BILL Holdings Inc. (NYSE:BILL) finished Wednesday with an addition of $1.0 to close at $109.61, an upside of 0.92 percent. An average of 3,678,340 shares of common stock have been traded in the last five days. There was a gain of $4.66 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 2,032,880 shares traded, while the 50-day average volume stands at 1,649,986.
BILL stock has decreased by -12.03% in the last month. The company shares reached their 1-month lowest point of $94.03 on 08/18/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $68.30 and a high of $179.85 in 52 weeks. It has reached a new high 6 times so far this year and achieved 0.60% or $0.65 in price. In spite of this, the price is down -39.05% from the 52-week high.
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Insider Transactions
BILL stock investors should be aware that BILL Holdings Inc. (BILL) stock had its last reported insider trading activity 70 days ago on Jun 15. In this transaction, the insider spent $3,742,205. CFO, Rettig John R., disposed of 5,650 shares at a price of $114.06 on Jun 07. The insider now owns more than $644,447 worth of shares. Prior to that, CLO & CCO Aji Rajesh A. went on to Sale 4,149 shares at $114.25 each on Jun 07. An amount of $474,004 was transacted.
Valuation Metrics
BILL Holdings Inc. (BILL) stock’s beta is 1.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.07, the price-to-book (PB) ratio at 2.85, and the price-to-cash flow ratio at 157.70.
Financial Health
The quick ratio of BILL Holdings Inc. for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.45 for the quarter ending June 29. Its gross profit as reported stood at $496.95 million compared to revenue of $641.96 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, BILL Holdings Inc.’s return on assets was -3.70%.
Earnings Surprise
For the three-month period that ended June 29, BILL Holdings Inc. had $135.06 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 -$31.14 million in the quarter, while revenues were shrunk -178.48%. The analyst consensus anticipated BILL Holdings Inc.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.59, a 43.90% surprise. For the quarter, EBITDA amounted to -$28.33 million. Shareholders own equity worth $106.27 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at BILL Holdings Inc. (BILL) price momentum. RSI 9-day as of the close on 23 August was 48.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.71%.
As of today, BILL’s price is $107.66 +4.44% or $4.66 from its 5-day moving average. BILL is currently trading -10.05% lower than its 20-day SMA and +43.11% higher than its 100-day SMA. However, the stock’s current price level is -5.11% below the SMA50 and -5.61% below the SMA200.
The stochastic %K and %D were 56.24% and 48.06%, respectively, and the average true range (ATR) was 5.59. With the 14-day stochastic at 61.90% and the average true range at 5.43, the RSI (14) stands at 46.58%. The stock has reached 2.39 on the 9-day MACD Oscillator while the 14-day reading was at 1.05.
Analyst Ratings
BMO Capital Markets reiterated its a Market perform rating on BILL Holdings Inc. (NYSE: BILL), but raised their price target to $120, indicating a potential price increase of 8.66% for the stock. The consensus rating for BILL Holdings Inc. (BILL) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BILL, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 16 others rate it as a “buy”.
What is BILL’s price target for the next 12 months?
Analysts predict a range of price targets between $73.00 and $200.00, with a median target of $136.00. Taking a look at these predictions, the average price target given by analysts for BILL Holdings Inc. (BILL) stock is $131.97.
