BILL Holdings Inc (NYSE: BILL) Stock: Performance And Outlook

In the last trading session, 3.18 million BILL Holdings Inc (NYSE:BILL) shares changed hands as the company’s beta touched 1.75. With the company’s per share price at $64.60 changed hands at $0.88 or 1.38% during last session, the market valuation stood at $6.90B. BILL’s last price was a discount, traded about -115.94% off its 52-week high of $139.50. The share price had its 52-week low at $51.94, which suggests the last value was 19.6% up since then. When we look at BILL Holdings Inc’s average trading volume, we note the 10-day average is 6.0 million shares, with the 3-month average coming to 2.78 million.

Analysts gave the BILL Holdings Inc (BILL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.93. If we narrow down to specifics, the data shows that 1 out of 28 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended BILL as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. BILL Holdings Inc’s EPS for the current quarter is expected to be $0.41.

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BILL Holdings Inc (NYSE:BILL) trade information

Instantly BILL was in green as seen at the end of in last trading. With action 13.33%, the performance over the past five days has been green. The jump to weekly highs of 65.89 on Monday, 11/20/23 added 1.38% to the stock’s daily price. The company’s shares are showing year-to-date downside of -40.71%, with the 5-day performance at 13.33% in the green. However, in the 30-day time frame, BILL Holdings Inc (NYSE:BILL) is -36.04% down. Looking at the short shares, we see there were 6.23 million shares sold at short interest cover period of 3.58 days.

BILL Holdings Inc (BILL) estimates and forecasts

Data shows that the BILL Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -35.18% over the past 6 months, a 8.48% in annual growth rate that is considerably lower than the industry average of 18.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for BILL Holdings Inc will fall -2.40%, while the growth in revenue is estimated to hit -18.00% for the next quarter. Year-over-year growth is forecast to reach 16.10% up from the last financial year.

Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of $298.17 million. 22 analysts are of the opinion that BILL Holdings Inc’s revenue for the quarter ending Mar 2024 will be $302.74 million.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -84.18%. The 2023 estimates are for BILL Holdings Inc earnings to increase by 10.95%, but the outlook for the next 5-year period is at 13.36% per year.

BILL Dividends

BILL Holdings Inc is expected to release its next quarterly earnings report between January 31 and February 05.

BILL Holdings Inc (NYSE:BILL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.95% of BILL Holdings Inc shares while 100.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.70%. There are 100.57% institutions holding the BILL Holdings Inc stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Jun 29, 2023, the company held 11.76% of the shares, roughly 12.54 million BILL shares worth $1.47 billion.

Morgan Stanley holds the second largest percentage of outstanding shares, with 10.15% or 10.82 million shares worth $1.26 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund. With 6.47 million shares estimated at $756.42 million under it, the former controlled 6.07% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.96% of the shares, roughly 3.15 million shares worth around $368.55 million.

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