In the last trading session, 4.54 million Porch Group Inc (NASDAQ:PRCH) shares changed hands as the company’s beta touched 2.66. With the company’s per share price at $11.79 changed hands at $0.01 or 0.08% during last session, the market valuation stood at $1.22B. PRCH’s last price was a discount, traded about -3.48% off its 52-week high of $12.20. The share price had its 52-week low at $1.05, which suggests the last value was 91.09% up since then. When we look at Porch Group Inc’s average trading volume, we note the 10-day average is 2.3 million shares, with the 3-month average coming to 2.80 million.
Porch Group Inc (NASDAQ:PRCH) trade information
Instantly PRCH was in green as seen at the end of in last trading. With action 12.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 724.48%, with the 5-day performance at 12.93% in the green. However, in the 30-day time frame, Porch Group Inc (NASDAQ:PRCH) is 25.03% up. Looking at the short shares, we see there were 13.28 million shares sold at short interest cover period of 4.88 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need a downside of -194.75% 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 66.07% surge from its current level, while the stock would need to tank 66.07% for it to hit the projected low.
The 2025 estimates are for Porch Group Inc earnings to increase by 90.91%.
PRCH Dividends
Porch Group Inc is expected to release its next quarterly earnings report on 2025-May-06.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.99% of Porch Group Inc shares while 56.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.47%. There are 56.15% 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 9.9701% of the shares, roughly 9.89 million PRCH shares worth $14.93 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.0229% or 4.98 million shares worth $7.52 million as of 2024-06-30.
