Porch Group Inc (NASDAQ:PRCH) price on Thursday, May 09,rose 6.27% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.39.
A look at the stock’s price movement, the close in the last trading session was $3.19. Turning to its 52-week performance, $4.78 and $0.50 were the 52-week high and 52-week low respectively. Overall, PRCH moved -19.86% over the past month.
Porch Group Inc’s market cap currently stands at around $332.90 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PRCH is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PRCH’s current price about 0.24% and -6.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.79, while 7-day volatility ratio is 9.57% and 7.91% in the 30-day chart. Further, Porch Group Inc (PRCH) has a beta value of 2.20, and an average true range (ATR) of 0.29.
If we refocus on Porch Group Inc (NASDAQ:PRCH), historical trading data shows that trading volumes averaged 1.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 97.06 million shares.
The 23.30% of Porch Group Inc’s shares are in the hands of company insiders while institutional holders own 51.31% of the company’s shares. Current price change has pushed the stock 10.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRCH stock continues to rise going into the next quarter.