Porch Group Inc (NASDAQ:PRCH) has a beta value of 1.97 and has seen 1.4 million shares traded in the last trading session. The company, currently valued at $207.70M, closed the last trade at $2.03 per share which meant it lost -$0.18 on the day or -8.14% during that session. The PRCH stock price is -135.47% off its 52-week high price of $4.78 and 72.41% above the 52-week low of $0.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.64 million shares traded. The 3-month trading volume is 1.30 million shares.
Porch Group Inc (NASDAQ:PRCH) trade information
Sporting -8.14% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PRCH stock price touched $2.03 or saw a rise of 21.01%. Year-to-date, Porch Group Inc shares have moved -34.09%, while the 5-day performance has seen it change -6.88%. Over the past 30 days, the shares of Porch Group Inc (NASDAQ:PRCH) have changed 37.16%. Short interest in the company has seen 9.71 million shares shorted with days to cover at 14.09.
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Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 32.33% from current levels. The projected low price target is $2.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is -97.04% off the targeted high while a plunge would see the stock lose 1.48% from current levels.
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 lost -41.16% over the past 6 months, with this year growth rate of 45.32%, compared to 19.50% for the industry. Revenue growth from the last financial year stood is estimated to be 6.50%.
5 analysts offering their estimates for the company have set an average revenue estimate of 116.22M for the current quarter. 5 have an estimated revenue figure of 109.06M for the next ending quarter. Year-ago sales stood 129.56M and 114.61M respectively for this quarter and the next, and analysts expect sales will shrink by -10.30% for the current quarter and 6.50% for the next.
PRCH Dividends
Porch Group Inc is expected to release its next earnings report in December 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 19.52% of the company shares, while shares held by institutions stand at 51.30% with a share float percentage of 63.74%. Investors are also buoyed by the number of investors in a company, with Porch Group Inc having a total of 139.0 institutions that hold shares in the company. The top two institutional holders are GRANAHAN INVESTMENT MANAGEMENT, LLC with over 9.89 million shares worth more than $14.93 million. As of 2024-06-30, GRANAHAN INVESTMENT MANAGEMENT, LLC held 10.142% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 4.98 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.52 million and represent 5.1095% of shares outstanding.
