Monthly Drifts in BILL Holdings Inc (BILL) Stock: A Closer Look

BILL Holdings Inc [BILL] stock prices are up 1.63% to $53.61 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BILL shares have gain 4.58% over the last week, with a monthly amount glided 14.16%, and seem to be holding up well over a long-time horizon.

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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 $45.90 and $139.50 over the past year. Currently, Wall Street analysts expect the stock to reach $173.43 within the next 12 months. BILL Holdings Inc [NYSE: BILL] shares were valued at $53.61 at the most recent close of the market. An investor can expect a potential return of 223.5% based on the average BILL price forecast.

Analyzing the BILL fundamentals

The BILL Holdings Inc [NYSE:BILL] reported sales of 1.24B for trailing twelve months, representing a surge of 18.52%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.

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 52.68 points at the first support level, and at 51.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.35, and for the 2nd resistance point, it is at 55.08.

Ratios To Look Out For

It’s worth pointing out that BILL Holdings Inc [NYSE:BILL]’s Current Ratio is 1.63. Further, the Quick Ratio stands at 1.63, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 4.58, the price to book ratio is 1.40.

Transactions by insiders

Recent insider trading involved Aji Rajesh A., CLO & CCO, that happened on Jun 17 ’24 when 1314.0 shares were sold. CLO & CCO, Aji Rajesh A. completed a deal on May 30 ’24 to sell 2616.0 shares. Meanwhile, SVP, FINANCE & ACCOUNTING Cota Germaine sold 642.0 shares on May 30 ’24.

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