BigCommerce Holdings Inc. (NASDAQ:BIGC) saw an upside of 0.85% to close Friday at $10.72 after adding $0.09 on the day. The 5-day average trading volume is 724,220 shares of the company’s common stock. It has gained $11.21 in the past week and touched a new high 1 time within the past 5 days. An average of 1,133,740 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 964,404.
BIGC’s 1-month performance is 4.79% or $0.25 on its low of $9.52 reached on 08/03/23. The company’s shares have touched a 52-week low of $6.81 and high of $20.17, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BIGC has achieved 22.65% or $1.98 and has reached a new high 12 times. However, the current price is down -46.85% from the 52-week high price.
Insider Transactions
BIGC stock investors last saw insider trading activity on Aug 10.Richards Jeffrey Gordon (Director) most recently sold 287,816 shares at $10.66 per share on Aug 10. This transaction cost the insider $3,067,888. Chief Marketing Officer, EGGERTON LISA, sold 20,756 shares at a price of $10.10 on Jul 10. Then, on Jun 30, Chief Marketing Officer EGGERTON LISA sold 9,581 shares at a price of $10.00 per share. This transaction amounted to $95,822.
Valuation Metrics
BIGC stock has a beta of 0.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.73 while the price-to-book (PB) in the most recent quarter is 29.78.
BigCommerce Holdings Inc.’s quick ratio for the period ended June 29 was 4.10, with the current ratio over the same period at 4.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 12.60, while the total debt to equity was 12.62. In terms of profitability, the gross margin trailing 12 months is 75.30%. The trailing 12-month EBITDA margin is -31.03% while for the period ending June 29, BigCommerce Holdings Inc.’s operating margin was -37.60%. The firm’s gross profit as reported stood at $209.09 million against revenue of $279.07 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -107.71% to -$19.07 million, while revenue of -$22.12 million was -15.99% off the previous quarter. Analysts expected BIGC to announce -$0.09 per share in earnings in its latest quarter, but it posted -$0.02, representing a 77.80% surprise. EBITDA for the quarter stood at more than -$17.46 million. BIGC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 440.58 million, with total debt at $350.69 million. Shareholders hold equity totaling $75.06 million.
Let’s look briefly at BigCommerce Holdings Inc. (BIGC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 50.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.28%.
The stock’s 5-day moving average is $10.82, reflecting a -2.01% or -$0.22 change from its current price. BIGC is currently trading +6.67% above its 20-day SMA, +25.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.90% and SMA200 by-27.86%.
Stochastic %K and %D was 36.84% and 39.53% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 52.69%, while the 14-day stochastic is at 37.15% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for BigCommerce Holdings Inc. (NASDAQ: BIGC), DA Davidson launched coverage with a Neutral rating. Analysts offering their rating for BIGC stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BIGC as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is BIGC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $20.00, with their median price target at $12.50. Looking at these predictions, the average price target given by analysts is for BigCommerce Holdings Inc. (BIGC) stock is $12.75.
