Bill.com Shares Forecast August 2021 – Time to Buy 0A75?

Technology services remain a good investment option for investors who are on the lookout for impressive market trends that do not end badly. Bill.com Holdings, a cloud-based software tech company is among one of the top buys from the LSE today after recording a 46% price jump as the markets closed for the 30^th of August. Let us delve deeper into its complete analysis to see how profitable could it be to buy this share now.

Bill.com Holdings – Technical Analysis

Bill.com is headquartered in Palo Alto, California, and operates as a tech holdings company that deals with cloud-based software solutions for its various SMB clients. Bill.com’s software solutions are renowned to simplify invoices, approvals, syncing accounting systems, and sending/receiving payments, etc. Artificial Intelligence-enabled software has also been one of the specialities of Bill.com to support. One look at its financials reveals that the company has managed to amass a total market capitalisation of £19.31 billion. A total of 182 shareholders in the company remain as of the time of writing. The total assets held by the company are valued at £4.32 billion and the total debt is close to £778.9 million. The income statement of the company mentions that last year’s revenue was $172.4 million. This shows that the company has been one of the most attractive tech investments for some time now.

Now, from the technical perspective, several indicators are pointing towards a strong buy action based on the share’s current performance. Indicators such as RSI (84.2), SMA (216.33), MACD (11.23), and EMA (224.29) encourage investors to buy this top gainer share.

67% of all retail investor accounts lose money when trading CFDs with this provider.

Recent Developments

This SaaS company attracted attention from several investors overnight when its latest earnings report was published in which the company seemed to have missed the earnings and reported a $0.07 pro forma loss per share while the market was expecting $0.03 less than those figures. But despite the results, the shares went up by 21.5%. The positive side of their earnings report was that Bill.com managed to double its core revenue by more than 86% along with a healthy increase in sales by 51%.

Although the US-based software solutions provider has come out with some serious losses the increase in revenue predicts accelerated growth within the company in Q4 which is always a good thing to consider for long-term investors.

Should You Buy Bill.com Shares?

As a small-scale tech company that primarily deals with SMBs in the US, Bill.com has a lot of potential to be an active supporter of the country’s ongoing economic recovery. The company would also be focussing on growing revenue all through the next year. Experts predict that if the shares stay ahead of the competition and the company gets to work harder then there is a possibility of Bill.com making a record revenue growth during Q1 of 2022.

In the worst-case scenario, the company is going to face some more losses through the rest of this year but that does not worry investors who are interested in the company’s overall growth this year and the next.

Buy 0A75 Stock at eToro from just $50 Now!