In last trading session, Porch Group Inc (NASDAQ:PRCH) saw 1.09 million shares changing hands with its beta currently measuring 2.10. Company’s recent per share price level of $3.73 trading at $0.21 or 5.97% at ring of the bell on the day assigns it a market valuation of $400.12M. That closing price of PRCH’s stock is at a discount of -28.15% from its 52-week high price of $4.78 and is indicating a premium of 71.85% from its 52-week low price of $1.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.18 million shares which gives us an average trading volume of 1.81 million if we extend that period to 3-months.
Porch Group Inc (NASDAQ:PRCH) trade information
Upright in the green during last session for gaining 5.97%, in the last five days PRCH remained trading in the green while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $3.73 price level, adding 11.19% to its value on the day. Porch Group Inc’s shares saw a change of 21.10% in year-to-date performance and have moved 6.27% in past 5-day. Porch Group Inc (NASDAQ:PRCH) showed a performance of 70.32% in past 30-days. Number of shares sold short was 8.29 million shares which calculate 2.65 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 6.75% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -7.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -7.24% 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 added 81.95% of value to its shares in past 6 months, showing an annual growth rate of 49.64% while that of industry is 24.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 4.06% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 110.25M for the same. And 4 analysts are in estimates of company making revenue of 105.36M in the next quarter. Company posted 114.61M and 115.44M of sales in current and next quarters respectively a year earlier.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
Insiders are in possession of 19.39% of company’s total shares while institution are holding 47.40 percent of that, with stock having share float percentage of 58.80%. Investors also watch the number of corporate investors in a company very closely, which is 47.40% 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 $9.31 million or 2.09% 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 $7.82 million in the company or a holder of 1.75% of company’s stock.
