It is Poised to be a Bull Market for Porch Group Inc (PRCH)

With 1.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.81 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $3.58 whereas the lowest price it dropped to was $3.4. The 52-week range on PRCH shows that it touched its highest point at $4.78 and its lowest point at $1.05 during that stretch. It currently has a 1-year price target of $4.58. Beta for the stock currently stands at 2.10.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PRCH was up-trending over the past week, with a rise of 18.52%, but this was up by 61.47% over a month. Three-month performance surged to 168.70% while six-month performance rose 68.42%. The stock gained 127.10% in the past year, while it has gained 14.29% so far this year. A look at the trailing 12-month EPS for PRCH yields -0.70 with Next year EPS estimates of -0.75. For the next quarter, that number is 0.06. This implies an EPS growth rate of 59.95% for this year and -34.73% for next year.

Float and Shares Shorts:

At present, 97.06 million PRCH shares are outstanding with a float of 59.38 million shares on hand for trading. On 2024-11-15, short shares totaled 8.29 million, which was 818.0001000000001 higher than short shares on 1728950400. In addition to Mr. Matthew Ehrlichman as the firm’s Founder, Chairman & CEO, Mr. Shawn Tabak CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.47399 of PRCH’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PRCH reported revenue of $111200000.0 and operating income of -$2504000.0. The EBITDA in the recently reported quarter was $4285000.0 and diluted EPS was $0.14.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PRCH since 0 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PRCH analysts setting a high price target of 7.0 and a low target of 3.5, the average target price over the next 12 months is 4.58333. Based on these targets, PRCH could surge 98.86% to reach the target high and fall by -0.57% to reach the target low. Reaching the average price target will result in a growth of 30.21% from current levels.

Analysts have provided yearly estimates in a range of -$0.46124 being high and -$0.64415 being low. For PRCH, this leads to a yearly average estimate of -$0.55667. The surprise factor in the prior quarter was -$0.48. Based on analyst estimates, the high estimate for the next quarter is -$0.17 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.17.