The stock price of BigCommerce Holdings Inc (NASDAQ: BIGC) has jumped by 13.53 compared to previous close of 5.69. Despite this, the company has seen a gain of 23.28% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Although the revenue and EPS for BigCommerce (BIGC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in BigCommerce Holdings Inc (NASDAQ: BIGC) Right Now?
Moreover, the 36-month beta value for BIGC is 1.02. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for BIGC is 62.48M and currently, short sellers hold a 13.02% of that float. On November 07, 2024, BIGC’s average trading volume was 967.02K shares.
BIGC’s Market Performance
The stock of BigCommerce Holdings Inc (BIGC) has seen a 23.28% increase in the past week, with a 15.15% rise in the past month, and a 18.53% gain in the past quarter. The volatility ratio for the week is 4.42%, and the volatility levels for the past 30 days are at 4.09% for BIGC. The simple moving average for the past 20 days is 16.05% for BIGC’s stock, with a -6.56% simple moving average for the past 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 13.08% 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 -37.22% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares surge +16.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.30% upper at present.
During the last 5 trading sessions, BIGC rose by +25.19%, which changed the moving average for the period of 200-days by -20.68% in comparison to the 20-day moving average, which settled at $5.57. In addition, BigCommerce Holdings Inc saw -33.61% 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 Richards Jeffrey Gordon, who sale 76,571 shares at the price of $5.61 back on Aug 13 ’24. After this action, Richards Jeffrey Gordon now owns 7,192 shares of BigCommerce Holdings Inc, valued at $429,533 using the latest closing price.
Richards Jeffrey Gordon, the Director of BigCommerce Holdings Inc, sale 53,718 shares at $5.46 during a trade that took place back on Aug 14 ’24, which means that Richards Jeffrey Gordon is holding 5,291 shares at $293,461 based on the most recent closing price.
Stock Fundamentals for BIGC
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.75 for the gross margin
The net margin for BigCommerce Holdings Inc stands at -0.13. The total capital return value is set at -0.12. Equity return is now at value -155.13, with -8.94 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 -0.03. The debt to equity ratio resting at 13.15. The interest coverage ratio of the stock is -103.73.
Currently, EBITDA for the company is -43.28 million with net debt to EBITDA at -8.1. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 7.2for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.40.
Conclusion
To wrap up, the performance of BigCommerce Holdings Inc (BIGC) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
