On Monday, Porch Group Inc (NASDAQ: PRCH) opened higher 70.31% from the last session, before settling in for the closing price of $1.28. Price fluctuations for PRCH have ranged from $0.52 to $4.78 over the past 52 weeks.
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Annual sales at Technology sector company grew by 66.37% over the past five years. Company’s average yearly earnings per share was noted 28.66% at the time writing. With a float of $65.32 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. 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) Insider Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Porch Group Inc is 34.98%, while institutional ownership is 53.66%. 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
According to the Wall Street analysts, stocks earnings will be around 28.66% per share during the next fiscal year.
Porch Group Inc (NASDAQ: PRCH) Trading Performance Indicators
Check out the current performance indicators for Porch Group Inc (PRCH). In the past quarter, the stock posted a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach -0.80 in one year’s time.
Technical Analysis of Porch Group Inc (PRCH)
Porch Group Inc (NASDAQ: PRCH) saw its 5-day average volume 5.07 million, a positive change from its year-to-date volume of 1.34 million. As of the previous 9 days, the stock’s Stochastic %D was 33.91%. Additionally, its Average True Range was 0.19.
During the past 100 days, Porch Group Inc’s (PRCH) raw stochastic average was set at 80.37%, which indicates a significant increase from 76.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 234.44% in the past 14 days, which was higher than the 146.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4100, while its 200-day Moving Average is $2.3200. Nevertheless, the first resistance level for the watch stands at $2.6100 in the near term. At $3.0300, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.6100. If the price goes on to break the first support level at $1.6000, it is likely to go to the next support level at $1.0200. Assuming the price breaks the second support level, the third support level stands at $0.6000.
Porch Group Inc (NASDAQ: PRCH) Key Stats
There are currently 99,187K shares outstanding in the company with a market cap of 219.00 million. Presently, the company’s annual sales total 430,300 K according to its annual income of -133,930 K. Last quarter, the company’s sales amounted to 110,840 K and its income totaled -64,320 K.
