Market Insights: Porch Group Inc (PRCH)’s Notable Drop of -1.95, Closing at 3.52

Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

As of close of business last night, Porch Group Inc’s stock clocked out at $3.52, down -1.95% from its previous closing price of $3.59. In other words, the price has decreased by -$1.95 from its previous closing price. On the day, 1.36 million shares were traded. PRCH stock price reached its highest trading level at $3.58 during the session, while it also had its lowest trading level at $3.4.

Ratios:

To gain a deeper understanding of PRCH’s stock, we examine its different ratios. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 356333120 and an Enterprise Value of 529981632. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79. Its current Enterprise Value per Revenue stands at 1.172 whereas that against EBITDA is -8.883.

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 70.26%, while the 200-Day Moving Average is calculated to be 48.49%.

Shares Statistics:

It appears that PRCH traded 1.81M shares on average per day over the past three months and 2550570 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 51.47% stake in the company. Shares short for PRCH as of 1730332800 were 9237317 with a Short Ratio of 5.10, compared to 1727654400 on 9815456. Therefore, it implies a Short% of Shares Outstanding of 9237317 and a Short% of Float of 13.430000999999999.

Most Popular