Porch Group Inc (NASDAQ:PRCH) has a beta value of 2.12 and has seen 2.04 million shares traded in the last trading session. The company, currently valued at $343.08M, closed the last trade at $3.47 per share which meant it lost -$0.3 on the day or -7.96% during that session. The PRCH stock price is -23.92% off its 52-week high price of $4.30 and 85.59% above the 52-week low of $0.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.19 million shares traded. The 3-month trading volume is 1.77 million shares.
Porch Group Inc (NASDAQ:PRCH) trade information
Sporting -7.96% in the red in last session, the stock has traded in the red over the last five days, when the PRCH stock price touched $3.47 or saw a rise of 19.3%. Year-to-date, Porch Group Inc shares have moved 12.66%, while the 5-day performance has seen it change -5.19%. Over the past 30 days, the shares of Porch Group Inc (NASDAQ:PRCH) have changed 17.23%. Short interest in the company has seen 8.52 million shares shorted with days to cover at 7.48.
Porch Group Inc (PRCH) estimates and forecasts
Figures show that Porch Group Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 307.76% over the past 6 months, with this year growth rate of 38.13%, compared to 20.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 12.20% and 39.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.80%.
9 analysts offering their estimates for the company have set an average revenue estimate of $103.25 million for the current quarter. 9 have an estimated revenue figure of $115.74 million for the next quarter concluding in Jun 2024. Year-ago sales stood $87.37 million and $98.77 million respectively for this quarter and the next, and analysts expect sales will grow by 18.20% for the current quarter and 17.20% for the next.
PRCH Dividends
Porch Group Inc is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
Insiders own 23.62% of the company shares, while shares held by institutions stand at 54.66% with a share float percentage of 71.56%. Investors are also buoyed by the number of investors in a company, with Porch Group Inc having a total of 112 institutions that hold shares in the company. The top two institutional holders are Granahan Investment Management LLC with over 12.46 million shares worth more than $17.19 million. As of Jun 29, 2023, Granahan Investment Management LLC held 12.65% of shares outstanding.
The other major institutional holder is Park West Asset Management LLC, with the holding of over 7.86 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $10.85 million and represent 7.98% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and JNL Series Trust-JNL/Multi Manager Small Cap GrowthFd. As of Jun 29, 2023, the former fund manager holds about 2.72% shares in the company for having 2.67 million shares of worth $3.69 million while later fund manager owns 2.65 million shares of worth $3.66 million as of Jun 29, 2023, which makes it owner of about 2.70% of company’s outstanding stock.
