$1.60M in average volume shows that Porch Group Inc (PRCH) is heading in the right direction

Porch Group Inc (NASDAQ: PRCH) kicked off on Tuesday, up 0.30% from the previous trading day, before settling in for the closing price of $3.31. Over the past 52 weeks, PRCH has traded in a range of $0.50-$4.78.

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Technology Sector giant saw their annual sales surged by 66.37% over the last five years. While this was happening, its average annual earnings per share was recorded 33.97%. With a float of $74.86 million, this company’s outstanding shares have now reached $97.06 million.

The firm has a total of 895 workers. Let’s measure their productivity.

Porch Group Inc (PRCH) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Porch Group Inc is 23.30%, while institutional ownership is 51.29%. 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) Earnings and Forecasts

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

Take a look at Porch Group Inc’s (PRCH) current performance indicators. Last quarter, 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 0.75. Likewise, its price to free cash flow for the trailing twelve months is 9.80.

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)

Analysing the last 5-days average volume posted by the [Porch Group Inc, PRCH], we can find that recorded value of 0.74 million was lower than the volume posted last year of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 11.89%. Additionally, its Average True Range was 0.31.

During the past 100 days, Porch Group Inc’s (PRCH) raw stochastic average was set at 57.43%, which indicates a significant increase from 10.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.62% in the past 14 days, which was lower than the 103.19% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.54, while its 200-day Moving Average is $1.98. Now, the first resistance to watch is $3.48. This is followed by the second major resistance level at $3.65. The third major resistance level sits at $3.75. If the price goes on to break the first support level at $3.22, it is likely to go to the next support level at $3.12. Should the price break the second support level, the third support level stands at $2.96.

Porch Group Inc (NASDAQ: PRCH) Key Stats

The company with the Market Capitalisation of 324.03 million has total of 97,596K Shares Outstanding. Its annual sales at the moment are 430,300 K in contrast with the sum of -133,930 K annual income. Company’s last quarter sales were recorded 114,610 K and last quarter income was -2,490 K.