Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Porch Group Inc (NASDAQ: PRCH) was $3.44 for the day, up 3.61% from the previous closing price of $3.32. In other words, the price has increased by $3.61 from its previous closing price. On the day, 0.54 million shares were traded. PRCH stock price reached its highest trading level at $3.575 during the session, while it also had its lowest trading level at $3.38.
Ratios:
Our analysis of PRCH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 0.98.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Loop Capital on March 15, 2023, Downgraded its rating to Hold and sets its target price to $2 from $4 previously.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 26 ’24 when Tabak Shawn sold 19,040 shares for $4.04 per share. The transaction valued at 76,956 led to the insider holds 292,311 shares of the business.
Tabak Shawn sold 25,678 shares of PRCH for $102,743 on Mar 21 ’24. The CHIEF FINANCIAL OFFICER now owns 311,351 shares after completing the transaction at $4.00 per share. On Mar 20 ’24, another insider, Tabak Shawn, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 30,282 shares for $3.86 each. As a result, the insider received 116,796 and left with 337,029 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRCH now has a Market Capitalization of 337803552 and an Enterprise Value of 480763936. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79. Its current Enterprise Value per Revenue stands at 1.117 whereas that against EBITDA is -4.217.
Stock Price History:
Over the past 52 weeks, PRCH has reached a high of $4.78, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is -4.29%, while the 200-Day Moving Average is calculated to be 67.92%.
Shares Statistics:
PRCH traded an average of 1.53M shares per day over the past three months and 689950 shares per day over the past ten days. A total of 97.06M shares are outstanding, with a floating share count of 75.32M. Insiders hold about 23.30% of the company’s shares, while institutions hold 50.79% stake in the company. Shares short for PRCH as of 1713139200 were 7803736 with a Short Ratio of 5.12, compared to 1710460800 on 9357119. Therefore, it implies a Short% of Shares Outstanding of 7803736 and a Short% of Float of 11.73.
