The stock of Porch Group Inc (PRCH) has seen a -15.44% decrease in the past week, with a -8.71% drop in the past month, and a 36.43% flourish in the past quarter. The volatility ratio for the week is 7.37%, and the volatility levels for the past 30 days are at 8.90% for PRCH. The simple moving average for the past 20 days is -9.07% for PRCH’s stock, with a 93.01% simple moving average for the past 200 days.
Is It Worth Investing in Porch Group Inc (NASDAQ: PRCH) Right Now?
The 36-month beta value for PRCH is at 2.15. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PRCH is 74.86M, and currently, shorts hold a 12.12% of that float. The average trading volume for PRCH on April 15, 2024 was 1.67M shares.
PRCH) stock’s latest price update
Porch Group Inc (NASDAQ: PRCH) has experienced a decline in its stock price by -11.35 compared to its previous closing price of 4.14. However, the company has seen a fall of -15.44% in its stock price over the last five trading days. 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.
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 8.67% 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 -23.22% of loss for the given period.
Volatility was left at 8.90%, however, over the last 30 days, the volatility rate increased by 7.37%, as shares sank -2.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +56.17% upper at present.
During the last 5 trading sessions, PRCH fell by -15.44%, which changed the moving average for the period of 200-days by +200.82% in comparison to the 20-day moving average, which settled at $4.03. In addition, Porch Group Inc saw 19.16% 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 1.16. 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
In conclusion, Porch Group Inc (PRCH) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
