Porch Group Inc (NASDAQ: PRCH) on Monday, soared 8.80% from the previous trading day, before settling in for the closing price of $1.25. Within the past 52 weeks, PRCH’s price has moved between $0.50 and $4.78.
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During the last 5-year period, the sales growth of Technology Sector giant was 66.37%. The company achieved an average annual earnings per share of 28.49%. With a float of $75.86 million, this company’s outstanding shares have now reached $97.06 million.
Let’s determine the extent of company efficiency that accounts for 895 employees. In terms of profitability, gross margin is 40.84%, operating margin of -13.77%, and the pretax margin is -17.93%.
Porch Group Inc (PRCH) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Porch Group Inc is 23.52%, while institutional ownership is 54.12%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 28.49% 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 0.95 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 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.30 in the next quarter and is forecasted to reach -0.77 in one year’s time.
Technical Analysis of Porch Group Inc (PRCH)
Looking closely at Porch Group Inc (NASDAQ: PRCH), its last 5-days average volume was 1.11 million, which is a drop from its year-to-date volume of 1.4 million. As of the previous 9 days, the stock’s Stochastic %D was 41.88%. Additionally, its Average True Range was 0.19.
During the past 100 days, Porch Group Inc’s (PRCH) raw stochastic average was set at 8.31%, which indicates a significant decrease from 27.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 206.03% in the past 14 days, which was higher than the 109.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6937, while its 200-day Moving Average is $2.4606. However, in the short run, Porch Group Inc’s stock first resistance to watch stands at $1.4150. Second resistance stands at $1.4700. The third major resistance level sits at $1.5450. If the price goes on to break the first support level at $1.2850, it is likely to go to the next support level at $1.2100. Now, if the price goes above the second support level, the third support stands at $1.1550.
Porch Group Inc (NASDAQ: PRCH) Key Stats
Market capitalization of the company is 134.90 million based on 99,187K outstanding shares. Right now, sales total 430,300 K and income totals -133,930 K. The company made 110,840 K in profit during its latest quarter, and -64,320 K in sales during its previous quarter.
