As of Wednesday close, Porch Group Inc.’s (NASDAQ:PRCH) stock was up $0.61, moving up 40.94 percent to $2.10. The average number of shares traded per day over the past five days has been 2,751,380 shares. 3 times new highs have been achieved over the past 5 days, with a $0.46 gain in that time frame. In the last twenty days, the average volume was 2,580,245, while in the previous 50 days, it was 2,043,310.
Since last month, PRCH stock rose 40.94%. Shares of the company fell to $0.94 on 11/09/22, the lowest level in the past month. A 52-week high of $24.21 was reached on 01/03/22 after having rallying from a 52-week low of $0.94. Since the beginning of this year, PRCH’s stock price has dropped by -86.53% or -$13.49, and marked a new high 1 time. However, the stock has declined by -91.33% since its 52-week high.
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PRCH stock investors should be aware that Porch Group Inc. (PRCH) stock had its last reported insider trading activity 3 days ago on Nov 22. Ehrlichman Matt, the CEO, CHAIRMAN AND FOUNDER of the company, purchased of 152,309 shares for $1.56 on Nov 22. It resulted in a $237,176 investment by the insider. Ehrlichman Matt added 46,508 shares at an average price of $1.63 on Nov 21. The insider now owns 9,849,858 shares following the transaction. On Nov 18, CEO, CHAIRMAN AND FOUNDER Ehrlichman Matt bought 58,132 shares at $1.66 apiece. The transaction was valued at $96,650.
In the three months ended June 29, Porch Group Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.69, and the total debt-to-equity ratio was 3.75. On the profitability front, the trailing twelve-month gross margin is 62.70% percent. In the year ended June 29, operating margins totaled -61.20%. Based on annual data, PRCH earned $133.71 million in gross profit and brought in $192.43 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.80%. Return on equity (ROE) for the past 12 months was -74.40%.
In Porch Group Inc.’s quarter-end financial report for June 29, it reported total debt of $425.01 million against cash and short-term investments of $7.21 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PRCH’s revenue rose 16.72% to $70.77 million during the quarter, while net income inched up to $75.37 million. While analysts expected Porch Group Inc. to report -$0.24 quarterly earnings, the actual figure was -$0.27 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated -$74.64 million in EBITDA. The liabilities of Porch Group Inc. were 957.36 million at the end of its most recent quarter ended June 29, and its total debt was $420.34 million. The value of shareholders’ equity is $100.56 million.
This quick technical analysis looks at Porch Group Inc.’s (PRCH) price momentum. With a historical volatility rate of 227.82%, the RSI 9-day stood at 68.25% on 23 November.
With respect to its five-day moving average, the current Porch Group Inc. price is up by +28.05% percent or $0.46. At present, PRCH shares trade +41.89% above its 20-day simple moving average and -26.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.00% below its SMA50 and -78.42% below its SMA200.
Stochastic coefficient K was 76.63% and Stochastic coefficient D was 74.53%, while ATR was 0.28. Given the Stochastic reading of 98.31% for the 14-day period, the RSI (14) reading has been calculated as 62.17%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.26.
Porch Group Inc. downgraded its rating on Porch Group Inc. (NASDAQ: PRCH) to a Neutral in a note to investors on November 09, 2022. The analysts firm previously had an Overweight rating on the stock.Porch Group Inc. (PRCH) has been rated Buy by analysts. According to 0 brokerage firms, PRCH is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Porch Group Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $4.75, the current consensus forecast for the stock is $1.40 – $14.00. Based on these forecasts, analysts predict Porch Group Inc. (PRCH) will achieve an average price target of $5.79.