The stock of Porch Group Inc (PRCH) has gone up by 9.42% for the week, with a 26.89% rise in the past month and a -0.66% drop in the past quarter. The volatility ratio for the week is 10.96%, and the volatility levels for the past 30 days are 9.89% for PRCH. The simple moving average for the past 20 days is 10.26% for PRCH’s stock, with a -38.98% simple moving average for the past 200 days.
Is It Worth Investing in Porch Group Inc (NASDAQ: PRCH) Right Now?
Company’s 36-month beta value is 2.02.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for PRCH is 79.71M, and currently, short sellers hold a 12.04% ratio of that floaft. The average trading volume of PRCH on September 24, 2024 was 1.25M shares.
PRCH) stock’s latest price update
The stock of Porch Group Inc (NASDAQ: PRCH) has decreased by -10.12 when compared to last closing price of 1.68.Despite this, the company has seen a gain of 9.42% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-06 that Porch Group, Inc. (NASDAQ:PRCH ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Lois Perkins – IR Matt Ehrlichman – CEO, Chairman and Founder Shawn Tabak – CFO Matthew Neagle – COO Michelle Taves – GM Porch Group Media, Data and Marketing Conference Call Participants Daniel Kurnos – The Benchmark Company Jonathan Bass – Stephens Steven Hromin – Oppenheimer Ryan Tomasello – KBW Jason Kreyer – Craig-Hallum Capital Group Lois Perkins Good afternoon, everyone, and thank you for participating in Porch Group’s Second Quarter 2024 Conference Call. Today, we issued our earnings release and filed our related Form 8-K with 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 -2.53% 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 -68.41% of loss for the given period.
Volatility was left at 9.89%, however, over the last 30 days, the volatility rate increased by 10.96%, as shares surge +12.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.34% lower at present.
During the last 5 trading sessions, PRCH rose by +9.42%, which changed the moving average for the period of 200-days by -9.04% in comparison to the 20-day moving average, which settled at $1.3780. In addition, Porch Group Inc saw -50.97% 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 Tabak Shawn, who sale 15,000 shares at the price of $2.02 back on Jun 06 ’24. After this action, Tabak Shawn now owns 295,142 shares of Porch Group Inc, valued at $30,305 using the latest closing price.
Tabak Shawn, the CHIEF FINANCIAL OFFICER of Porch Group Inc, sale 19,040 shares at $4.04 during a trade that took place back on Mar 26 ’24, which means that Tabak Shawn is holding 292,311 shares at $76,956 based on the most recent closing price.
Stock Fundamentals for PRCH
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.41 for the gross margin
The net margin for Porch Group Inc stands at -0.18. The total capital return value is set at -0.17. Equity return is now at value -15311.00, with -8.93 for asset returns.
Based on Porch Group Inc (PRCH), the company’s capital structure generated 1.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at -4.29. The interest coverage ratio of the stock is -1.54.
Currently, EBITDA for the company is -64.62 million with net debt to EBITDA at -24.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 3.73for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In a nutshell, Porch Group Inc (PRCH) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
