In the last trading session, 1.43 million Porch Group Inc (NASDAQ:PRCH) shares changed hands as the company’s beta touched 2.05. With the company’s per share price at $4.96 changed hands at -$0.13 or -2.55% during last session, the market valuation stood at $559.24M. PRCH’s last price was a discount, traded about -21.57% off its 52-week high of $6.03. The share price had its 52-week low at $1.05, which suggests the last value was 78.83% up since then. When we look at Porch Group Inc’s average trading volume, we note the 10-day average is 2.27 million shares, with the 3-month average coming to 2.40 million.
Porch Group Inc (NASDAQ:PRCH) trade information
Instantly PRCH was in red as seen at the end of in last trading. With action -14.78%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 61.04%, with the 5-day performance at -14.78% in the red. However, in the 30-day time frame, Porch Group Inc (NASDAQ:PRCH) is 39.33% up. Looking at the short shares, we see there were 8.17 million shares sold at short interest cover period of 2.8 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need a downside of -24.0% from its current market value. According to analyst projections, PRCH’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a 19.35% surge from its current level, while the stock would need to tank 19.35% for it to hit the projected low.
Porch Group Inc (PRCH) estimates and forecasts
Data shows that the Porch Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 256.83% over the past 6 months, a 54.68% in annual growth rate that is considerably higher than the industry average of 26.00%. Year-over-year growth is forecast to reach 4.06% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 110.3M. 6 analysts are of the opinion that Porch Group Inc’s revenue for the current quarter will be 92.35M. The company’s revenue for the corresponding quarters a year ago was 114.61M and 115.44M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.76%. The estimates for the next quarter sales put growth at -20.00%.
The 2024 estimates are for Porch Group Inc earnings to increase by 59.95%.
PRCH Dividends
Porch Group Inc is expected to release its next quarterly earnings report in January.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.40% of Porch Group Inc shares while 47.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.79%. There are 47.38% institutions holding the Porch Group Inc stock share, with GRANAHAN INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 10.142% of the shares, roughly 9.89 million PRCH shares worth $14.93 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.1095% or 4.98 million shares worth $7.52 million as of 2024-06-30.
