With a current price of $97.76, BigCommerce Holdings Inc. [NASDAQ:BIGC] is active in the Software – Application industry, with a 5-day price swing of 15.46%.
For the year, the stock is trading 35.27%, while, as a point of reference, the S&P 500 is trading 0.87% YTD. Other data to note on this name is a price per sales number of 44.27.
The Price is right
Holding a Market Cap of $5.70 billion, BigCommerce Holdings Inc. has seen a trading range over the last year of $63.77-$162.50.
For the last five days, BIGC is up from its last closing price. The average shares trading hands each day is 3.92M, with average 10-day volume coming in at 2.02 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BIGC. When we apply the Elder Force Index to BigCommerce Holdings Inc., we are seeing an Elder Force Indicator number of 10528007.35.
BigCommerce Holdings Inc. also saw quarter revenue growth year over year of 22.03%. In addition, the company has operating cash flow of -$35.8 million.
Looking at popular technical indicators, the company’s 5-day moving average is 92.33 compared to the 50-day moving average of 92.31. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BIGC currently holds a 9-day RSI of 62.87%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BIGC’s 9-day MACD is 4.27.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
Regarding institutional holdings, Avitas Wealth Management LLC owns 0.01%.
Overall, the recommended rating for BIGC is Hold. Currently, the company has 8 analysts watching the stock, and the average quarterly earnings estimate is -0.29. Quarterly revenue estimates are averaging 35.85M with the high estimate reaching 36.3M and the low at 34.1M.
To review, the current 1-year target estimate is sitting at 100.00, while the current price 97.76. Based on this, we expect the stock to rise considering the aforementioned fundamentals.