Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Porch Group Inc (NASDAQ: PRCH) closed at $4.51 in the last session, down -3.63% from day before closing price of $4.68. In other words, the price has decreased by -$3.63 from its previous closing price. On the day, 1.15 million shares were traded. PRCH stock price reached its highest trading level at $4.6 during the session, while it also had its lowest trading level at $4.38.
Ratios:
We take a closer look at PRCH’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79.
On March 15, 2023, Loop Capital Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $4 to $2.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 16 ’24 when Tabak Shawn sold 21,774 shares for $6.00 per share. The transaction valued at 130,705 led to the insider holds 287,839 shares of the business.
Tabak Shawn bought 21,774 shares of PRCH for $129,759 on Dec 16 ’24. On Dec 06 ’24, another insider, Tabak Shawn, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 12,500 shares for $5.12 each. As a result, the insider received 64,019 and left with 309,613 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 456551840 and an Enterprise Value of 623114496. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02. Its current Enterprise Value per Revenue stands at 1.378 whereas that against EBITDA is -10.444.
Stock Price History:
Over the past 52 weeks, PRCH has reached a high of $6.03, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is 9.31%, while the 200-Day Moving Average is calculated to be 72.38%.
Shares Statistics:
According to the various share statistics, PRCH traded on average about 2.66M shares per day over the past 3-months and 1875810 shares per day over the past 10 days. A total of 118.90M shares are outstanding, with a floating share count of 60.28M. Insiders hold about 41.03% of the company’s shares, while institutions hold 51.67% stake in the company. Shares short for PRCH as of 1734048000 were 9288670 with a Short Ratio of 3.73, compared to 1731628800 on 8285408. Therefore, it implies a Short% of Shares Outstanding of 9288670 and a Short% of Float of 13.36.
