At the last check on Friday, BigCommerce Holdings Inc.’s (NASDAQ:BIGC) stock was up $2.2, moving up 23.08 percent to $11.73. The average number of shares traded per day over the past five days has been 1,349,093 shares. 2 times new highs have been achieved over the past 5 days, with a $1.45 gain in that time frame. In the last twenty days, the average volume was 924,748, while in the previous 50 days, it was 1,024,147.
Since last month, BIGC stock rose 23.34%. Shares of the company fell to $9.13 on 07/06/23, the lowest level in the past month. A 52-week high of $21.80 was reached on 02/02/23 after having rallying from a 52-week low of $6.81. Since the beginning of this year, BIGC’s stock price has risen by 34.21% or $2.93, and marked a new high 12 times. However, the stock has declined by -46.19% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
BIGC stock investors should be aware that BigCommerce Holdings Inc. (BIGC) stock had its last reported insider trading activity 25 days ago on Jul 10. EGGERTON LISA, the Chief Marketing Officer of the company, disposed of 20,756 shares for $10.10 on Jul 10. It resulted in a $209,586 divestment by the insider. EGGERTON LISA sold 9,581 shares at an average price of $10.00 on Jun 30. The insider now owns 134,953 shares following the transaction. On Jun 28, Chief Marketing Officer EGGERTON LISA sold 8,445 shares at $10.00 apiece. The transaction was valued at $84,461.
Valuation Metrics
The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 2.99, the price-to-book (PB) ratio of 25.50.
Financial Health
In the recent quarter, BigCommerce Holdings Inc.’s quick ratio stood at 4.70, while its current ratio was 4.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 9.83, and the total debt-to-equity ratio was 9.83. On the profitability front, the trailing twelve-month gross margin is 75.30% percent. In the recent year, EBITDA margin amounted to -31.03%, whereas operating margins totaled -45.00%. Based on annual data, BIGC earned $209.09 million in gross profit and brought in $279.07 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.80%. Return on equity (ROE) for the past 12 months was -217.20%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BIGC’s revenue rose 7.96% to $72.43 million during the quarter, while net income inched up to $71.76 million. During the quarter, the company generated -$20.26 million in EBITDA. The liabilities of BigCommerce Holdings Inc. were 427.07 million at the end of its most recent quarter, and its total debt was $350.69 million. The value of shareholders’ equity is $74.55 million.
Technical Picture
This quick technical analysis looks at BigCommerce Holdings Inc.’s (BIGC) price momentum. With a historical volatility rate of 115.22%, the RSI 9-day stood at 68.35% on 03 August.
With respect to its five-day moving average, the current BigCommerce Holdings Inc. price is up by +14.19% percent or $1.45. At present, BIGC shares trade +21.18% above its 20-day simple moving average and +36.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +47.72% above its SMA50 and -12.39% below its SMA200.
Stochastic coefficient K was 27.38% and Stochastic coefficient D was 34.15%, while ATR was 0.79. Given the Stochastic reading of 66.56% for the 14-day period, the RSI (14) reading has been calculated as 66.25%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.12.
Analyst Ratings
DA Davidson launched its rating on BigCommerce Holdings Inc. (NASDAQ: BIGC) to a Neutral in a note to investors on March 09, 2023. BigCommerce Holdings Inc. (BIGC) has been rated Hold by analysts. According to 0 brokerage firms, BIGC is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BigCommerce Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $10.50, the current consensus forecast for the stock is $8.00 – $20.00. Based on these forecasts, analysts predict BigCommerce Holdings Inc. (BIGC) will achieve an average price target of $11.25.
