The stock of Porch Group Inc. (PRCH) has seen a -31.16% decrease in the past week, with a -59.35% drop in the past month, and a -25.14% decrease in the past quarter. The volatility ratio for the week is 13.34%, and the volatility levels for the past 30 days are at 10.77% for PRCH. The simple moving average for the last 20 days is -46.90% for PRCH stock, with a simple moving average of -42.06% for the last 200 days.
Is It Worth Investing in Porch Group Inc. (NASDAQ: PRCH) Right Now?
There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for PRCH is $6.00, which is $4.78 above than the current price. The public float for PRCH is 82.21M, and at present, short sellers hold a 13.13% of that float. The average trading volume of PRCH on March 16, 2023 was 1.60M shares.
PRCH) stock’s latest price update
Porch Group Inc. (NASDAQ: PRCH)’s stock price has decreased by -19.41 compared to its previous closing price of 1.70. Despite this, the company has seen a loss of -31.16% in its stock price over the last five trading days.
Analysts’ Opinion of PRCH
The stock of Porch Group Inc. (PRCH) has seen a -31.16% decrease in the past week, with a -59.35% drop in the past month, and a -25.14% decrease in the past quarter. The volatility ratio for the week is 13.34%, and the volatility levels for the past 30 days are at 10.77% for PRCH. The simple moving average for the last 20 days is -46.90% for PRCH stock, with a simple moving average of -42.06% for the last 200 days.
Analysts’ Opinion of PRCH
Many brokerage firms have already submitted their reports for PRCH stocks, with Loop Capital repeating the rating for PRCH by listing it as a “Hold.” The predicted price for PRCH in the upcoming period, according to Loop Capital is $2 based on the research report published on March 15th of the current year 2023.
Cantor Fitzgerald gave a rating of “Overweight” to PRCH, setting the target price at $8 in the report published on August 10th of the previous year.
PRCH Trading at -47.99% from the 50-Day Moving Average
After a stumble in the market that brought PRCH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.55% of loss for the given period.
Volatility was left at 10.77%, however, over the last 30 days, the volatility rate increased by 13.34%, as shares sank -60.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.13% lower at present.
During the last 5 trading sessions, PRCH fell by -31.16%, which changed the moving average for the period of 200-days by -66.17% in comparison to the 20-day moving average, which settled at $2.4735. In addition, Porch Group Inc. saw -27.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRCH starting from Park West Asset Management LLC, who purchase 407,874 shares at the price of $2.31 back on Jan 25. After this action, Park West Asset Management LLC now owns 12,267,707 shares of Porch Group Inc., valued at $940,965 using the latest closing price.
Park West Asset Management LLC, the 10% Owner of Porch Group Inc., purchase 760,000 shares at $2.46 during a trade that took place back on Jan 24, which means that Park West Asset Management LLC is holding 11,859,833 shares at $1,871,880 based on the most recent closing price.
Stock Fundamentals for PRCH
Current profitability levels for the company are sitting at:
- -41.42 for the present operating margin
- +69.48 for the gross margin
The net margin for Porch Group Inc. stands at -55.40. Equity return is now at value -74.40, with -13.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
In summary, Porch Group Inc. (PRCH) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
