Porch Group Inc. (NASDAQ: PRCH) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Porch Group Inc. (PRCH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -2.99%, to $2.27. Volume reached 19,153 shares, with price reaching a high of $2.27 and a low of $2.2. Yahoo Finance discussed the stock recently as it posted Porch Group’s Floify Announces Technology Partnership with National Association of Mortgage Brokers (NAMB).

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Stocks Info

Porch Group Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $2.24 and fluctuated between $2.3800 as its day high and $2.1999 as its day low. The current market capitalization of Porch Group Inc. is $233.09M. A total of 1.46 million shares were traded on the day, compared to an average of 2.26M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PRCH has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 116,100 and the disposition of 32,996 shares. Over the last 12 months, there were 66 BUYs and 50 SELLs from insiders. Insiders purchased 2,555,182 shares during that period but sold 753,831.

In the most recent transaction, Neagle Matthew bought 100,000 shares of PRCH for 2.20 per share on Aug 22. After the transaction, the CHIEF OPERATING OFFICER now owns 763,825 company shares. In a previous transaction on Aug 12, Kell Sean Davis bought 16,100 shares at 3.13 per share. PRCH shares that Director owns now total 55,840.

Among the insiders who bought shares, Kell Sean Davis acquired of 10,820 shares on May 16 at a per-share price of $4.62. This resulted in the Director holding 10,820 shares of PRCH after the transaction. In another insider transaction, Ehrlichman Matt bought 273,128 shares at $3.66 per share on May 12. Company shares held by the CEO, CHAIRMAN AND FOUNDER now total 9,591,070.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PRCH in the last 3 months, the mean price target is $8.50 with high estimates of $16.00 and low estimates of $3.50. In terms of 52-week highs and lows, PRCH has a high of $27.50 and a low of $1.80.

As of this writing, PRCH has an earnings estimate of $-0.18 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $-0.11 per share and a lower estimate of $-0.23. The company reported an EPS of $-0.27 in the last quarter, which was -12.5% lower than expectations of $-0.24.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRCH is Hold with a score of 4.80. A total of 10 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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