As of Thursday close, BILL Holdings Inc.’s (NYSE:BILL) stock was down -$3.46, moving down -3.34 percent to $100.21. The average number of shares traded per day over the past five days has been 1,385,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$11.20 fall in that time frame. In the last twenty days, the average volume was 1,266,985, while in the previous 50 days, it was 1,605,988.
Since last month, BILL stock retreated -7.73%. Shares of the company fell to $99.60 on 09/21/23, the lowest level in the past month. A 52-week high of $154.12 was reached on 07/19/23 after having rallying from a 52-week low of $68.30. Since the beginning of this year, BILL’s stock price has dropped by -8.03% or -$8.75, and marked a new high 6 times. However, the stock has declined by -34.98% since its 52-week high.
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BILL stock investors should be aware that BILL Holdings Inc. (BILL) stock had its last reported insider trading activity 21 days ago on Sep 01. Lacerte Rene A., the President and CEO of the company, disposed of 39,235 shares for $116.92 on Sep 01. It resulted in a $4,587,530 divestment by the insider. Rettig John R. sold 9,416 shares at an average price of $112.25 on Aug 30. The insider now owns 28,866 shares following the transaction. On Aug 30, CLO & CCO Aji Rajesh A. sold 3,304 shares at $112.17 apiece. The transaction was valued at $370,605.
Valuation Metrics
The stock’s beta is 1.96. Besides these, the trailing price-to-sales (P/S) ratio of 10.27, the price-to-book (PB) ratio of 2.61, and the price-to-cash flow ratio of 69.45 may also be considered.
Financial Health
In the three months ended June 29, BILL Holdings Inc.’s quick ratio stood at 1.80, while its current ratio was 1.80, 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 0.42, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 81.70% percent. In the year ended June 29, operating margins totaled -27.90%. Based on annual data, BILL earned $864.49 million in gross profit and brought in $1.06 billion 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 -5.00%. Return on equity (ROE) for the past 12 months was -5.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BILL’s revenue rose 31.47% to $272.56 million during the quarter, while net income inched up to $295.01 million. While analysts expected BILL Holdings Inc. to report $0.41 quarterly earnings, the actual figure was $0.59 per share, beating the consensus estimate by 43.90%. During the quarter, the company generated -$14.87 million in EBITDA. The liabilities of BILL Holdings Inc. were 5.55 billion at the end of its most recent quarter ended June 29, and its total debt was $1.93 billion. The value of shareholders’ equity is $106.61 million.
Technical Picture
This quick technical analysis looks at BILL Holdings Inc.’s (BILL) price momentum. With a historical volatility rate of 16.63%, the RSI 9-day stood at 20.86% on 21 September.
With respect to its five-day moving average, the current BILL Holdings Inc. price is down by -10.05% percent or -$11.20. At present, BILL shares trade -8.58% below its 20-day simple moving average and +30.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately -17.51% below its SMA50 and -17.59% below its SMA200.
Stochastic coefficient K was 3.67% and Stochastic coefficient D was 7.63%, while ATR was 3.92. Given the Stochastic reading of 3.09% for the 14-day period, the RSI (14) reading has been calculated as 30.46%. As of today, the MACD Oscillator reading stands at -6.40, while the 14-day reading stands at -9.23.
Analyst Ratings
BMO Capital Markets reiterated its a Market perform rating on BILL Holdings Inc. (NYSE: BILL) in a note to investors. The analysts firm has however raised their price target to $116, representing a possible 16.49% increase in the stock price. BILL Holdings Inc. (BILL) has been rated Overweight by analysts. According to 1 brokerage firm, BILL is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BILL Holdings Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $133.35, the current consensus forecast for the stock is $90.00 – $200.00. Based on these forecasts, analysts predict BILL Holdings Inc. (BILL) will achieve an average price target of $133.07.
