In last trading session, Porch Group Inc. (NASDAQ:PRCH) saw 1.35 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $13.36 trading at -$0.85 or -5.98% at ring of the bell on the day assigns it a market valuation of $1.33B. That closing price of PRCH’s stock is at a discount of -105.84% from its 52-week high price of $27.50 and is indicating a premium of 12.2% from its 52-week low price of $11.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.91 million shares which gives us an average trading volume of 1.39 million if we extend that period to 3-months.
For Porch Group Inc. (PRCH), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.21 in the current quarter.
Porch Group Inc. (NASDAQ:PRCH) trade information
Upright in the red during last session for losing -5.98%, in the last five days PRCH remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $13.36 price level, adding 10.64% to its value on the day. Porch Group Inc.’s shares saw a change of -14.30% in year-to-date performance and have moved 0.91% in past 5-day. Porch Group Inc. (NASDAQ:PRCH) showed a performance of -19.47% in past 30-days. Number of shares sold short was 10.51 million shares which calculate 8.76 days to cover the short interests.
Porch Group Inc. (PRCH) estimates and forecasts
Statistics highlight that Porch Group Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -21.96% of value to its shares in past 6 months, showing an annual growth rate of 41.05% while that of industry is -1.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 22.20% in the current quarter and calculating 73.70% increase in the next quarter. This year revenue growth is estimated to rise 166.90% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $54.57 million for the same. And 9 analysts are in estimates of company making revenue of $56.91 million in the next quarter that will end on Mar 2022. Company posted $19.51 million and $26.74 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 179.70% while estimating it to be 112.80% for the next quarter.
Porch Group Inc. is more likely to be releasing its next quarterly report between March 28 and April 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Porch Group Inc. (NASDAQ:PRCH)’s Major holders
Insiders are in possession of 22.78% of company’s total shares while institution are holding 81.86 percent of that, with stock having share float percentage of 106.01%. Investors also watch the number of corporate investors in a company very closely, which is 81.86% institutions for Porch Group Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at PRCH for having 14.51 million shares of worth $256.54 million. And as of Sep 29, 2021, it was holding 14.80% of the company’s outstanding shares.
The second largest institutional holder is Southpoint Capital Advisors Lp, which was holding about 6.9 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.04% of outstanding shares, having a total worth of $121.99 million.
On the other hand, Smallcap World Fund and Fidelity Balanced Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 6.41 million shares of worth $113.37 million or 6.54% of the total outstanding shares. The later fund manager was in possession of 3.15 million shares on Oct 30, 2021, making its stake of worth around $66.34 million in the company or a holder of 3.22% of company’s stock.