In today’s recent session, 1.67 million shares of the Porch Group Inc (NASDAQ:PRCH) have been traded, and its beta is 2.07. Most recently the company’s share price was $1.18, and it changed around -$0.55 or -31.79% from the last close, which brings the market valuation of the company to $117.04M. PRCH at last check was trading at a discount to its 52-week high of $4.78, offering almost -305.08% off that amount. The share price’s 52-week low was $0.50, which indicates that the recent value has risen by an impressive 57.63% since then. We note from Porch Group Inc’s average daily trading volume that its 10-day average is 0.92 million shares, with the 3-month average coming to 1.26 million.
Porch Group Inc (NASDAQ:PRCH) trade information
Instantly PRCH has been showing red trend so far today with a performance of -31.79% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.1200 on recent trading dayincreased the stock’s daily price by 44.34%. The company’s shares are currently down -61.69% year-to-date, but still down -42.44% over the last five days. On the other hand, Porch Group Inc (NASDAQ:PRCH) is -33.33% down in the 30-day period. We can see from the shorts that 9.5 million shares have been sold at a short interest cover period of 5.48 day(s).
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Porch Group Inc (PRCH) estimates and forecasts
Porch Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -50.83 percent over the past six months and at a 53.24% annual growth rate that is well above the industry average of 21.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 133.30% in revenue this quarter, and will report an increase of 333.30% in the next quarter. The year-over-year growth rate is expected to be 6.20%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 115.49M in revenue for the current quarter. 7 analysts expect Porch Group Inc to make 110.02M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 129.56M and 114.61M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.90%. Forecasts for the next quarter put sales growth at -4.00%.
PRCH Dividends
Porch Group Inc’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.51% of Porch Group Inc shares, and 59.11% of them are in the hands of institutional investors. The stock currently has a share float of 77.28%. Porch Group Inc stock is held by 133.0 institutions, with GRANAHAN INVESTMENT MANAGEMENT, LLC being the largest institutional investor. By 2024-03-31, it held 11.353% of the shares, which is about 11.0 million shares worth $47.41 million.
FIDELITY NATIONAL FINANCIAL, INC., with 4.3656% or 4.23 million shares worth $18.23 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
