The stock price of BigCommerce Holdings Inc (NASDAQ: BIGC) has plunged by -4.85 when compared to previous closing price of 6.60, but the company has seen a -5.56% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-10 that AUSTIN, Texas, April 10, 2024 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced it will report its financial results for the first quarter ended March 31, 2024, before market open on Thursday, May 9, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m.
Is It Worth Investing in BigCommerce Holdings Inc (NASDAQ: BIGC) Right Now?
BIGC has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BIGC is 64.77M, and currently, short sellers hold a 7.24% ratio of that float. The average trading volume of BIGC on April 11, 2024 was 624.60K shares.
BIGC’s Market Performance
BIGC’s stock has seen a -5.56% decrease for the week, with a -16.27% drop in the past month and a -27.90% fall in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 3.11% for BigCommerce Holdings Inc The simple moving average for the last 20 days is -10.28% for BIGC stock, with a simple moving average of -31.54% for the last 200 days.
Analysts’ Opinion of BIGC
Many brokerage firms have already submitted their reports for BIGC stocks, with BofA Securities repeating the rating for BIGC by listing it as a “Underperform.” The predicted price for BIGC in the upcoming period, according to BofA Securities is $7.50 based on the research report published on March 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see BIGC reach a price target of $9.50, previously predicting the price at $11.50. The rating they have provided for BIGC stocks is “Neutral” according to the report published on February 05th, 2024.
UBS gave a rating of “Neutral” to BIGC, setting the target price at $12 in the report published on September 22nd of the previous year.
BIGC Trading at -18.08% from the 50-Day Moving Average
After a stumble in the market that brought BIGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.75% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -15.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.73% lower at present.
During the last 5 trading sessions, BIGC fell by -5.56%, which changed the moving average for the period of 200-days by -30.91% in comparison to the 20-day moving average, which settled at $6.94. In addition, BigCommerce Holdings Inc saw -35.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BIGC starting from Bellm Brent, who sale 8,078 shares at the price of $7.63 back on Mar 04 ’24. After this action, Bellm Brent now owns 722,705 shares of BigCommerce Holdings Inc, valued at $61,649 using the latest closing price.
Klein Russell Scott, the Chief Commercial Officer of BigCommerce Holdings Inc, sale 3,198 shares at $7.63 during a trade that took place back on Mar 04 ’24, which means that Klein Russell Scott is holding 428,770 shares at $24,406 based on the most recent closing price.
Stock Fundamentals for BIGC
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.76 for the gross margin
The net margin for BigCommerce Holdings Inc stands at -0.21. The total capital return value is set at -0.18. Equity return is now at value -181.65, with -14.09 for asset returns.
Based on BigCommerce Holdings Inc (BIGC), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 13.42. The interest coverage ratio of the stock is -46.96.
Currently, EBITDA for the company is -43.28 million with net debt to EBITDA at -6.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 8.2for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.72.
Conclusion
To put it simply, BigCommerce Holdings Inc (BIGC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
