Market Watch Highlights: BigCommerce Holdings Inc (BIGC) Ends on an Upturn Note at 5.69

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As of close of business last night, BigCommerce Holdings Inc’s stock clocked out at $5.69, up 7.77% from its previous closing price of $5.28. In other words, the price has increased by $7.77 from its previous closing price. On the day, 1.47 million shares were traded. BIGC stock price reached its highest trading level at $5.875 during the session, while it also had its lowest trading level at $5.49.

Ratios:

To gain a deeper understanding of BIGC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.40 and its Current Ratio is at 4.40. In the meantime, Its Debt-to-Equity ratio is 13.39 whereas as Long-Term Debt/Eq ratio is at 13.28.

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:

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 Aug 13 ’24 when Richards Jeffrey Gordon sold 76,571 shares for $5.61 per share. The transaction valued at 429,533 led to the insider holds 7,192 shares of the business.

Richards Jeffrey Gordon sold 53,718 shares of BIGC for $293,461 on Aug 14 ’24. The Director now owns 5,291 shares after completing the transaction at $5.46 per share. On Aug 14 ’24, another insider, GGV CAP V ENTREPRENEURS FD LP, who serves as the Director of the company, bought 1,901 shares for $5.46 each.

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 442415168 and an Enterprise Value of 516316864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 16.94. Its current Enterprise Value per Revenue stands at 1.592 whereas that against EBITDA is -20.888.

Stock Price History:

Over the past 52 weeks, BIGC has reached a high of $10.29, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is -0.16%, while the 200-Day Moving Average is calculated to be -17.80%.

Shares Statistics:

It appears that BIGC traded 955.25K shares on average per day over the past three months and 675390 shares per day over the past ten days. A total of 76.41M shares are outstanding, with a floating share count of 62.48M. Insiders hold about 19.64% of the company’s shares, while institutions hold 78.93% stake in the company. Shares short for BIGC as of 1728950400 were 8134196 with a Short Ratio of 8.52, compared to 1726185600 on 8502651. Therefore, it implies a Short% of Shares Outstanding of 8134196 and a Short% of Float of 12.879999999999999.

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