Porch Group Inc [PRCH] stock prices are up 18.18% to $3.51 at the moment. 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 21.45% over the last week, with a monthly amount glided 154.35%, 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.
The stock price of Porch Group Inc [PRCH] has been fluctuating between $1.05 and $4.78 over the past year. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Porch Group Inc [NASDAQ: PRCH] shares were valued at $3.51 at the most recent close of the market. An investor can expect a potential return of 13.96% based on the average PRCH price forecast.
Analyzing the PRCH fundamentals
The Porch Group Inc [NASDAQ:PRCH] reported sales of 452.10M for trailing twelve months, representing a drop of -14.17%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 1.02 and Total Capital is -0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -5.18.
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 3.15 points at the first support level, and at 2.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.71, and for the 2nd resistance point, it is at 3.92.
Ratios To Look Out For
It’s worth pointing out that Porch Group Inc [NASDAQ:PRCH]’s Current Ratio is 0.79. In addition, the Quick Ratio stands at 0.79 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 0.79.
Transactions by insiders
Recent insider trading involved Tabak Shawn, CHIEF FINANCIAL OFFICER, that happened on Oct 28 ’24 when 15000.0 shares were sold. Officer, Tabak Shawn completed a deal on Oct 28 ’24 to buy 15000.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Tabak Shawn sold 15000.0 shares on Jun 06 ’24.
