Porch Group Inc (NASDAQ:PRCH) has a beta value of 2.10 and has seen 1.82 million shares traded in the last trading session. The company, currently valued at $554.02M, closed the last trade at $5.35 per share which meant it gained $0.12 on the day or 2.29% during that session. The PRCH stock price is -6.54% off its 52-week high price of $5.70 and 80.37% above the 52-week low of $1.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.73 million shares traded. The 3-month trading volume is 2.28 million shares.
Porch Group Inc (NASDAQ:PRCH) trade information
Sporting 2.29% in the green 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 $5.35 or saw a rise of 6.14%. Year-to-date, Porch Group Inc shares have moved 73.70%, while the 5-day performance has seen it change -2.90%. Over the past 30 days, the shares of Porch Group Inc (NASDAQ:PRCH) have changed 85.12%. Short interest in the company has seen 8.17 million shares shorted with days to cover at 2.8.
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Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -33.75% from current levels. The projected low price target is $4.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is 25.23% off the targeted high while a plunge would see the stock lose 25.23% 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 gained 211.05% over the past 6 months, with this year growth rate of 54.68%, compared to 25.60% for the industry. Revenue growth from the last financial year stood is estimated to be 4.06%.
6 analysts offering their estimates for the company have set an average revenue estimate of 110.3M for the current quarter. 6 have an estimated revenue figure of 92.35M for the next ending quarter. Year-ago sales stood 114.61M and 115.44M respectively for this quarter and the next, and analysts expect sales will shrink by -3.76% for the current quarter and 4.06% for the next.
PRCH Dividends
Porch Group Inc is expected to release its next earnings report in January 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 19.42% of the company shares, while shares held by institutions stand at 47.38% with a share float percentage of 58.80%. Investors are also buoyed by the number of investors in a company, with Porch Group Inc having a total of 126.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.09% shares in the company for having 2.5 shares of worth $13.35 million while later fund manager owns 2.04 shares of worth $10.9 million as of Sep 30, 2024 , which makes it owner of about 1.70% of company’s outstanding stock.
