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The closing price of Porch Group Inc (NASDAQ: PRCH) was $2.98 for the day, down -4.18% from the previous closing price of $3.11. In other words, the price has decreased by -$4.18 from its previous closing price. On the day, 1.73 million shares were traded. PRCH stock price reached its highest trading level at $3.32 during the session, while it also had its lowest trading level at $2.88.
Ratios:
Our analysis of PRCH’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79.
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 Oct 28 ’24 when Tabak Shawn sold 15,000 shares for $2.00 per share. The transaction valued at 30,032 led to the insider holds 278,298 shares of the business.
Tabak Shawn bought 15,000 shares of PRCH for $29,380 on Oct 28 ’24. On Jun 06 ’24, another insider, Tabak Shawn, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 15,000 shares for $2.02 each. As a result, the insider received 30,305 and left with 295,142 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 301668384 and an Enterprise Value of 468230496. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64. Its current Enterprise Value per Revenue stands at 1.036 whereas that against EBITDA is -7.848.
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 $1.05. The 50-Day Moving Average of the stock is 67.40%, while the 200-Day Moving Average is calculated to be 27.50%.
Shares Statistics:
PRCH traded an average of 1.64M shares per day over the past three months and 3715760 shares per day over the past ten days. A total of 97.06M shares are outstanding, with a floating share count of 59.38M. Insiders hold about 41.34% of the company’s shares, while institutions hold 51.60% stake in the company. Shares short for PRCH as of 1730332800 were 9237317 with a Short Ratio of 5.62, compared to 1727654400 on 9815456. Therefore, it implies a Short% of Shares Outstanding of 9237317 and a Short% of Float of 13.430000999999999.
