Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $4.95 in the prior trading day, Porch Group Inc (NASDAQ: PRCH) closed at $5.32, up 7.47%. In other words, the price has increased by $7.47 from its previous closing price. On the day, 1.16 million shares were traded. PRCH stock price reached its highest trading level at $5.335 during the session, while it also had its lowest trading level at $4.9.
Ratios:
Our goal is to gain a better understanding of PRCH by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 538548928 and an Enterprise Value of 705111936. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28. Its current Enterprise Value per Revenue stands at 1.56 whereas that against EBITDA is -11.819.
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 37.92%, while the 200-Day Moving Average is calculated to be 104.89%.
Shares Statistics:
The stock has traded on average 2.58M shares per day over the past 3-months and 2028070 shares per day over the last 10 days, according to various share statistics. A total of 118.90M shares are outstanding, with a floating share count of 59.69M. Insiders hold about 41.03% of the company’s shares, while institutions hold 51.51% stake in the company. Shares short for PRCH as of 1734048000 were 9288670 with a Short Ratio of 3.61, compared to 1731628800 on 8285408. Therefore, it implies a Short% of Shares Outstanding of 9288670 and a Short% of Float of 13.36.
