BigCommerce Holdings Inc [NASDAQ: BIGC] traded at a low on Wednesday, posting a -3.60 loss after which it closed the day’ session at $6.69.
The results of the trading session contributed to over 3885892 shares changing hands. Over the past one week, the price volatility of BigCommerce Holdings Inc stands at 8.38% while the volatility over the past one month is 4.84%.
The market cap for BIGC stock reached $512.45 million, with 76.41 million shares outstanding and 65.45 million shares in the current float. Compared to the average trading volume of 727.70K shares, BIGC reached a trading volume of 3885892 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about BigCommerce Holdings Inc [BIGC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BIGC shares is $9.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BIGC stock is a recommendation set at 2.64. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for BigCommerce Holdings Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 25, 2024. While these analysts kept the previous recommendation, Goldman raised their target price from $11.50 to $9.50. The new note on the price target was released on February 05, 2024, representing the official price target for BigCommerce Holdings Inc stock. Previously, the target price had yet another raise to $12, while UBS analysts kept a Neutral rating on BIGC stock.
The Average True Range (ATR) for BigCommerce Holdings Inc is set at 0.33, with the Price to Sales ratio for BIGC stock in the period of the last 12 months amounting to 1.66. The Price to Book ratio for the last quarter was 20.02, with the Price to Cash per share for the same quarter was set at 3.54.
How has BIGC stock performed recently?
BigCommerce Holdings Inc [BIGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.75. With this latest performance, BIGC shares gained by 1.36% in over the last four-week period, additionally sinking by -30.75% over the last 6 months – not to mention a drop of -5.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BIGC stock in for the last two-week period is set at 58.58, with the RSI for the last a single of trading hit 65.48, and the three-weeks RSI is set at 53.05 for BigCommerce Holdings Inc [BIGC]. The present Moving Average for the last 50 days of trading for this stock 6.70, while it was recorded at 6.37 for the last single week of trading, and 8.76 for the last 200 days.
BigCommerce Holdings Inc [BIGC]: Deeper insight into the fundamentals
BigCommerce Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.72 and a Current Ratio set at 4.72.
Earnings analysis for BigCommerce Holdings Inc [BIGC]
With the latest financial reports released by the company, BigCommerce Holdings Inc posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 46.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BIGC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BigCommerce Holdings Inc go to 5.30%.
Insider trade positions for BigCommerce Holdings Inc [BIGC]
The top three institutional holders of BIGC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BIGC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BIGC stock with ownership which is approximately 5.8386%.
