BIGC Stock Summary and Trading Ideas (Bigcommerce Holdings | NASDAQ:BIGC)

BigCommerce Holdings Inc is engaged in offering Software-as-a-service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which majority of revenue is generated from Americas-U.S.

Bigcommerce Holdings trades on the NASDAQ stock market under the symbol BIGC.

As of May 17, 2024, BIGC stock price declined to $7.90 with 679,435 million shares trading.

BIGC has a beta of 1.70, meaning it tends to be more sensitive to market movements. BIGC has a correlation of 0.15 to the broad based SPY ETF.

BIGC has a market cap of $610.47 million. This is considered a Small Cap stock.

Last quarter Bigcommerce Holdings reported $80 million in Revenue and $.07 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.03.

In the last 3 years, BIGC stock traded as high as $72.20 and as low as $5.62.

The top ETF exchange traded funds that BIGC belongs to (by Net Assets): IWM, VTI, VB, WCLD, VGT.

BIGC has underperformed the market in the last year with a return of +7.3%, while the SPY ETF gained +29.1%. In the last 3 month period, BIGC fell short of the market, returning -8.7%, while SPY returned +6.3%. However, in the most recent 2 weeks BIGC has outperformed the stock market by returning +32.3%, while SPY returned +3.6%.

BIGC support price is $7.62 and resistance is $8.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIGC stock will trade within this expected range on the day.