Market Insight: BILL Holdings Inc (BILL)’s Notable Drop, Closing at 49.96

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In the latest session, BILL Holdings Inc (NYSE: BILL) closed at $49.96 down -4.51% from its previous closing price of $52.32. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 1.85 million shares were traded. BILL stock price reached its highest trading level at $52.5 during the session, while it also had its lowest trading level at $49.83.

Ratios:

For a deeper understanding of BILL Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.

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, Wells Fargo on April 01, 2024, Downgraded its rating to Underweight and sets its target price to $60 from $70 previously.

On March 13, 2024, Exane BNP Paribas Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $72.

Wells Fargo Downgraded its Overweight to Equal Weight on January 23, 2024, whereas the target price for the stock was revised from $80 to $75.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 17 ’24 when Aji Rajesh A. sold 1,314 shares for $48.01 per share. The transaction valued at 63,085 led to the insider holds 7,812 shares of the business.

Aji Rajesh A. sold 2,616 shares of BILL for $134,992 on May 30 ’24. The CLO & CCO now owns 9,126 shares after completing the transaction at $51.60 per share. On May 30 ’24, another insider, Cota Germaine, who serves as the SVP, FINANCE & ACCOUNTING of the company, sold 642 shares for $51.59 each. As a result, the insider received 33,118 and left with 6,057 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, BILL now has a Market Capitalization of 5365454336 and an Enterprise Value of 4974769152. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.27 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 4.004 whereas that against EBITDA is -69.343.

Stock Price History:

Over the past 52 weeks, BILL has reached a high of $127.64, while it has fallen to a 52-week low of $45.90. The 50-Day Moving Average of the stock is -3.77%, while the 200-Day Moving Average is calculated to be -24.51%.

Shares Statistics:

For the past three months, BILL has traded an average of 1.73M shares per day and 1197720 over the past ten days. A total of 106.55M shares are outstanding, with a floating share count of 101.59M. Insiders hold about 4.28% of the company’s shares, while institutions hold 92.01% stake in the company. Shares short for BILL as of 1721001600 were 2769737 with a Short Ratio of 1.60, compared to 1718323200 on 3095530. Therefore, it implies a Short% of Shares Outstanding of 2769737 and a Short% of Float of 3.47.

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