Porch Group Inc. (NASDAQ:PRCH) saw a downside of -2.36% to $1.24 after subtracting -$0.03 on Monday. The 5-day average trading volume is 634,991 shares of the company’s common stock. It has gained $1.3700 in the past week and touched a new high 1 time within the past 5 days. An average of 882,173 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,189,209.
PRCH’s 1-month performance is -7.46% or -$0.0900 on its low of $1.1400 reached on 07/27/23. The company’s shares have touched a 52-week low of $0.79 and high of $3.99, with the stock’s rally to the 52-week high happening on 02/08/23. YTD, PRCH has lost -34.04% or -$0.6300 and has reached a new high 13 times. However, the current price is down -68.92% from the 52-week high price.
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Insider Transactions
PRCH stock investors last saw insider trading activity on May 17.Park West Asset Management LLC (10% Owner) most recently sold 2,600,000 shares at $1.27 per share on Apr 17. This transaction cost the insider $3,302,000.
Valuation Metrics
PRCH stock has a beta of 0.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.40 while the price-to-book (PB) in the most recent quarter is 2.58.
Porch Group Inc.’s quick ratio for the period ended March 30 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending March 30 was 9.39, while the total debt to equity was 9.62. In terms of profitability, the gross margin trailing 12 months is 54.20%. The trailing 12-month EBITDA margin is -22.41% while for the period ending March 30, Porch Group Inc.’s operating margin was -63.20%. The firm’s gross profit as reported stood at $168.37 million against revenue of $275.95 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Porch Group Inc.’s cash and short-term investments amounted to $34.44 million against total debt of $438.36 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 85.03% to -$38.74 million, while revenue of -$38.0 million was 1.91% off the previous quarter. Analysts expected PRCH to announce -$0.35 per share in earnings in its latest quarter, but it posted -$0.41, representing a -17.10% surprise. EBITDA for the quarter stood at more than -$32.32 million. PRCH stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 971.44 million, with total debt at $438.36 million. Shareholders hold equity totaling $97.82 million.
Let’s look briefly at Porch Group Inc. (PRCH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 43.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 75.82%.
The stock’s 5-day moving average is $1.2840, reflecting a -8.09% or -$0.1100 change from its current price. PRCH is currently trading -13.19% above its 20-day SMA, -26.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.57% and SMA200 by-23.31%.
Stochastic %K and %D was 30.38% and 34.60% and the average true range (ATR) pointed at 0.0906. The RSI (14) points at 45.40%, while the 14-day stochastic is at 27.85% with the period’s ATR at 0.0988. The stock’s 9-day MACD Oscillator is pointing at -0.0100 and -0.0318 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Porch Group Inc. (NASDAQ: PRCH), Loop Capital downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for PRCH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PRCH as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is PRCH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.40 and a high of $14.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Porch Group Inc. (PRCH) stock is $5.49.
