A share price of Porch Group Inc [PRCH] is currently trading at $1.68, up 3.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PRCH shares have gain 25.37% over the last week, with a monthly amount glided 31.76%, and seem to be holding up well over a long-time horizon.
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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 $4.78. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Porch Group Inc [NASDAQ: PRCH] shares were valued at $1.68 at the most recent close of the market. An investor can expect a potential return of 19.05% based on the average PRCH price forecast.
Analyzing the PRCH fundamentals
Trailing Twelve Months sales for Porch Group Inc [NASDAQ:PRCH] were 470.45M which represents 12.23% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is 1.57 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.29.
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 1.5975 points at the first support level, and at 1.5150 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7650, and for the 2nd resistance point, it is at 1.8500.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Porch Group Inc [NASDAQ:PRCH] is 0.95. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 0.35.
Transactions by insiders
Recent insider trading involved Tabak Shawn, CHIEF FINANCIAL OFFICER, that happened on Jun 06 ’24 when 15000.0 shares were sold. CHIEF FINANCIAL OFFICER, Tabak Shawn completed a deal on Mar 26 ’24 to sell 19040.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Tabak Shawn sold 30282.0 shares on Mar 20 ’24.
