While BILL Holdings Inc has underperformed by -3.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BILL rose by 36.89%, with highs and lows ranging from $94.28 to $43.11, whereas the simple moving average jumped by 53.51% in the last 200 days.
On September 12, 2024, Exane BNP Paribas Upgraded BILL Holdings Inc (NYSE: BILL) to Outperform. A report published by BMO Capital Markets on August 26, 2024, Reiterated its previous ‘Market Perform’ rating for BILL. Goldman also Downgraded BILL shares as ‘Neutral’, setting a target price of $54 on the company’s shares in a report dated August 23, 2024. Wells Fargo April 01, 2024d its ‘Equal Weight’ rating to ‘Underweight’ for BILL, as published in its report on April 01, 2024. Exane BNP Paribas’s report from March 13, 2024 suggests a price prediction of $72 for BILL shares, giving the stock a ‘Neutral’ rating. Wells Fargo also rated the stock as ‘Equal Weight’.
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Analysis of BILL Holdings Inc (BILL)
Further, the quarter-over-quarter increase in sales is 17.53%, showing a positive trend in the upcoming months.
One of the most important indicators of BILL Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 0.19% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.53, 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 also provide valuable insight into volatility, and BILL is recording 1.77M average volume. On a monthly basis, the volatility of the stock is set at 4.02%, whereas on a weekly basis, it is put at 2.59%, with a gain of 2.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $83.77, showing decline from the present price of $89.77, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 4.49%. 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 86.79% 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 86.79% at present.
