131.30%. Year-to-date (YTD), PRCH shares are showing a performance of 61.17% which increased to 61.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $3.99 during that period. The average intraday trading volume for Porch Group Inc shares is 1.38 million. The stock is currently trading 51.77% above its 20-day simple moving average (SMA20), while that difference is up 135.05% for SMA50 and it goes to 155.65% higher than SMA200.
Porch Group Inc (NASDAQ: PRCH) currently have 98.46M outstanding shares and institutions hold larger chunk of about 47.33% of that.
The stock has a current market capitalization of $299.58M and its 3Y-monthly beta is at 1.92. It has posted earnings per share of -$1.74 in the same period. It has Quick Ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRCH, volatility over the week remained 11.60% while standing at 12.52% over the month.
Analysts are in expectations that Porch Group Inc (PRCH) stock would likely to be making an EPS of -$0.2 in the current quarter, while forecast for next quarter EPS is -$0.27 and it is -$0.81 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.31 which is -$0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.36 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.13% while it is estimated to increase by 43.83% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Porch Group Inc (PRCH)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 9 Wall Street analysts, 6 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on March 15, 2023 offering a Hold rating for the stock and assigned a target price range of between $4 and $2 to it.
