In last trading session, Porch Group Inc (NASDAQ:PRCH) saw 0.73 million shares changing hands with its beta currently measuring 2.03. Company’s recent per share price level of $1.68 trading at $0.13 or 8.39% at ring of the bell on the day assigns it a market valuation of $166.64M. That closing price of PRCH’s stock is at a discount of -184.52% from its 52-week high price of $4.78 and is indicating a premium of 70.24% from its 52-week low price of $0.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.0 million shares which gives us an average trading volume of 1.22 million if we extend that period to 3-months.
Porch Group Inc (NASDAQ:PRCH) trade information
Porch Group Inc’s shares saw a change of -45.45% in year-to-date performance and have moved 0.00% in past 5-day. Porch Group Inc (NASDAQ:PRCH) showed a performance of 28.24% in past 30-days. Number of shares sold short was 9.85 million shares which calculate 10.82 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 16.0% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would drop -19.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.05% for stock’s current value.
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 -61.02% of value to its shares in past 6 months, showing an annual growth rate of 45.32% while that of industry is 18.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
Insiders are in possession of 19.56% of company’s total shares while institution are holding 49.23 percent of that, with stock having share float percentage of 61.20%. Investors also watch the number of corporate investors in a company very closely, which is 49.23% institutions for Porch Group Inc that are currently holding shares of the company. GRANAHAN INVESTMENT MANAGEMENT, LLC is the top institutional holder at PRCH for having 9.89 million shares of worth $14.93 million. And as of 2024-06-30, it was holding 10.142 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.1095 of outstanding shares, having a total worth of $7.52 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.5 shares of worth $4.19 million or 2.10% of the total outstanding shares. The later fund manager was in possession of 2.1 shares on Aug 31, 2024 , making its stake of worth around $3.52 million in the company or a holder of 1.76% of company’s stock.
