Loop Capital has recently reduced Porch Group Inc (PRCH) stock to Hold rating, as announced on March 15, 2023, according to Finviz. Earlier, on November 9, 2022, JP Morgan had reduced the stock from a Overweight to Neutral. Cantor Fitzgerald also resumed Overweight rating with a price target of $8. Additionally, Keefe Bruyette reduced Mkt Perform rating on July 25, 2022, with a target price of $3.25. Compass Point analysts, in their report published on May 25, 2022, also initiated Buy rating for Porch Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Porch Group Inc (PRCH) Stock Trading Recap
On Tuesday, Porch Group Inc (PRCH) stock saw a modest uptick, ending the day at $5.61 which represents a slight increase of $1.84 or 48.81% from the prior close of $3.77. The stock opened at $4.4 and touched a low of $4.39 during the day, reaching a high of $5.7. The volume of shares traded was 16.82 million exceeding the average volume of 1.86 million.
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PRCH Stock Performance and Moving Averages
In recent trading, Porch Group Inc (PRCH) stock price has shown some volatility, fluctuating 56.27% over the last five trades and 153.85% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 192.19%, and it has gained 348.80% in the previous three months. Currently, PRCH is trading at 69.77%, 146.62%, and 134.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, PRCH, a Technology sector stock, is trading 17.36% below its 52-week high but remains 434.29% above its 52-week low. The Average True Range (ATR) (14 days) of 0.47 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Porch Group Inc’s Profitability and Valuation Ratios
Porch Group Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -14.56% and a profit margin of -14.55%, with a gross margin of 192.19%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Porch Group Inc’s market capitalization stands at $567.90 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.26, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.00% of Porch Group Inc (PRCH)’s shares, while financial institutions hold 51.51%.
Notable insider trades include Tabak Shawn, CHIEF FINANCIAL OFFICER at Porch Group Inc (PRCH), who sold 30282 shares on Mar 20 ’24, at $3.86 each, totaling $0.12 million. On Mar 21 ’24, Tabak Shawn, CHIEF FINANCIAL OFFICER, sold 25678 shares for $4 each, amounting to $0.10 million.
