At the time of writing, BigCommerce Holdings Inc [BIGC] stock is trading at $6.27, up 10.19%. 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 BIGC shares have gain 19.66% over the last week, with a monthly amount glided 11.76%, and 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.
For the past year, the stock price of BigCommerce Holdings Inc fluctuated between $5.12 and $10.29. Currently, Wall Street analysts expect the stock to reach $19.55 within the next 12 months. BigCommerce Holdings Inc [NASDAQ: BIGC] shares were valued at $6.27 at the most recent close of the market. An investor can expect a potential return of 211.8% based on the average BIGC price forecast.
Analyzing the BIGC fundamentals
According to BigCommerce Holdings Inc [NASDAQ:BIGC], the company’s sales were 324.38M for trailing twelve months, which represents an 8.46% jump. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -1.67 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 13.15.
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 5.83 points at the first support level, and at 5.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.82, and for the 2nd resistance point, it is at 7.37.
Ratios To Look Out For
It is important to note that BigCommerce Holdings Inc [NASDAQ:BIGC] has a current ratio of 4.40. Further, the Quick Ratio stands at 4.40, while the Cash Ratio is 1.7. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 18.67.
Transactions by insiders
Recent insider trading involved Richards Jeffrey Gordon, Director, that happened on Aug 13 ’24 when 76571.0 shares were sold. Director, Richards Jeffrey Gordon completed a deal on Aug 14 ’24 to sell 53718.0 shares. Meanwhile, Director GGV CAP V ENTREPRENEURS FD LP bought 1901.0 shares on Aug 14 ’24.
