As of Thursday close, BigCommerce Holdings Inc.’s (NASDAQ:BIGC) stock was down -$0.37, moving down -3.64 percent to $9.79. The average number of shares traded per day over the past five days has been 999,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.86 fall in that time frame. In the last twenty days, the average volume was 838,305, while in the previous 50 days, it was 924,140.
Since last month, BIGC stock retreated -8.08%. Shares of the company fell to $9.70 on 09/21/23, the lowest level in the past month. A 52-week high of $16.97 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 12.01% or $1.05, and marked a new high 12 times. However, the stock has declined by -42.31% since its 52-week high.
BIGC stock investors should be aware that BigCommerce Holdings Inc. (BIGC) stock had its last reported insider trading activity 43 days ago on Aug 10. Richards Jeffrey Gordon, the Director of the company, disposed of 287,816 shares for $10.66 on Aug 10. It resulted in a $3,067,888 divestment by the insider. EGGERTON LISA sold 20,756 shares at an average price of $10.10 on Jul 10. The insider now owns 134,002 shares following the transaction. On Jun 30, Chief Marketing Officer EGGERTON LISA sold 9,581 shares at $10.00 apiece. The transaction was valued at $95,822.
Valuation Metrics
The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 2.56, the price-to-book (PB) ratio of 27.19.
Financial Health
In the three months ended June 29, BigCommerce Holdings Inc.’s quick ratio stood at 4.10, while its current ratio was 4.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 12.60, and the total debt-to-equity ratio was 12.62. On the profitability front, the trailing twelve-month gross margin is 75.30% percent. In the year ended June 29, EBITDA margin amounted to -31.03%, whereas operating margins totaled -37.60%. 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 -242.80%.
In BigCommerce Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $339.04 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BIGC’s revenue rose 8.69% to $71.76 million during the quarter, while net income inched up to $74.69 million. While analysts expected BigCommerce Holdings Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.02 per share, beating the consensus estimate by 77.80%. During the quarter, the company generated -$17.46 million in EBITDA. The liabilities of BigCommerce Holdings Inc. were 440.58 million at the end of its most recent quarter ended June 29, and its total debt was $350.69 million. The value of shareholders’ equity is $75.06 million.
Technical Picture
This quick technical analysis looks at BigCommerce Holdings Inc.’s (BIGC) price momentum. With a historical volatility rate of 21.23%, the RSI 9-day stood at 24.54% on 21 September.
With respect to its five-day moving average, the current BigCommerce Holdings Inc. price is down by -8.08% percent or -$0.86. At present, BIGC shares trade -8.50% below its 20-day simple moving average and +32.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.14% below its SMA50 and +1.87% above its SMA200.
Stochastic coefficient K was 13.15% and Stochastic coefficient D was 15.57%, while ATR was 0.37. Given the Stochastic reading of 5.98% for the 14-day period, the RSI (14) reading has been calculated as 34.28%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at -0.55.
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 $12.50, the current consensus forecast for the stock is $10.00 – $20.00. Based on these forecasts, analysts predict BigCommerce Holdings Inc. (BIGC) will achieve an average price target of $12.75.
