What Are The Chances Of Porch Group Inc (NASDAQ: PRCH) Becoming A Clear Buy?

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. Yahoo Finance discussed the stock recently as it posted Porch Group Attendance At Various Upcoming Investor Events.

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Stocks Info

Porch Group Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of Porch Group Inc is $373.73M. A total of 1.0 million shares were traded on the day, compared to an average of 1.73M shares.

In the most recent transaction, Tabak Shawn sold 25,678 shares of PRCH for 4.00 per share on Mar 21 ’24. After the transaction, the CHIEF FINANCIAL OFFICER now owns 311,351 company shares. In a previous transaction on Mar 20 ’24, Tabak Shawn sold 30,282 shares at 3.86 per share. PRCH shares that CHIEF FINANCIAL OFFICER owns now total 337,029.

Among the insiders who bought shares, Velasquez Camilla acquired of 1,969 shares on Dec 15 ’23 at a per-share price of $2.53. This resulted in the Director holding 45,218 shares of PRCH after the transaction. In another insider transaction, Lam Rachel bought 2,500 shares at $1.15 per share on Nov 13 ’23. Company shares held by the Director now total 133,775.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PRCH has a high of $4.30 and a low of $0.50.

As of this writing, PRCH has an earnings estimate of -$0.36 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.34 per share and a lower estimate of -$0.41. The company reported an EPS of -$0.06 in the last quarter, which was 76.00% higher than expectations of -$0.25.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 -$0.37, while its Total Shareholder’s Equity was $217.04M.

Analysts Opinion

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. 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 4.33.

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