BILL Holdings Inc [BILL] stock prices are up 3.71% to $66.46 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BILL shares have gain 4.10% over the last week, with a monthly amount drifted -3.16%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, BILL Announces Repurchase of 0.0% Convertible Senior Notes Due 2025. In a post published today on Yahoo Finance, BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced that it has entered into various privately negotiated repurchase transactions (collectively, the Repurchases) to repurchase approximately $748.2 million aggregate principal amount of BILL’s outstanding 0.0% Convertible Senior Notes due 2025 (the 2025 Notes). The aggregate cash repurchase price is approximately $707.1 million, subject to final adjustment based on the volume weighted average price of BILL common stock during the agreed upon measurement period. The Repurchases are expected to close on March 13, 2024, subject to customary closing conditions. Following the closing of the Repurchases, BILL intends to cancel the repurchased 2025 Notes and, after such cancellation of repurchased 2025 Notes, approximately $401.8 million aggregate principal amount of 2025 Notes will remain outstanding. The Repurchases could affect the market price of BILL common stock.
From an analyst’s perspective:
BILL Holdings Inc [NYSE: BILL] stock has seen the most recent analyst activity on April 01, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $60 from $70. Previously, Exane BNP Paribas upgraded its rating to Neutral on March 13, 2024, and kept the price target unchanged to $72. On January 23, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $75 on the stock. William Blair downgraded its rating to a Mkt Perform. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Wells Fargo started tracking with a Overweight rating for this stock on October 31, 2023, and assigned it a price target of $115.
The stock price of BILL Holdings Inc [BILL] has been fluctuating between $51.94 and $139.50 over the past year. Currently, Wall Street analysts expect the stock to reach $179.35 within the next 12 months. BILL Holdings Inc [NYSE: BILL] shares were valued at $66.46 at the most recent close of the market. An investor can expect a potential return of 169.86% based on the average BILL price forecast.
Analyzing the BILL fundamentals
The BILL Holdings Inc [NYSE:BILL] reported sales of 1.19B for trailing twelve months, representing a surge of 22.50%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 65.04 points at the first support level, and at 63.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.23, and for the 2nd resistance point, it is at 68.01.
BILL Holdings Inc [BILL] reported earnings per share of $0.63 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.4/share, meaning a difference of $0.23 and a surprise factor of 57.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.54 per share as compared to estimates of $0.5 per share, a difference of $0.04 representing a surprise of 8.00%.
Ratios To Look Out For
It’s worth pointing out that BILL Holdings Inc [NYSE:BILL]’s Current Ratio is 1.69. As well, the Quick Ratio is 1.69, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 5.86, the price to book ratio is 1.77.
Transactions by insiders
Recent insider trading involved Cota Germaine, SVP, FINANCE & ACCOUNTING, that happened on Mar 07 ’24 when 920.0 shares were sold. CLO & CCO, Aji Rajesh A. completed a deal on Mar 01 ’24 to sell 2529.0 shares. Meanwhile, CLO & CCO Aji Rajesh A. sold 248.0 shares on Feb 07 ’24.
