BILL Holdings Inc (NYSE: BILL) experienced a significant drop in its trading price of 25.19% on November 3, closing at $66.93. This sharp fall has led to a 36.52% decline in the company's stock value over the past month, with a year-to-date price change of -38.57%. Despite this downturn, analysts suggest potential growth for the $7.17 billion-valued company.
The Wealth Building Report by StockWire News indicates potential growth for small-cap stocks like BILL. Analysts foresee an increase in BILL's quarterly earnings per share (EPS) by $0.5 this quarter and predict annual EPS of $1.95 for 2024 and $2.37 for 2025. This suggests an expected annual growth of 18.20% this year and 21.50% next year.
For the current quarter, BILL's revenue is projected to be around $297.92 million, reflecting a potential increase of 41.40% from the same quarter last year. The consensus estimate for the company's annual revenue in 2024 is $1.3 billion, indicating a forecasted growth of 22.70%.
However, no comments about BILL's upward or downward trends were posted in the last seven days, leading to technical indicators rating the stock as a 100% sell in the short term, a hold in the medium term, and a 50% sell in the long term.
Out of 28 analysts who have assigned BILL a recommendation rating, 16 recommend buy, 11 rate it a hold, and one advises sell. The consensus price target for the trailing 12-month period is $90.75, with a median consensus price of $90.00.
BILL's stock price is currently -34.49% off the SMA20 and -36.84% off the SMA50, with an RSI metric of 17.71 on the 14-day chart and weekly volatility of 7.23%. The beta value is 1.95, and the Average True Range indicator is 6.79.
BILL's daily trading volume shows a 3-month average of 1.83 million, which has increased over the past ten days to an average of 4.53 million. Currently, there are 106.55 million outstanding shares, with insiders holding 4.56% and institutions holding 98.60%. Short interest as of October 12, 2023, was at 6.77 million shares (6.31% of outstanding shares), resulting in a short ratio of 4.3.
InvestingPro Insights
Drawing from InvestingPro's real-time data, BILL holds an adjusted market cap of $6800M. Despite the recent downturn, the company maintains a strong gross profit margin of 85.81% as of Q1 2024. Additionally, BILL's revenue growth for the same period stands at 50.43%, indicating a solid financial performance.
Turning to InvestingPro Tips, it's worth noting that BILL holds more cash than debt on its balance sheet, which could provide a cushion during volatile market conditions. Furthermore, despite not being profitable over the last twelve months, analysts predict the company will return to profitability this year.
These insights, among numerous others, are part of InvestingPro's comprehensive suite of tips and data. For more detailed analysis and additional tips, consider exploring InvestingPro's product offerings.
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