Porch Group Inc [NASDAQ: PRCH] traded at a high on Monday, posting a 70.31 gain after which it closed the day’ session at $2.18.
The results of the trading session contributed to over 23213565 shares changing hands. Over the past one week, the price volatility of Porch Group Inc stands at 19.75% while the volatility over the past one month is 11.19%.
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The market cap for PRCH stock reached $219.00 million, with 97.06 million shares outstanding and 65.32 million shares in the current float. Compared to the average trading volume of 847.93K shares, PRCH reached a trading volume of 23213565 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Porch Group Inc [PRCH]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRCH shares is $3.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRCH stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Loop Capital have made an estimate for Porch Group Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 15, 2023. The new note on the price target was released on November 09, 2022, representing the official price target for Porch Group Inc stock. Previously, the target price had yet another drop from $10 to $8, while Cantor Fitzgerald kept a Overweight rating on PRCH stock. On July 25, 2022, analysts decreased their price target for PRCH shares from 5.25 to 3.25.
The Average True Range (ATR) for Porch Group Inc is set at 0.19, with the Price to Sales ratio for PRCH stock in the period of the last 12 months amounting to 0.47.
How has PRCH stock performed recently?
Porch Group Inc [PRCH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 53.52. With this latest performance, PRCH shares gained by 29.76% in over the last four-week period, additionally sinking by -36.63% over the last 6 months – not to mention a rise of 296.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRCH stock in for the last two-week period is set at 70.92, with the RSI for the last a single of trading hit 76.88, and the three-weeks RSI is set at 66.03 for Porch Group Inc [PRCH]. The present Moving Average for the last 50 days of trading for this stock 1.4100, while it was recorded at 1.4900 for the last single week of trading, and 2.3200 for the last 200 days.
Porch Group Inc [PRCH]: Deeper insight into the fundamentals
Porch Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 0.95.
Insider trade positions for Porch Group Inc [PRCH]
There are presently around $49.22%, or 61.18%% of PRCH stock, in the hands of institutional investors. The top three institutional holders of PRCH stocks are: GRANAHAN INVESTMENT MANAGEMENT, LLC with ownership of 9.89 million shares, which is approximately 10.142%. BLACKROCK INC., holding 4.98 million shares of the stock with an approximate value of $$7.52 million in PRCH stocks shares; and BLACKROCK INC., currently with $$6.56 million in PRCH stock with ownership which is approximately 4.4526%.
