A new trading day began on Friday, with Porch Group Inc (NASDAQ: PRCH) stock price down -11.35% from the previous day of trading, before settling in for the closing price of $4.14. PRCH’s price has ranged from $0.50 to $4.78 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 66.37% over the past five years. Meanwhile, its annual earnings per share averaged 33.97%. With a float of $74.86 million, this company’s outstanding shares have now reached $97.06 million.
Let’s look at the performance matrix of the company that is accounted for 895 employees.
Porch Group Inc (PRCH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Porch Group Inc is 22.53%, while institutional ownership is 51.30%. The most recent insider transaction that took place on Mar 26 ’24, was worth 76,956. In this transaction CHIEF FINANCIAL OFFICER of this company sold 19,040 shares at a rate of $4.04, taking the stock ownership to the 292,311 shares. Before that another transaction happened on Mar 21 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 25,678 for $4.00, making the entire transaction worth $102,743. This insider now owns 311,351 shares in total.
Porch Group Inc (PRCH) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 50.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 33.97% per share during the next fiscal year.
Porch Group Inc (NASDAQ: PRCH) Trading Performance Indicators
Here are Porch Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.98. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.83. Likewise, its price to free cash flow for the trailing twelve months is 10.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.40, a number that is poised to hit -0.34 in the next quarter and is forecasted to reach -0.71 in one year’s time.
Technical Analysis of Porch Group Inc (PRCH)
Porch Group Inc (NASDAQ: PRCH) saw its 5-day average volume 1.14 million, a negative change from its year-to-date volume of 1.65 million. As of the previous 9 days, the stock’s Stochastic %D was 40.54%. Additionally, its Average True Range was 0.35.
During the past 100 days, Porch Group Inc’s (PRCH) raw stochastic average was set at 68.47%, which indicates a significant increase from 0.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.84% in the past 14 days, which was lower than the 105.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.40, while its 200-day Moving Average is $1.91. Nevertheless, the first resistance level for the watch stands at $3.96 in the near term. At $4.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.39. If the price goes on to break the first support level at $3.53, it is likely to go to the next support level at $3.38. The third support level lies at $3.10 if the price breaches the second support level.
Porch Group Inc (NASDAQ: PRCH) Key Stats
With a market capitalization of 358.19 million, the company has a total of 97,596K Shares Outstanding. Currently, annual sales are 430,300 K while annual income is -133,930 K. The company’s previous quarter sales were 114,610 K while its latest quarter income was -2,490 K.
