The price of Porch Group Inc (NASDAQ: PRCH) closed at $4.32 in the last session, down -1.82% from day before closing price of $4.40. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 1067603 shares were traded.
Ratios:
We take a closer look at PRCH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.75. 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:
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 Mar 26 ’24 when Tabak Shawn sold 19,040 shares for $4.04 per share. The transaction valued at 76,956 led to the insider holds 292,311 shares of the business.
Tabak Shawn sold 25,678 shares of PRCH for $102,743 on Mar 21 ’24. The CHIEF FINANCIAL OFFICER now owns 311,351 shares after completing the transaction at $4.00 per share. On Mar 20 ’24, another insider, Tabak Shawn, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 30,282 shares for $3.86 each. As a result, the insider received 116,796 and left with 337,029 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 421.62M and an Enterprise Value of 563.35M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98. Its current Enterprise Value per Revenue stands at 1.31 whereas that against EBITDA is -7.31.
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 $0.50. The 50-Day Moving Average of the stock is 3.3064, while the 200-Day Moving Average is calculated to be 1.8717.
Shares Statistics:
According to the various share statistics, PRCH traded on average about 1.67M shares per day over the past 3-months and 1.68M shares per day over the past 10 days. A total of 97.06M shares are outstanding, with a floating share count of 75.89M. Insiders hold about 22.24% of the company’s shares, while institutions hold 51.25% stake in the company. Shares short for PRCH as of Mar 15, 2024 were 9.36M with a Short Ratio of 5.60, compared to 9.19M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.59% and a Short% of Float of 20.68%.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.34 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.41, while EPS last year was -$0.41. The consensus estimate for the next quarter is -$0.53, with high estimates of -$0.38 and low estimates of -$0.61.
Analysts are recommending an EPS of between -$0.47 and -$1.16 for the fiscal current year, implying an average EPS of -$0.92. EPS for the following year is -$0.71, with 7 analysts recommending between -$0.25 and -$0.96.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $104.68M. It ranges from a high estimate of $110.61M to a low estimate of $99.3M. As of the current estimate, Porch Group Inc’s year-ago sales were $87.37M, an estimated increase of 19.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $117.14M, an increase of 18.60% less than the figure of $19.80% in the same quarter last year. There is a high estimate of $121M for the next quarter, whereas the lowest estimate is $111.23M.
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 $408.67M, resulting in an average revenue estimate of $461.19M. In the same quarter a year ago, actual revenue was $430.3M, up 7.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $507.34M 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 10.00% from the average revenue estimate for this year.
