BigCommerce Holdings Inc [BIGC] stock prices are up 3.33% to $8.06 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BIGC shares have gain 8.92% over the last week, with a monthly amount drifted -2.07%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BigCommerce Holdings Inc [NASDAQ: BIGC] stock has seen the most recent analyst activity on March 25, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $7.50 from $11. Previously, Goldman downgraded its rating to Neutral on February 05, 2024, and dropped its price target to $9.50. On September 22, 2023, UBS initiated with a Neutral rating and assigned a price target of $12 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $11 on March 09, 2023. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $12 on February 07, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on January 20, 2023. In a note dated January 04, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $21 to $11.
The stock price of BigCommerce Holdings Inc [BIGC] has been fluctuating between $5.62 and $12.75 over the past year. Currently, Wall Street analysts expect the stock to reach $26.1 within the next 12 months. BigCommerce Holdings Inc [NASDAQ: BIGC] shares were valued at $8.06 at the most recent close of the market. An investor can expect a potential return of 223.82% based on the average BIGC price forecast.
Analyzing the BIGC fundamentals
The BigCommerce Holdings Inc [NASDAQ:BIGC] reported sales of 318.00M for trailing twelve months, representing a surge of 11.99%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -1.97 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of12.74.
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 7.82 points at the first support level, and at 7.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.24, and for the 2nd resistance point, it is at 8.42.
Ratios To Look Out For
It’s worth pointing out that BigCommerce Holdings Inc [NASDAQ:BIGC]’s Current Ratio is 4.93. On the other hand, the Quick Ratio is 4.93, and the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 23.12.
Transactions by insiders
Recent insider trading involved Bellm Brent, President Chief Exec Officer, that happened on May 28 ’24 when 31907.0 shares were sold. Chief Commercial Officer, Klein Russell Scott completed a deal on May 28 ’24 to sell 9644.0 shares. Meanwhile, Chief Technology Officer Dhatt Brian Singh sold 5787.0 shares on May 28 ’24.
