After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Porch Group Launches New Product in the Rynoh Title Platform.
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Stocks Info
The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $2.40 and fluctuated between $2.5400 as its day high and $2.3700 as its day low. The current market capitalization of Porch Group Inc is $237.29M. A total of 0.74 million shares were traded on the day, compared to an average of 1.73M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PRCH has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 10,000 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 18 SELLs from insiders. Insiders purchased 4,240,966 shares during that period but sold 2,718,355.
In the most recent transaction, Velasquez Camilla bought 1,969 shares of PRCH for 2.53 per share on Dec 15. After the transaction, the Director now owns 45,218 company shares. In a previous transaction on Nov 13, Lam Rachel bought 2,500 shares at 1.15 per share. PRCH shares that Director owns now total 133,775.
Among the insiders who bought shares, Lam Rachel acquired of 7,500 shares on Nov 10 at a per-share price of $0.97. This resulted in the Director holding 131,275 shares of PRCH after the transaction. In another insider transaction, Ehrlichman Matt bought 67,225 shares at $0.79 per share on Oct 02. Company shares held by the CEO, CHAIRMAN AND FOUNDER now total 13,875,628.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PRCH has a high of $3.99 and a low of $0.50.
As of this writing, PRCH has an earnings estimate of $Porch Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of Arch Resources, Inc. estimates, with a high estimate of $PotlatchDeltic Corporation – Co per share and a lower estimate of $PROCEPT BioRobotics Corporation.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PRCH’s latest balance sheet shows that the firm has $324.99M in Cash & Short Term Investments as of fiscal 2021. There were $417.43M in debt and $363.12M in liabilities at the time. Its Book Value Per Share was -$0.38, while its Total Shareholder’s Equity was $217.04M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.25.
