In the last trading session, 1.08 million Porch Group Inc (NASDAQ:PRCH) shares changed hands as the company’s beta touched 1.59. With the company’s per share price at $1.41 changed hands at $0.02 or 1.44% during last session, the market valuation stood at $139.41M. PRCH’s last price was a discount, traded about -182.98% off its 52-week high of $3.99. The share price had its 52-week low at $0.50, which suggests the last value was 64.54% up since then. When we look at Porch Group Inc’s average trading volume, we note the 10-day average is 2.47 million shares, with the 3-month average coming to 1.29 million.
Analysts gave the Porch Group Inc (PRCH) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended PRCH as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Porch Group Inc’s EPS for the current quarter is expected to be $Porch Group, Inc..
Porch Group Inc (NASDAQ:PRCH) trade information
Instantly PRCH was in green as seen at the end of in last trading. With action 35.58%, the performance over the past five days has been green. The jump to weekly highs of 1.5400 on Friday, 11/17/23 added 1.44% to the stock’s daily price. The company’s shares are showing year-to-date downside of -25.00%, with the 5-day performance at 35.58% in the green. However, in the 30-day time frame, Porch Group Inc (NASDAQ:PRCH) is 151.56% up. Looking at the short shares, we see there were 7.66 million shares sold at short interest cover period of 9.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.47, meaning bulls need an upside of 59.37% from its current market value. According to analyst projections, PRCH’s forecast low is $1.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -609.22% plunge from its current level, while the stock would need to tank 29.08% for it to hit the projected low.
Porch Group Inc (PRCH) estimates and forecasts
Data shows that the Porch Group Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.53% over the past 6 months, a 10.56% in annual growth rate that is considerably lower than the industry average of 18.30%.
The 2023 estimates are for Porch Group Inc earnings to increase by 2.13%.
Porch Group Inc is expected to release its next quarterly earnings report on November 07.