Porch Group Inc. (NASDAQ:PRCH) finished Wednesday with a subtraction of -$0.05 to close at $1.14, a downside of -4.20 percent. An average of 1,100,340 shares of common stock have been traded in the last five days. There was a fall of -$0.1400 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 982,930 shares traded, while the 50-day average volume stands at 1,223,406.
PRCH stock has decreased by -19.72% in the last month. The company shares reached their 1-month lowest point of $1.1350 on 08/09/23. With the stock rallying to its 52-week high on 02/08/23, shares of the company touched a low of $0.79 and a high of $3.99 in 52 weeks. It has reached a new high 13 times so far this year and lost -39.36% or -$0.7400 in price. In spite of this, the price is down -71.43% from the 52-week high.
Insider Transactions
PRCH stock investors should be aware that Porch Group Inc. (PRCH) stock had its last reported insider trading activity 115 days ago on May 17.
Valuation Metrics
Porch Group Inc. (PRCH) stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.37, the price-to-book (PB) ratio at 2.37.
Financial Health
The quick ratio of Porch Group Inc. for the recent quarter was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 9.39 and a total debt to equity ratio of 9.62 for the recent quarter. Porch Group Inc.’s EBITDA margin is -22.41%, while its operating margin for the same period stands at -63.20%. Its gross profit as reported stood at $168.37 million compared to revenue of $275.95 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 -17.80%.
Earnings Surprise
For the recent quarter, Porch Group Inc. had $34.44 million in cash and short-term investments compared to $425.38 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 -$38.74 million in the quarter, while revenues were grew 85.03%. Shareholders own equity worth $97.82 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 09 August was 32.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 80.58%.
As of today, PRCH’s price is $1.2240 -10.94% or -$0.1400 from its 5-day moving average. PRCH is currently trading -19.15% lower than its 20-day SMA and -16.18% lower than its 100-day SMA. However, the stock’s current price level is -12.31% below the SMA50 and -20.83% below the SMA200.
The stochastic %K and %D were 15.28% and 24.04%, respectively, and the average true range (ATR) was 0.0889. With the 14-day stochastic at 1.96% and the average true range at 0.0966, the RSI (14) stands at 38.59%. The stock has reached -0.0711 on the 9-day MACD Oscillator while the 14-day reading was at -0.0544.
Analyst Ratings
Loop Capital downgraded Porch Group Inc. (NASDAQ: PRCH) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Porch Group Inc. (PRCH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PRCH, while 2 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 $1.40 and $10.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Porch Group Inc. (PRCH) stock is $4.77.
