The stock of BILL Holdings Inc. (NYSE:BILL) decreased by -$2.89 on Tuesday to finish at $102.04, down -2.75 percent. The last five days have seen an average of 1,359,000 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$6.92. The average number of shares traded over the last 20 days was 1,402,110, while the average volume over the last 50 days totaled 1,473,488.
BILL stock dropped -21.61% since last month. On 08/15/23, the company’s shares reached a one-month low of $101.78. The stock touched a high of $179.85 on 07/19/23, after rallying from a low of $68.30 in 52 weeks. The price of BILL stock has declined by -6.35% or -$6.92 this year, reaching a new high 6 times. Still, the stock price is down -43.26% from the 52-week high.
Insider Transactions
BILL stock investors should be aware that BILL Holdings Inc. (BILL) stock had its last reported insider trading activity 62 days ago on Jun 15. On Jun 15, President and CEO Lacerte Rene A. sold 32,649 shares at $114.62 each. This transaction resulted in the insider making $3,742,205. On Jun 07, Rettig John R. sold 5,650 shares at a price of US$114.06. After the transaction, the insider now owns 28,866 shares. CLO & CCO Aji Rajesh A. had earlier sold 4,149 shares on Jun 07 for $114.25 a share. The transaction was completed for $474,004.
Valuation Metrics
Beta for the stock is 1.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 11.24, the price-to-book (PB) ratio of 2.65, and the price-to-cash flow ratio of 157.58.
Financial Health
For the three months ended March 30, BILL Holdings Inc.’s quick ratio was 1.90, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.45, and the total debt to equity ratio is 0.45. As far as profitability goes, gross margin for the trailing twelve months is 76.10% percent. BILL Holdings Inc.’s EBITDA margin for the year ended March 30 was -34.38%, whereas its operating margin stood at -35.10% for the same period. Based on annual data, it had gross profit of $496.95 million and revenue of $641.96 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BILL’s return on assets (ROA) during the last 12 months has been -3.10%. There was a -5.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -7.20%.
Earnings Surprise
According to BILL Holdings Inc.’s quarterly financial report for the quarter that ended March 30, it had $135.06 million in total debt versus $1.07 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $272.56 million, while revenues rose by 38.76% to $260.01 million. It was predicted that BILL Holdings Inc.’s quarterly earnings would be $0.5, but it ended up being $0.24, beating the consensus by 108.30%. EBITDA was -$28.33 million for the quarter. At the end of BILL Holdings Inc.’s most recent quarter ended March 30, its liabilities totaled 5.28 billion, while its total debt was $1.93 billion. Equity owned by shareholders amounts to $106.27 million.
Technical Picture
Here’s a quick look at BILL Holdings Inc.’s (BILL) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 18.40%, suggesting the stock is oversold, with a 12.19% historical volatility rate.
The stochastic %K and %D were 6.57% and 6.20% respectively, while the average true range (ATR) was 4.48. Based on the 14-day stochastic reading of 1.01%, the RSI (14) reading is 28.65%. On the 9-day MACD Oscillator, the stock is at -4.45, and the 14-day reading is at -9.40.
Analyst Ratings
BILL Holdings Inc. (NYSE: BILL) was downgraded by Keefe Bruyette to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned BILL Holdings Inc. (BILL) an Overweight rating. BILL is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 18 others recommend it as a buy.
What is BILL’s price target for the next 12 months?
The current consensus forecast for the stock is between $69.00 and $200.00, with a median target price of $138.00. In analyzing these forecasts, the average price target given by analysts for BILL Holdings Inc. (BILL) is $134.33.
