BigCommerce (BIGC) to Unveil Earnings This Thursday
Last Updated | May 3, 2024
Excitement brews as BigCommerce (NASDAQ: BIGC) gears up to unveil its earnings this Thursday, May 9th. Analysts anticipate earnings of $0.03 per share. Amidst this anticipation, let’s delve into the recent performance of BIGC stock.
Read Also: BigCommerce Rides AI Wave, Exceeds $300 Million in Annual Revenue
During Thursday’s trading hours, BIGC stock saw a slight uptick of $0.16, reaching $5.99. Trading activity was notable, with 579,017 shares exchanged, close to the average volume of 655,938. BigCommerce’s stock has seen fluctuations, with a 1-year low of $5.62 and a high of $12.75. Presently, its market cap stands at $458.83 million, with a P/E ratio of -6.97 and a beta of 0.84. The company’s 50-day moving average is $6.83, while the 200-day moving average is $8.20. Notably, BigCommerce maintains a debt-to-equity ratio of 13.30, alongside robust current and quick ratios.
Analysts have offered insights, with Morgan Stanley adjusting its price objective to $8.00 and maintaining an “equal weight” rating. Meanwhile, Bank of America reiterated an “underperform” rating, with a target price of $7.50. Goldman Sachs downgraded BigCommerce to “neutral,” lowering their target price to $9.50. Similarly, Piper Sandler and Truist Financial adjusted their target prices, emphasizing a “neutral” stance.
In the broader context, BigCommerce Holdings, Inc. operates a software-as-a-service platform globally, empowering enterprises, small businesses, and mid-markets. This platform facilitates seamless ecommerce operations, spanning store design, catalog management, hosting, checkout, order management, reporting, and integration with third-party services.
As Thursday approaches, anticipation builds, poised to uncover the next chapter in BigCommerce’s journey. Stay tuned for the latest updates on BIGC’s earnings revelation.
See Also: BigCommerce Presents The Next Big Thing – Experience Commerce Without Compromise
