How to Buy Porch Group Stock
Porch Group Inc
Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance.
Porch Group stock last closed at $3.32, up 0.3% from the previous day, and has increased 219.23% in one year. It has overperformed other stocks in the Software - Application industry by 1.94 percentage points. Porch Group stock is currently +570.71% from its 52-week low of $0.50, and -30.54% from its 52-week high of $4.78.
At the moment, there are 97.6M shares of PRCH outstanding. The market capitalization of PRCH is $324.02M. In the past 24 hours, 648,151 PRCH shares were traded.
How to Buy Porch Group Stock
Wondering how to invest in Porch Group stock? Here's how.
- Figure out where to buy Porch Group stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Porch Group stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your payment method and add your info.
- Analyze Porch Group stock: The Porch Group ticker symbol is PRCH. Is Porch Group stock a good investment? Should you buy shares of PRCH? How do PRCH's underlying business fundamentals look? Do top analysts think Porch Group is a good buy? Why has PRCH's stock price moved recently? (Hint: Our stock market research tools can help you understand if PRCH is a good stock to buy).
- Execute your PRCH purchase: Decide if you will purchase PRCH shares at the current market price or use a limit order to purchase PRCH stock at a given price.
- Get updates on your PRCH investment: Create a watchlist to get the latest news on your investment in Porch Group shares.
Step 1: Figure out where to buy Porch Group stock
You need an online brokerage account in order to access the NASDAQ market and buy PRCH shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal information so you are able to invest in PRCH stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've finished signing up on the stocks app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details transferring money into your investment account.
Step 4: Analyze Porch Group stock
After you have figured out the best place to buy Porch Group stock, it's very important to evaluate their stock prior to buying, so you truly understand the risk as well as the upside.
Porch Group Metrics
PRCH Due Diligence Checks
WallStreetZen was created to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on PRCH's stock page.
Is PRCH stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge PRCH's true value.
You can do more valuation research on PRCH's stock here.
PRCH Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the PRCH balance sheet.
- There are more short-term assets than long-term liabilities on the PRCH balance sheet.
Failed Financial Due Diligence Checks:
- PRCH debt to equity ratio of -26.21 is negative.
- PRCH profit margin has gone up by 0.26 percentage points in the past year, but the company is still unprofitable.
- PRCH's operating cash flow of $33.93M allows it to safely service it's debt of $435.74M.
- Total PRCH debt is still negative.
- PRCH earnings of -$101.48M is not enough to cover its interest payments.
Is PRCH stock a Buy, Hold, or Sell, according to analysts?
Out of 4 Equities analysts who give recommendations on PRCH, the consensus analyst rating on PRCH is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Porch Group stock forecast page.
PRCH Technical Indicators
PRCH Revenue
Last year, PRCH revenue was $430.30M. Over the last four year, PRCH's revenue has gone up by 53.46% per year. This was faster than the Software - Application industry average of 27.65%.
Dig into PRCH's earnings and revenue performance here.
Are PRCH insiders buying or selling the stock?
Over the past 12 months, insiders at PRCH have bought more shares than they have sold.
Matt Ehrlichman, CEO CHAIRMAN AND FOUNDER of PRCH, was the latest PRCH insider to sell. They sold $197,478.68 worth of PRCH stock on Apr 5, 2024.
Research more about who owns PRCH shares here.
Can I rely on PRCH as an income stream?
No, Porch Group doesn't provide an income stream by paying out dividends.
What do other traders have to say about PRCH?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your PRCH purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, place a limit order.
Hit the Open button and your broker will execute the order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your PRCH investment
Now that you own some shares in PRCH, you'll want to keep up with your new stock purchase.
Create a watchlist to monitor your PRCH stock.
PRCH Feed
How to Buy Stock in Porch Group
To reiterate, here are the 6 steps for buying Porch Group stock:
- Figure out where to buy Porch Group stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Porch Group stock
- Execute your PRCH purchase
- Get updates on your PRCH investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Porch Group, get started below.
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