BigCommerce Holdings Inc (NASDAQ: BIGC) Stock: More Upside Ahead?

In the latest trading session,, 1.35 million BigCommerce Holdings Inc (NASDAQ:BIGC) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $6.64 changed hands at -$0.3 or -4.32% at last look, the market valuation stands at $508.62M. BIGC’s current price is a discount, trading about -92.02% off its 52-week high of $12.75. The share price had its 52-week low at $5.62, which suggests the last value was 15.36% up since then. When we look at BigCommerce Holdings Inc’s average trading volume, we note the 3-month average coming to 727.70K.

BigCommerce Holdings Inc (NASDAQ:BIGC) trade information

Instantly BIGC was in red as seen in intraday trades today. With action 13.89%, the performance over the past five days has been green. The drop to weekly highs of 7.19 subtracted -4.32% to the stock’s daily price. The company’s shares are showing year-to-date downside of -31.76%, with the 5-day performance at 13.89% in the green. However, in the 30-day time frame, BigCommerce Holdings Inc (NASDAQ:BIGC) is 0.61% up.

BigCommerce Holdings Inc (BIGC) estimates and forecasts

Data shows that the BigCommerce Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -31.26% over the past 6 months, a 566.67% in annual growth rate that is considerably higher than the industry average of 20.10%. Year-over-year growth is forecast to reach 7.10% up from the last financial year.

Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 77.2M. 13 analysts are of the opinion that BigCommerce Holdings Inc’s revenue for the current quarter will be 80.48M. The company’s revenue for the corresponding quarters a year ago was 71.76M and 73.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.60%. The estimates for the next quarter sales put growth at 9.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -5.72%. The 2024 estimates are for BigCommerce Holdings Inc earnings to increase by 570.92%, but the outlook for the next 5-year period is at 5.30% per year.