On Monday, Porch Group Inc (NASDAQ: PRCH) opened lower -8.14% from the last session, before settling in for the closing price of $2.21. Price fluctuations for PRCH have ranged from $0.56 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 $65.33 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 and Institutional Ownership
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 34.97%, while institutional ownership is 56.04%. The most recent insider transaction that took place on Oct 28 ’24, was worth 30,032. In this transaction CHIEF FINANCIAL OFFICER of this company sold 15,000 shares at a rate of $2.00, taking the stock ownership to the 278,298 shares. Before that another transaction happened on Oct 28 ’24, when Company’s Officer proposed sale 15,000 for $1.96, making the entire transaction worth $29,380.
Porch Group Inc (PRCH) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.25) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
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 0.44.
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 2.42 million, a positive change from its year-to-date volume of 1.37 million. As of the previous 9 days, the stock’s Stochastic %D was 66.46%. Additionally, its Average True Range was 0.23.
During the past 100 days, Porch Group Inc’s (PRCH) raw stochastic average was set at 64.30%, which indicates a significant increase from 58.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 241.65% in the past 14 days, which was higher than the 148.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.50, while its 200-day Moving Average is $2.31. Nevertheless, the first resistance level for the watch stands at $2.16 in the near term. At $2.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.38. If the price goes on to break the first support level at $1.94, it is likely to go to the next support level at $1.85. The third support level lies at $1.72 if the price breaches the second support level.
Porch Group Inc (NASDAQ: PRCH) Key Stats
There are currently 118,772K shares outstanding in the company with a market cap of 207.70 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.
