Analysts’ Views On Porch Group Inc. (PRCH)

Porch Group Inc. (NASDAQ:PRCH) traded on Tuesday with an addition of $0.09 to $16.09, an upside of 0.56 percent. An average of 1,487,764 shares of common stock have been traded in the last five days. There was a fall of -$1.47 in the past week. The last 20 days have seen an average of 2,325,076 shares traded, while the 50-day average volume stands at 1,522,782.

PRCH stock has decreased by -27.24% in the last month. The company shares reached their 1-month lowest point of $15.90 on 10/04/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $10.03 and a high of $24.41 in 52 weeks. In spite of this, the price is down -34.08% from the 52-week high.

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Insider Transactions

7 days have passed since Porch Group Inc. (PRCH) last reported insider trading activity. Neagle Matthew, who is Chief Operating Officer, most recently acquired $4,000 shares at $18.32 per share on Sep 28. In this transaction, the insider spent $73,280. Chief Operating Officer, Neagle Matthew, disposed of 5,000 shares at a price of $19.30 on Sep 21. The insider now owns more than $96,490 worth of shares. Prior to that, Chief Operating Officer Neagle Matthew went on to Sale 1,000 shares at $19.49 each on Sep 17. An amount of $19,490 was transacted.

Valuation Metrics

Porch Group Inc. (PRCH) has a trailing price-to-earnings (P/E) ratio of 30.66 for the broader industry and 36.43 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.69, the price-to-book (PB) ratio at 6.67.

The quick ratio of Porch Group Inc. for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.19 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 71.40%. Porch Group Inc.’s EBITDA margin for the year ending June 29 is -48.02%. Its gross profit as reported stood at $54.74 million compared to revenue of $72.3 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Porch Group Inc.’s return on assets was -39.40%, compared to over the last five years. In the past year, the return on investment has been -25.60%, and the 5-year average is. Meanwhile, the return on equity (ROE) for the past 12 months has been -92.30% and the 5-year average holds at. For the broader industry, ROE averaged 4.89 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Porch Group Inc. (PRCH) price momentum. RSI 9-day as of the close on 04 October was 28.84%, suggesting the stock is oversold, with historical volatility in this time frame at 46.88%.

As of today, PRCH’s price is $16.79 -8.35% or -$1.47 from its 5-day moving average. PRCH is currently trading -29.46% lower than its 20-day SMA and +19.11% higher than its 100-day SMA. However, the stock’s current price level is -11.12% below the SMA50 and +36.78% above the SMA200.

The stochastic %K and %D were 8.43% and 14.27%, respectively, and the average true range (ATR) was 1.11. With the 14-day stochastic at 5.71% and the average true range at 1.14, the RSI (14) stands at 34.94%. The stock has reached -1.15 on the 9-day MACD Oscillator while the 14-day reading was at -1.64.

Analyst Ratings

Oppenheimer launched coverage on Porch Group Inc. (NASDAQ: PRCH) in its analyst report released on June 29, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Porch Group Inc. (PRCH) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PRCH, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is PRCH’s price target for the next 12 months?

Analysts predict a range of price targets between $25.00 and $30.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Porch Group Inc. (PRCH) stock is $28.33.


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