Exane BNP Paribas has recently raised BILL Holdings Inc (BILL) stock to Outperform rating, as announced on September 12, 2024, according to Finviz. Earlier, on August 26, 2024, BMO Capital Markets had reiterated the stock to Market Perform, setting a price target of $57 for BILL stock. Goldman also reduced Neutral rating with a price target of $54. Additionally, Wolfe Research reduced Peer Perform rating on August 1, 2024. Wells Fargo analysts, in their report published on April 1, 2024, also reduced Underweight rating and set a price target of $60 for BILL Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
BILL Holdings Inc (BILL) Stock Trading Recap
On Tuesday, BILL Holdings Inc (BILL) stock saw a decline, ending the day at $88.48 which represents a decrease of $-1.04 or -1.16% from the prior close of $89.52. The stock opened at $87.33 and touched a low of $87.17 during the day, reaching a high of $90.26. The volume of shares traded was 3.22 million exceeding the average volume of 1.67 million.
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BILL Stock Performance and Moving Averages
In recent trading, BILL Holdings Inc (BILL) stock price has shown some volatility, fluctuating -5.63% over the last five trades and 51.87% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 77.64%, and it has gained 61.78% in the previous three months. Currently, BILL is trading at 4.86%, 32.38%, and 50.34% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BILL, a Technology sector stock, is trading -6.15% below its 52-week high but remains 105.24% above its 52-week low. The Average True Range (ATR) (14 days) of 2.89 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
BILL Holdings Inc’s Profitability and Valuation Ratios
BILL Holdings Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -7.27% and a profit margin of 0.59%, with a gross margin of 77.64%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, BILL Holdings Inc’s market capitalization stands at $9.16 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 42.91. Additionally, the Price-to-Sales Ratio is 6.82, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.28, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.60% of BILL Holdings Inc (BILL)’s shares, while financial institutions hold 86.78%.
Notable insider trades include Cota Germaine, SVP, FINANCE & ACCOUNTING at BILL Holdings Inc (BILL), who sold 1525 shares on Nov 08 ’24, at $77.99 each, totaling $0.12 million. On Aug 30 ’24, Aji Rajesh A., CLO & CCO, sold 2486 shares for $54.73 each, amounting to $0.14 million. Additionally, on May 30 ’24, Aji Rajesh A. sold 2616 shares at $51.6 each, generating $0.13 million.
