After finishing at $3.80 in the prior trading day, Porch Group Inc (NASDAQ: PRCH) closed at $3.71, down -2.37%. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 1693124 shares were traded.
Ratios:
Our goal is to gain a better understanding of PRCH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 0.98.
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:
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 Mar 21 ’24 when Tabak Shawn sold 25,678 shares for $4.00 per share. The transaction valued at 102,743 led to the insider holds 311,351 shares of the business.
Tabak Shawn sold 30,282 shares of PRCH for $116,796 on Mar 20 ’24. The CHIEF FINANCIAL OFFICER now owns 337,029 shares after completing the transaction at $3.86 per share. On Dec 15 ’23, another insider, Velasquez Camilla, who serves as the Director of the company, bought 1,969 shares for $2.53 each. As a result, the insider paid 4,982 and bolstered with 45,218 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 361.79M and an Enterprise Value of 503.52M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85. Its current Enterprise Value per Revenue stands at 1.17 whereas that against EBITDA is -6.53.
Stock Price History:
The Beta on a monthly basis for PRCH is 2.13, which has changed by 176.87% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, PRCH has reached a high of $4.30, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is 2.9520, while the 200-Day Moving Average is calculated to be 1.7387.
Shares Statistics:
The stock has traded on average 1.70M shares per day over the past 3-months and 1.58M shares per day over the last 10 days, according to various share statistics. A total of 97.06M shares are outstanding, with a floating share count of 75.84M. Insiders hold about 23.30% of the company’s shares, while institutions hold 50.59% stake in the company. Shares short for PRCH as of Feb 29, 2024 were 8.52M with a Short Ratio of 5.00, compared to 9.57M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.77% and a Short% of Float of 19.03%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.36 for the current quarter, with a high estimate of -$0.34 and a low estimate of -$0.41, while EPS last year was -$0.41. The consensus estimate for the next quarter is -$0.55, with high estimates of -$0.49 and low estimates of -$0.61.
Analysts are recommending an EPS of between -$0.89 and -$1.16 for the fiscal current year, implying an average EPS of -$0.97. EPS for the following year is -$0.78, with 6 analysts recommending between -$0.65 and -$0.96.
Revenue Estimates
9 analysts predict $103.25M in revenue for the current quarter. It ranges from a high estimate of $110.61M to a low estimate of $91.93M. As of the current estimate, Porch Group Inc’s year-ago sales were $87.37M, an estimated increase of 18.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $115.74M, an increase of 17.20% less than the figure of $18.20% in the same quarter last year. There is a high estimate of $121M for the next quarter, whereas the lowest estimate is $101.54M.
A total of 9 analysts have provided revenue estimates for PRCH’s current fiscal year. The highest revenue estimate was $478.68M, while the lowest revenue estimate was $400.57M, resulting in an average revenue estimate of $455.24M. In the same quarter a year ago, actual revenue was $430.3M, up 5.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $508.93M in the next fiscal year. The high estimate is $570.81M and the low estimate is $388.01M. The average revenue growth estimate for next year is up 11.80% from the average revenue estimate for this year.
