Investing in BigCommerce Holdings Inc. (BIGC) is a safe bet with a significant edge

As of close of business last night, BigCommerce Holdings Inc.’s stock clocked out at $11.96, up 10.33% from its previous closing price of $10.84. In other words, the price has increased by $+1.12 from its previous closing price. On the day, 1237338 shares were traded. BIGC stock price reached its highest trading level at $11.98 during the session, while it also had its lowest trading level at $10.74.

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To gain a deeper understanding of BIGC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.70 and its Current Ratio is at 5.70. In the meantime, Its Debt-to-Equity ratio is 5.18 whereas as Long-Term Debt/Eq ratio is at 5.18.

Upgrades & Downgrades

On January 04, 2023, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $21 to $11.

Truist Downgraded its Buy to Hold on November 04, 2022, while the target price for the stock was maintained at $13.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 17 when Kaloustian Robert sold 3,672 shares for $10.56 per share. The transaction valued at 38,759 led to the insider holds 47,001 shares of the business.

EGGERTON LISA sold 13,911 shares of BIGC for $237,615 on Sep 12. The Chief Marketing Officer now owns 103,447 shares after completing the transaction at $17.08 per share. On Aug 15, another insider, Alvarez Robert, who serves as the Chief Financial Officer of the company, sold 9,110 shares for $20.58 each. As a result, the insider received 187,485 and left with 189,354 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18 while its Price-to-Book (P/B) ratio in mrq is 13.44.

Stock Price History:

Over the past 52 weeks, BIGC has reached a high of $34.00, while it has fallen to a 52-week low of $7.74. The 50-Day Moving Average of the stock is 9.00, while the 200-Day Moving Average is calculated to be 14.96.

Shares Statistics:

It appears that BIGC traded 1.38M shares on average per day over the past three months and 1.01M shares per day over the past ten days. A total of 73.51M shares are outstanding, with a floating share count of 69.20M. Insiders hold about 0.50% of the company’s shares, while institutions hold 73.10% stake in the company. Shares short for BIGC as of Oct 13, 2022 were 5.36M with a Short Ratio of 3.95M, compared to 4.97M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.30% and a Short% of Float of 8.06%.

Earnings Estimates

As of right now, 14 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.19 and a low estimate of -$0.23, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.12 and low estimates of -$0.15.

Analysts are recommending an EPS of between -$0.69 and -$0.75 for the fiscal current year, implying an average EPS of -$0.72. EPS for the following year is -$0.49, with 12 analysts recommending between -$0.39 and -$0.62.

Revenue Estimates

In the current quarter, 13 analysts expect revenue to total $69.61M. It ranges from a high estimate of $70.25M to a low estimate of $68.3M. As of the current estimate, BigCommerce Holdings Inc.’s year-ago sales were $59.28M, an estimated increase of 17.40% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $76.2M, an increase of 17.40% over than the figure of $17.40% in the same quarter last year. There is a high estimate of $78M for the next quarter, whereas the lowest estimate is $75.2M.

A total of 15 analysts have provided revenue estimates for BIGC’s current fiscal year. The highest revenue estimate was $282M, while the lowest revenue estimate was $278.5M, resulting in an average revenue estimate of $279.95M. In the same quarter a year ago, actual revenue was $219.85M, up 27.30% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $334.11M in the next fiscal year. The high estimate is $351.98M and the low estimate is $281M. The average revenue growth estimate for next year is up 19.30% from the average revenue estimate for this year.