Watching BigCommerce Holdings Inc. (BIGC) For Insider Activity

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BigCommerce Holdings Inc. (NASDAQ:BIGC) finished Wednesday with a subtraction of -$0.14 to close at $7.88, a downside of -1.75 percent. An average of 1,015,420 shares of common stock have been traded in the last five days. There was a fall of -$0.75 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,316,745 shares traded, while the 50-day average volume stands at 1,444,286.

BIGC stock has decreased by -0.13% in the last month. The company shares reached their 1-month lowest point of $7.74 on 12/27/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $7.74 and a high of $38.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -77.72% or -$27.49 in price. In spite of this, the price is down -79.26% from the 52-week high.


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Insider Transactions

BIGC stock investors should be aware that BigCommerce Holdings Inc. (BIGC) stock had its last reported insider trading activity 108 days ago on Sep 12. In this transaction, the insider spent $237,615. Chief Financial Officer, Alvarez Robert, disposed of 9,110 shares at a price of $20.58 on Aug 15. The insider now owns more than $187,485 worth of shares. Prior to that, Director Richards Jeffrey Gordon went on to Sale 148,584 shares at $20.54 each on Aug 11. An amount of $3,052,032 was transacted.

Valuation Metrics

BigCommerce Holdings Inc. (BIGC) has a trailing price-to-sales (P/S) ratio at 2.16, the price-to-book (PB) ratio at 8.85.

Financial Health

The quick ratio of BigCommerce Holdings Inc. for the three months ended June 29 was 5.70, and the current ratio was 5.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.18 and a total debt to equity ratio of 5.18 for the quarter ending June 29. Its gross profit as reported stood at $171.38 million compared to revenue of $219.85 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BigCommerce Holdings Inc.’s return on assets was -26.90%.

Earnings Surprise

For the three-month period that ended June 29, BigCommerce Holdings Inc. had $206.13 million in cash and short-term investments compared to $337.01 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$30.3 million in the quarter, while revenues of -$39.61 million were grew 28.48%. The analyst consensus anticipated BigCommerce Holdings Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.19, a 20.80% surprise. For the quarter, EBITDA amounted to -$27.09 million. Shareholders own equity worth $73.68 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BigCommerce Holdings Inc. (BIGC) price momentum. RSI 9-day as of the close on 28 December was 31.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.10%.

As of today, BIGC’s price is $8.28 -8.69% or -$0.75 from its 5-day moving average. BIGC is currently trading -4.14% lower than its 20-day SMA and -58.13% lower than its 100-day SMA. However, the stock’s current price level is -40.84% below the SMA50 and -56.73% below the SMA200.

The stochastic %K and %D were 10.73% and 12.96%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 5.77% and the average true range at 0.69, the RSI (14) stands at 36.15%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -0.72.

Analyst Ratings

Truist downgraded BigCommerce Holdings Inc. (NASDAQ: BIGC) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for BigCommerce Holdings Inc. (BIGC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BIGC, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

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