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Wednesday, February 8, 2023

What Are The Chances Of BigCommerce Holdings Inc. (NASDAQ: BIGC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for BigCommerce Holdings Inc. (BIGC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.12%, to $8.32. The BigCommerce Holdings Inc. has recorded 21,175 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that BigCommerce Announces Plan to Accelerate Path to Profitability.

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Stocks Info

As a NASDAQ listed company, BIGC falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $8.33 and fluctuated between $8.40 as its day high and $7.78 as its day low. The current market capitalization of BigCommerce Holdings Inc. is $590.18M. A total of 0.89 million shares were traded on the day, compared to an average of 1.34M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BIGC has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 2,949 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 95 SELLs from insiders. Insiders purchased 1,045,939 shares during that period but sold 1,180,912.

In the most recent transaction, EGGERTON LISA sold 13,911 shares of BIGC for 17.08 per share on Sep 12. After the transaction, the Chief Marketing Officer now owns 103,447 company shares. In a previous transaction on Aug 15, Alvarez Robert sold 9,110 shares at 20.58 per share. BIGC shares that Chief Financial Officer owns now total 189,354.

Among the insiders who sold shares, Richards Jeffrey Gordon disposed of 148,584 shares on Aug 11 at a per-share price of $20.54. This resulted in the Director holding 66,428 shares of BIGC after the transaction. In another insider transaction, EGGERTON LISA sold 20,130 shares at $20.36 per share on Aug 10. Company shares held by the Chief Marketing Officer now total 106,228.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BIGC in the last 3 months, the mean price target is $14.71 with high estimates of $21.00 and low estimates of $9.50. In terms of 52-week highs and lows, BIGC has a high of $34.98 and a low of $7.74.

As of this writing, BIGC has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.18 in the last quarter, which was -5.90% lower than expectations of -$0.17.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIGC is Underweight with a score of 3.60. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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