BILL Holdings Inc (NYSE:BILL) price on current trading day, fall -1.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $87.96.
A look at the stock’s price movement, the level at last check in today’s session was $89.67, moving within a range at $87.0 and $89.69. The beta value (5-Year monthly) was 1.594. Turning to its 52-week performance, $91.19 and $43.11 were the 52-week high and 52-week low respectively. Overall, BILL moved 58.43% over the past month.
BILL Holdings Inc’s market cap currently stands at around $9.10 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-06.
Analysts have a consensus estimate of 359.2M for the company’s revenue for the quarter, with a low and high estimate of 356.7M and 368.34M respectively. The average forecast suggests up to a 12.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.46B, representing a 12.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BILL is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 8 recommend BILL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BILL’s current price about 35.16% and 51.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 88.06, while 7-day volatility ratio is 6.33% and 4.15% in the 30-day chart. Further, BILL Holdings Inc (BILL) has a beta value of 1.70, and an average true range (ATR) of 3.42. Analysts have given the company’s stock an average 52-week price target of $100, forecast between a low of $45 and high of $340. Looking at the price targets, the low is 48.84% off recent price level in today’s trading while to achieve the yearly target high, it has to move -286.54%. Nonetheless, investors will most likely welcome a -13.69% jump to $100 which is the analysts’ median price.
If we refocus on BILL Holdings Inc (NYSE:BILL), historical trading data shows that trading volumes averaged 2.77 over the past 10 days and 1.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 106.65 million shares.
The 4.36% of BILL Holdings Inc’s shares are in the hands of company insiders while institutional holders own 86.33% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.05 million on 2024-10-31, giving us a short ratio of 3.66. The data shows that as of 2024-10-31 short interest in BILL Holdings Inc (BILL) stood at 603.99998 of shares outstanding, with shares short rising to 3.6 million registered in 2024-09-30. Current price change has pushed the stock 7.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BILL stock continues to rise going into the next quarter.
