While BILL Holdings Inc has underperformed by -1.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BILL fell by -25.04%, with highs and lows ranging from $139.50 to $51.94, whereas the simple moving average fell by -32.46% in the last 200 days.
On January 23, 2024, Wells Fargo Downgraded BILL Holdings Inc (NYSE: BILL) to Equal Weight. A report published by William Blair on November 03, 2023, Downgraded its rating to ‘Mkt Perform’ for BILL. Wells Fargo Initiated an Overweight rating on October 31, 2023, and assigned a price target of $115. UBS initiated its ‘Buy’ rating for BILL, as published in its report on October 20, 2023. Seaport Research Partners’s report from October 12, 2023 suggests a price prediction of $144 for BILL shares, giving the stock a ‘Buy’ rating. BMO Capital Markets also rated the stock as ‘Market Perform’.
Analysis of BILL Holdings Inc (BILL)
Further, the quarter-over-quarter increase in sales is 22.50%, showing a positive trend in the upcoming months.
BILL Holdings Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -2.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and BILL is registering an average volume of 2.40M. On a monthly basis, the volatility of the stock is set at 4.30%, whereas on a weekly basis, it is put at 2.86%, with a gain of 3.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $85.08, showing growth from the present price of $63.76, which can serve as yet another indication of whether BILL is worth investing in or should be passed over.
How Do You Analyze BILL Holdings Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BILL shares are owned by institutional investors to the tune of 97.75% at present.
