Porch Group Inc (PRCH) Stock: A Value Analysis

Moreover, the 36-month beta value for PRCH is 2.16. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for PRCH is 74.93M and currently, short sellers hold a 12.49% of that float. On April 03, 2024, PRCH’s average trading volume was 1.69M shares.

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PRCH) stock’s latest price update

The stock price of Porch Group Inc (NASDAQ: PRCH) has surged by 6.61 when compared to previous closing price of 4.01, but the company has seen a 15.23% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-08 that Porch Group, Inc. (NASDAQ:PRCH ) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Lois Perkins – Investor Relations Matt Ehrlichman – Chief Executive Officer, Chairman and Founder Shawn Tabak – Chief Financial Officer Matthew Neagle – Chief Operating Officer Jim Weld – General Manager, Rynoh Conference Call Participants Daniel Kurnos – Benchmark Company John Campbell – Stephens Josh Siegler – Cantor Fitzgerald Danny Pfeiffer – JPMorgan Ryan Tomasello – KBW Jason Kreyer – Craig-Hallum Lois Perkins Good afternoon, everyone and thank you for participating in Porch Group’s Fourth Quarter 2023 Conference Call. Today, we issued our fourth quarter earnings release and related Form 8-K to the SEC.

PRCH’s Market Performance

Porch Group Inc (PRCH) has seen a 15.23% rise in stock performance for the week, with a 31.94% gain in the past month and a 40.62% surge in the past quarter. The volatility ratio for the week is 10.52%, and the volatility levels for the past 30 days are at 11.07% for PRCH. The simple moving average for the last 20 days is 14.35% for PRCH stock, with a simple moving average of 138.21% 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 15, 2023 of the previous 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 37.75% 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 -5.00% of loss for the given period.

Volatility was left at 11.07%, however, over the last 30 days, the volatility rate increased by 10.52%, as shares surge +43.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +74.39% upper at present.

During the last 5 trading sessions, PRCH rose by +14.69%, which changed the moving average for the period of 200-days by +189.46% in comparison to the 20-day moving average, which settled at $3.80. In addition, Porch Group Inc saw 38.80% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PRCH starting from Tabak Shawn, who sale 19,040 shares at the price of $4.04 back on Mar 26 ’24. After this action, Tabak Shawn now owns 292,311 shares of Porch Group Inc, valued at $76,956 using the latest closing price.

Tabak Shawn, the CHIEF FINANCIAL OFFICER of Porch Group Inc, sale 25,678 shares at $4.00 during a trade that took place back on Mar 21 ’24, which means that Tabak Shawn is holding 311,351 shares at $102,743 based on the most recent closing price.

Stock Fundamentals for PRCH

Current profitability levels for the company are sitting at:

  • -0.41 for the present operating margin
  • 0.49 for the gross margin

The net margin for Porch Group Inc stands at -0.31. The total capital return value is set at -0.4. Equity return is now at value -613.39, with -13.75 for asset returns.

Based on Porch Group Inc (PRCH), the company’s capital structure generated 1.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.18. The debt to equity ratio resting at -12.26. The interest coverage ratio of the stock is -5.51.

Currently, EBITDA for the company is -64.62 million with net debt to EBITDA at -1.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.3. The receivables turnover for the company is 3.99for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.

Conclusion

To wrap up, the performance of Porch Group Inc (PRCH) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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