In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The closing price of Porch Group Inc (NASDAQ: PRCH) was $4.46 for the day, down -0.89% from the previous closing price of $4.50. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 0.81 million shares were traded. PRCH stock price reached its highest trading level at $4.75 during the session, while it also had its lowest trading level at $4.3.
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.
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:
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 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 451490272 and an Enterprise Value of 618052928. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01. Its current Enterprise Value per Revenue stands at 1.367 whereas that against EBITDA is -10.36.
Stock Price History:
The Beta on a monthly basis for PRCH is 2.05, which has changed by 1.0361991 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. 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 5.86%, while the 200-Day Moving Average is calculated to be 70.10%.
Shares Statistics:
PRCH traded an average of 2.72M shares per day over the past three months and 1784720 shares per day over the past ten 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 51.71% stake in the company. Shares short for PRCH as of 1735603200 were 9907845 with a Short Ratio of 3.65, compared to 1732838400 on 8165216. Therefore, it implies a Short% of Shares Outstanding of 9907845 and a Short% of Float of 14.249999999999998.
