BigCommerce Holdings Inc [NASDAQ: BIGC] loss -0.16% on the last trading session, reaching $6.28 price per share at the time.
If compared to the average trading volume of 1.01M shares, BIGC reached a trading volume of 297858 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $8.40 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 2.50. 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 0.36, with the Price to Sales ratio for BIGC stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 16.97, with the Price to Cash per share for the same quarter was set at 2.17. Price to Free Cash Flow for BIGC in the course of the last twelve months was 21.22 with Quick ratio for the last quarter at 2.71.
Trading performance analysis for BIGC stock
BigCommerce Holdings Inc [BIGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.32. With this latest performance, BIGC shares dropped by -8.05% in over the last four-week period, additionally sinking by -17.37% over the last 6 months – not to mention a drop of -35.26% 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 39.73, with the RSI for the last a single of trading hit 32.01, and the three-weeks RSI is set at 44.40 for BigCommerce Holdings Inc [BIGC]. The present Moving Average for the last 50 days of trading for this stock 6.38, while it was recorded at 6.29 for the last single week of trading, and 6.71 for the last 200 days.
BigCommerce Holdings Inc [BIGC]: A deeper dive into fundamental analysis
BigCommerce Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.71 and a Current Ratio set at 2.71.
BigCommerce Holdings Inc [BIGC]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at BigCommerce Holdings Inc [BIGC]
There are presently around $76.72%, or 91.84%% of BIGC stock, in the hands of institutional investors. The top three institutional holders of BIGC stocks are: VANGUARD GROUP INC with ownership of 10.73 million shares, which is approximately 14.0056%. CADIAN CAPITAL MANAGEMENT, LP, holding 6.85 million shares of the stock with an approximate value of $$55.23 million in BIGC stocks shares; and CADIAN CAPITAL MANAGEMENT, LP, currently with $$52.38 million in BIGC stock with ownership which is approximately 8.4817%.
