Porch Group Inc (NASDAQ: PRCH) on Tuesday, soared 12.58% from the previous trading day, before settling in for the closing price of $1.51. Within the past 52 weeks, PRCH’s price has moved between $0.50 and $4.78.
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Annual sales at Technology sector company grew by 66.37% over the past five years. The company achieved an average annual earnings per share of 59.09%. With a float of $75.83 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 Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Porch Group Inc is 23.55%, while institutional ownership is 51.53%. The most recent insider transaction that took place on Jun 06 ’24, was worth 30,305. In this transaction CHIEF FINANCIAL OFFICER of this company sold 15,000 shares at a rate of $2.02, taking the stock ownership to the 295,142 shares. Before that another transaction happened on Mar 26 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 19,040 for $4.04, making the entire transaction worth $76,956. This insider now owns 292,311 shares in total.
Porch Group Inc (PRCH) Performance Highlights and Predictions
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.91 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.46) by -0.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.09% per share during the next fiscal year.
Porch Group Inc (NASDAQ: PRCH) Trading Performance Indicators
Porch Group Inc (PRCH) is currently performing well based on its current performance indicators. A quick ratio of 1.04 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.37. Likewise, its price to free cash flow for the trailing twelve months is 2.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.13, a number that is poised to hit -0.52 in the next quarter and is forecasted to reach -0.57 in one year’s time.
Technical Analysis of Porch Group Inc (PRCH)
Porch Group Inc (NASDAQ: PRCH) saw its 5-day average volume 3.37 million, a positive change from its year-to-date volume of 1.46 million. As of the previous 9 days, the stock’s Stochastic %D was 60.82%. Additionally, its Average True Range was 0.16.
During the past 100 days, Porch Group Inc’s (PRCH) raw stochastic average was set at 9.94%, which indicates a significant decrease from 52.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.05% in the past 14 days, which was higher than the 88.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.3960, while its 200-day Moving Average is $2.2883. Nevertheless, the first resistance level for the watch stands at $1.7767 in the near term. At $1.8533, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.9967. If the price goes on to break the first support level at $1.5567, it is likely to go to the next support level at $1.4133. Assuming the price breaks the second support level, the third support level stands at $1.3367.
Porch Group Inc (NASDAQ: PRCH) Key Stats
Market capitalization of the company is 168.62 million based on 99,187K outstanding shares. Right now, sales total 430,300 K and income totals -133,930 K. The company made 115,440 K in profit during its latest quarter, and -13,360 K in sales during its previous quarter.
