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Tuesday, September 26, 2023

BigCommerce Holdings Inc. (NASDAQ: BIGC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for BigCommerce Holdings Inc. (BIGC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.55%, to $10.94. The BigCommerce Holdings Inc. has recorded 414,914 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Consumer Ecommerce Expectations Continue to Put Pressure on B2B, BigCommerce Survey Finds.

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Stocks Info

BIGC belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $11.00 and fluctuated between $11.16 as its day high and $10.89 as its day low. The current market capitalization of BigCommerce Holdings Inc. is $806.74M. A total of 0.79 million shares were traded on the day, compared to an average of 921.29K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BIGC has seen 7 BUY and 3 SELL insider trades, representing the acquisition of 64,737 and the disposition of 38,782 shares. Over the last 12 months, there were 34 BUYs and 38 SELLs from insiders. Insiders purchased 852,163 shares during that period but sold 1,066,757.

In the most recent transaction, Richards Jeffrey Gordon sold 287,816 shares of BIGC for 10.66 per share on Aug 10. After the transaction, the Director now owns 25,669 company shares. In a previous transaction on Jul 10, EGGERTON LISA sold 20,756 shares at 10.10 per share. BIGC shares that Chief Marketing Officer owns now total 134,002.

Among the insiders who sold shares, EGGERTON LISA disposed of 9,581 shares on Jun 30 at a per-share price of $10.00. This resulted in the Chief Marketing Officer holding 134,953 shares of BIGC after the transaction. In another insider transaction, EGGERTON LISA sold 8,445 shares at $10.00 per share on Jun 28. Company shares held by the Chief Marketing Officer now total 137,253.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BIGC in the last 3 months, the mean price target is $12.75 with high estimates of $20.00 and low estimates of $10.00. In terms of 52-week highs and lows, BIGC has a high of $17.38 and a low of $6.81.

As of this writing, BIGC has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.07 in the last quarter, which was 46.20% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BIGC’s latest balance sheet shows that the firm has $399.88M in Cash & Short Term Investments as of fiscal 2021. There were $348.41M in debt and $62.81M in liabilities at the time. Its Book Value Per Share was $0.36, while its Total Shareholder’s Equity was $138.29M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.44.

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