BigCommerce Holdings Inc (NASDAQ: BIGC) closed the day trading at $6.92 down -4.95% from the previous closing price of $7.28. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 1028138 shares were traded.
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Ratios:
For a better understanding of BIGC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.72 and its Current Ratio is at 4.72. In the meantime, Its Debt-to-Equity ratio is 13.72 whereas as Long-Term Debt/Eq ratio is at 13.60.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on Mar-26-24, Downgraded its rating to Underperform and sets its target price to $7.50 from $11 previously.
On February 05, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $11.50 to $9.50.
On September 22, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $12.UBS initiated its Neutral rating on September 22, 2023, with a $12 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Bellm Brent sold 8,078 shares for $7.63 per share. The transaction valued at 61,649 led to the insider holds 722,705 shares of the business.
Klein Russell Scott sold 3,198 shares of BIGC for $24,406 on Mar 04 ’24. The Chief Commercial Officer now owns 428,770 shares after completing the transaction at $7.63 per share. On Mar 04 ’24, another insider, Dhatt Brian Singh, who serves as the Chief Technology Officer of the company, sold 1,919 shares for $7.63 each. As a result, the insider received 14,645 and left with 232,612 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIGC now has a Market Capitalization of 559.18M and an Enterprise Value of 639.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 20.71. Its current Enterprise Value per Revenue stands at 2.07 whereas that against EBITDA is -12.47.
Stock Price History:
Over the past 52 weeks, BIGC has reached a high of $12.75, while it has fallen to a 52-week low of $6.81. The 50-Day Moving Average of the stock is 7.99, while the 200-Day Moving Average is calculated to be 9.31.
Shares Statistics:
Over the past 3-months, BIGC traded about 626.59K shares per day on average, while over the past 10 days, BIGC traded about 667.01k shares per day. A total of 76.41M shares are outstanding, with a floating share count of 64.61M. Insiders hold about 15.65% of the company’s shares, while institutions hold 77.23% stake in the company. Shares short for BIGC as of Feb 29, 2024 were 4.59M with a Short Ratio of 7.32, compared to 4.09M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.99% and a Short% of Float of 6.48%.
Earnings Estimates
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.01, while EPS last year was -$0.07. The consensus estimate for the next quarter is $0.04, with high estimates of $0.06 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.31 and $0.1 for the fiscal current year, implying an average EPS of $0.21. EPS for the following year is $0.3, with 12 analysts recommending between $0.4 and $0.19.
Revenue Estimates
14 analysts predict $77.26M in revenue for the current quarter. It ranges from a high estimate of $78M to a low estimate of $77M. As of the current estimate, BigCommerce Holdings Inc’s year-ago sales were $71.76M, an estimated increase of 7.70% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $80.61M, an increase of 9.90% over than the figure of $7.70% in the same quarter last year. There is a high estimate of $81.64M for the next quarter, whereas the lowest estimate is $79.66M.
A total of 15 analysts have provided revenue estimates for BIGC’s current fiscal year. The highest revenue estimate was $335.1M, while the lowest revenue estimate was $329.4M, resulting in an average revenue estimate of $331.52M. In the same quarter a year ago, actual revenue was $309.39M, up 7.20% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $363.62M in the next fiscal year. The high estimate is $380.79M and the low estimate is $353.8M. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.
