In the last trading session, 1.32 million shares of the BigCommerce Holdings Inc. (NASDAQ:BIGC) were traded. Most recently the company’s share price was $7.90, and it changed around -$0.38 or -4.59% from the last close, which brings the market valuation of the company to $597.95M. BIGC currently trades at a discount to its 52-week high of $21.80, offering almost -175.95% off that amount. The share price’s 52-week low was $6.81, which indicates that the current value has risen by an impressive 13.8% since then. We note from BigCommerce Holdings Inc.’s average daily trading volume that its 10-day average is 1.06 million shares, with the 3-month average coming to 918.89K.
BigCommerce Holdings Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.60. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 12 recommended BIGC as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. BigCommerce Holdings Inc. is expected to report earnings per share of -$0.09 for the current quarter.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
BigCommerce Holdings Inc. (NASDAQ:BIGC) trade information
Instantly BIGC has showed a red trend with a performance of -4.59% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.49 on Tuesday, 05/23/23 increased the stock’s daily price by 6.95%. The company’s shares are currently down -9.61% year-to-date, but still up 8.82% over the last five days. On the other hand, BigCommerce Holdings Inc. (NASDAQ:BIGC) is -7.06% up in the 30-day period. We can see from the shorts that 5.81 million shares have been sold at a short interest cover period of 8.71 day(s).
The consensus price target as assigned by Wall Street analysts is $10.79, which translates to bulls needing to increase their stock price by 26.78% from its current value. Analyst projections state that BIGC is forecast to be at a low of $8.00 and a high of $20.00. In order for the stock price to hit the forecast high, the stock would need to plunge -153.16% from its current level, while the stock would need to crash -1.27% from its current level to reach the projected low.
BigCommerce Holdings Inc. (BIGC) estimates and forecasts
BigCommerce Holdings Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.30 percent over the past six months and at a 68.25% annual growth rate that is well above the industry average of 18.80%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 52.60% in revenue this quarter, and will report an increase of 73.30% in the next quarter. The year-over-year growth rate is expected to be 9.80%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $73.35 million in revenue for the current quarter. 15 analysts expect BigCommerce Holdings Inc. to make $78.97 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $68.2 million and $72.39 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.50%. Forecasts for the next quarter put sales growth at 9.10%.
BigCommerce Holdings Inc. earnings are expected to increase by -76.80% in 2023, but the outlook is positive 5.30% per year for the next five years.
BigCommerce Holdings Inc.’s next quarterly earnings report is expected to be released on May 04.
BigCommerce Holdings Inc. (NASDAQ:BIGC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.82% of BigCommerce Holdings Inc. shares, and 69.59% of them are in the hands of institutional investors. The stock currently has a share float of 78.91%. BigCommerce Holdings Inc. stock is held by 241 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 8.88% of the shares, which is about 6.62 million shares worth $59.2 million.
Morgan Stanley, with 7.71% or 5.75 million shares worth $51.41 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Wasatch Ultra Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 2.13 million shares worth $18.61 million, making up 2.86% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.77 million shares worth around $15.45 million, which represents about 2.37% of the total shares outstanding.