Porch Group Inc. (PRCH) CHIEF OPERATING OFFICER Owns Stock Worth $100000.0

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Porch Group Inc. (NASDAQ:PRCH) finished Wednesday with a subtraction of -$0.1 to close at $2.24, a downside of -4.27 percent. An average of 3,001,720 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,891,285 shares traded, while the 50-day average volume stands at 2,298,988.

PRCH stock has increased by 0.90% in the last month. The company shares reached their 1-month lowest point of $1.94 on 09/01/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.80 and a high of $27.50 in 52 weeks. It has reached a new high 1 time so far this year and lost -85.63% or -$13.35 in price. In spite of this, the price is down -91.85% from the 52-week high.


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Insider Transactions

282 days have passed since Porch Group Inc. (PRCH) last reported insider trading activity. Neagle Matthew, who is Chief Operating Officer, most recently acquired $3,000 shares at $16.43 per share on Dec 14. In this transaction, the insider spent $49,290. Chief Operating Officer, Neagle Matthew, disposed of 1,000 shares at a price of $19.49 on Dec 08. The insider now owns more than $19,490 worth of shares. Prior to that, Chief Operating Officer Neagle Matthew went on to Sale 4,500 shares at $18.73 each on Dec 07. An amount of $84,285 was transacted.

Valuation Metrics

Porch Group Inc. (PRCH) has a trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 1.09.

Financial Health

The quick ratio of Porch Group Inc. for the three months ended March 30 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.09 and a total debt to equity ratio of 2.09 for the quarter ending March 30. Its gross profit as reported stood at $133.71 million compared to revenue of $192.43 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 -5.40%.

Earnings Surprise

For the three-month period that ended March 30, Porch Group Inc. had $8.17 million in cash and short-term investments compared to $416.57 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$26.38 million in the quarter, while revenues of -$5.8 million were grew 38.21%. The analyst consensus anticipated Porch Group Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.06, a 70.00% surprise. For the quarter, EBITDA amounted to -$23.79 million. Shareholders own equity worth $99.76 million.

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 21 September was 40.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 127.40%.

As of today, PRCH’s price is $2.52 -11.46% or -$0.29 from its 5-day moving average. PRCH is currently trading -5.49% lower than its 20-day SMA and -44.28% lower than its 100-day SMA. However, the stock’s current price level is -7.05% below the SMA50 and -87.34% below the SMA200.

The stochastic %K and %D were 37.19% and 55.50%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 30.15% and the average true range at 0.29, the RSI (14) stands at 44.39%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

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 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 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 $3.50 and $16.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Porch Group Inc. (PRCH) stock is $8.50.

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