A share price of Porch Group Inc [PRCH] is currently trading at $3.24, down -6.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRCH shares have gain 17.82% over the last week, with a monthly amount glided 37.87%, and seem to be holding up well over a long-time horizon.
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On 12, February 2024, Porch Group to Release Fourth Quarter 2023 Earnings on March 7, 2024. In a post published today on Yahoo Finance, Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced it will report fourth quarter financial results ended December 31, 2023, after markets close on Thursday, March 7, 2024. The business performed well in the fourth quarter, with 2023 Revenue and Adjusted EBITDA expected to be ahead of guidance1.
From an analyst’s perspective:
Porch Group Inc [NASDAQ: PRCH] stock has seen the most recent analyst activity on March 15, 2023, when Loop Capital downgraded its rating to a Hold and also revised its price target to $2 from $4. Previously, JP Morgan downgraded its rating to Neutral on November 09, 2022. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $3.25 on July 25, 2022. Compass Point initiated its recommendation with a Buy and recommended $11.50 as its price target on May 25, 2022. JP Morgan started tracking with a Overweight rating for this stock on May 23, 2022, and assigned it a price target of $8. In a note dated March 02, 2022, Oppenheimer reiterated an Outperform rating on this stock and revised its target price from $30 to $25.
Porch Group Inc experienced fluctuations in its stock price throughout the past year between $0.50 and $3.66. Porch Group Inc [NASDAQ: PRCH] shares were valued at $3.24 at the most recent close of the market.
Analyzing the PRCH fundamentals
Trailing Twelve Months sales for Porch Group Inc [NASDAQ:PRCH] were 379.80M which represents 71.90% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.59%, Pretax Profit Margin comes in at -0.44%, and Net Profit Margin reading is -0.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -13.17 and Total Capital is -0.51. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-11.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.06 points at the first support level, and at 2.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.53, and for the 2nd resistance point, it is at 3.82.
Porch Group Inc [PRCH] reported earnings per share of -$0.06 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.25/share, meaning a difference of $0.19 and a surprise factor of 76.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.91 per share as compared to estimates of -$0.46 per share, a difference of -$0.45 representing a surprise of -97.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Porch Group Inc [NASDAQ:PRCH] is 1.01. Also, the Quick Ratio is 1.01, while the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 0.84.
Transactions by insiders
Recent insider trading involved Velasquez Camilla, Director, that happened on Dec 15 when 1969.0 shares were purchased. Director, Lam Rachel completed a deal on Nov 13 to buy 2500.0 shares. Meanwhile, Director Lam Rachel bought 7500.0 shares on Nov 10.
