Additionally, the 36-month beta value for BILL is 1.61. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BILL is 101.59M and currently, short sellers hold a 2.73% ratio of that float. The average trading volume of BILL on July 26, 2024 was 1.75M shares.
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BILL) stock’s latest price update
BILL Holdings Inc (NYSE: BILL)’s stock price has soared by 3.87 in relation to previous closing price of 50.86. Nevertheless, the company has seen a gain of 0.15% in its stock price over the last five trading days. fool.com reported 2024-06-28 that Veeva Systems is a cloud computing provider for life sciences businesses. Bill Holdings streamlines payroll operations for businesses around the world.
BILL’s Market Performance
BILL Holdings Inc (BILL) has experienced a 0.15% rise in stock performance for the past week, with a 9.58% rise in the past month, and a -13.97% drop in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 3.44% for BILL. The simple moving average for the past 20 days is 0.65% for BILL’s stock, with a -21.61% simple moving average for the past 200 days.
Analysts’ Opinion of BILL
Many brokerage firms have already submitted their reports for BILL stocks, with Wells Fargo repeating the rating for BILL by listing it as a “Underweight.” The predicted price for BILL in the upcoming period, according to Wells Fargo is $60 based on the research report published on April 01, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see BILL reach a price target of $72. The rating they have provided for BILL stocks is “Neutral” according to the report published on March 13th, 2024.
Wells Fargo gave a rating of “Equal Weight” to BILL, setting the target price at $75 in the report published on January 23rd of the current year.
BILL Trading at 0.76% from the 50-Day Moving Average
After a stumble in the market that brought BILL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.61% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.71% lower at present.
During the last 5 trading sessions, BILL rose by +0.15%, which changed the moving average for the period of 200-days by -52.88% in comparison to the 20-day moving average, which settled at $52.67. In addition, BILL Holdings Inc saw -35.25% 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 BILL starting from Aji Rajesh A., who sale 1,314 shares at the price of $48.01 back on Jun 17 ’24. After this action, Aji Rajesh A. now owns 7,812 shares of BILL Holdings Inc, valued at $63,085 using the latest closing price.
Aji Rajesh A., the CLO & CCO of BILL Holdings Inc, sale 2,616 shares at $51.60 during a trade that took place back on May 30 ’24, which means that Aji Rajesh A. is holding 9,126 shares at $134,992 based on the most recent closing price.
Stock Fundamentals for BILL
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.81 for the gross margin
The net margin for BILL Holdings Inc stands at -0.04. The total capital return value is set at -0.04. Equity return is now at value -1.28, with -0.57 for asset returns.
Based on BILL Holdings Inc (BILL), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -10.16.
Currently, EBITDA for the company is -200.09 million with net debt to EBITDA at -3.46. When we switch over and look at the enterprise to sales, we see a ratio of 4.6. The receivables turnover for the company is 1.85for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
In conclusion, BILL Holdings Inc (BILL) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
