Has The Time Arrived To Buy This Small Cap Stock-BIGC

Acrobull UK Advisory Services Ltd.

October 29

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
BigCommerce Holdings, Inc.	BIGC-NASDAQ	Technology	$421.422 Million	High

BigCommerce Holdings, Inc. operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific.

Recent Highlights

Nuvei Partners With BIGC- The company has recently announced it has partnered with BigCommerce (Nasdaq: BIGC), a leading open SaaS and composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers.

This partnership, launching internationally across North America, Europe and APAC, enables BigCommerce customers to access Nuvei's comprehensive suite of omnichannel payment solutions through its Nuvei for Platforms solution, bridging the gap between online and in-store experiences through a single payment processing partner.

Second Quarter 2024 Financial Highlights

The company reported Total revenue of $81.8 million, up 8% compared to the second quarter of 2023.

The company reported Total annual revenue run-rate (ARR) as of June 30, 2024 was $345.8 million, up 4% compared to June 30, 2023.

The company reported Subscription solutions revenue of $61.8 million, up 10% compared to the second quarter of 2023.

The company reported ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $253.8 million as of June 30, 2024, up 7% from June 30, 2023.

The company reported ARR from Enterprise Accounts as a percent of total ARR of 73% as of June 30, 2024, compared to 71% as of June 30, 2023.

Stock Observation- The company is set to report the financial results on November 07, 2024 and is expected to report positive earnings. The RSI level for the stock is at 43 which shows oversold conditions. The customers looking for high risk high reward stock may choose to invest in it.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$5.42 USD
Acrobull Recommendation	Buy
Target Price	$6.10 USD
RSI Level	14 Day RSI 43
Total Shares Outstanding	77.75 Million
Shares held by Insiders Risk Factor Stop Loss	16.59% High 5%