Porch Group Inc (NASDAQ: PRCH)’s stock price has decreased by -1.85 compared to its previous closing price of 3.25. However, the company has seen a -2.00% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Porch Group, Inc. (PRCH) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.39 per share a year ago.
Is It Worth Investing in Porch Group Inc (NASDAQ: PRCH) Right Now?
The stock has a 36-month beta value of 2.20. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PRCH is 75.32M, and at present, short sellers hold a 10.36% of that float. On May 09, 2024, the average trading volume of PRCH was 1.52M shares.
PRCH’s Market Performance
The stock of Porch Group Inc (PRCH) has seen a -2.00% decrease in the past week, with a -26.16% drop in the past month, and a 43.05% gain in the past quarter. The volatility ratio for the week is 5.07%, and the volatility levels for the past 30 days are at 7.00% for PRCH. The simple moving average for the past 20 days is -7.10% for PRCH’s stock, with a 53.48% simple moving average for the past 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 -12.13% 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 -33.26% of loss for the given period.
Volatility was left at 7.00%, however, over the last 30 days, the volatility rate increased by 5.07%, as shares sank -24.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.24% upper at present.
During the last 5 trading sessions, PRCH fell by -2.00%, which changed the moving average for the period of 200-days by +158.30% in comparison to the 20-day moving average, which settled at $3.38. In addition, Porch Group Inc saw 3.57% 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 1.06. 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 sum up, Porch Group Inc (PRCH) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
