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The closing price of BigCommerce Holdings Inc (NASDAQ: BIGC) was $8.10 for the day, down -0.49% from the previous closing price of $8.14. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 0.87 million shares were traded. BIGC stock price reached its highest trading level at $8.265 during the session, while it also had its lowest trading level at $7.88.
Ratios:
Our analysis of BIGC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.93 and its Current Ratio is at 4.93. In the meantime, Its Debt-to-Equity ratio is 13.00 whereas as Long-Term Debt/Eq ratio is at 12.89.
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 March 25, 2024, 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 28 ’24 when Bellm Brent sold 31,907 shares for $8.35 per share. The transaction valued at 266,401 led to the insider holds 719,939 shares of the business.
Klein Russell Scott sold 9,644 shares of BIGC for $80,521 on May 28 ’24. The Chief Commercial Officer now owns 425,888 shares after completing the transaction at $8.35 per share. On May 28 ’24, another insider, Dhatt Brian Singh, who serves as the Chief Technology Officer of the company, sold 5,787 shares for $8.35 each. As a result, the insider received 48,317 and left with 240,841 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 625923456 and an Enterprise Value of 713847680. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 23.24. Its current Enterprise Value per Revenue stands at 2.245 whereas that against EBITDA is -22.678.
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 $5.62. The 50-Day Moving Average of the stock is 1.49%, while the 200-Day Moving Average is calculated to be 0.27%.
Shares Statistics:
BIGC traded an average of 728.16K shares per day over the past three months and 455740 shares per day over the past ten days. A total of 76.41M shares are outstanding, with a floating share count of 61.69M. Insiders hold about 20.16% of the company’s shares, while institutions hold 78.21% stake in the company. Shares short for BIGC as of 1721001600 were 9692021 with a Short Ratio of 13.31, compared to 1718323200 on 9344510. Therefore, it implies a Short% of Shares Outstanding of 9692021 and a Short% of Float of 15.47.
