What is the best trade option for Wix.com Ltd. (WIX) stock?

Wix.com Ltd. [WIX] stock prices are up 7.08% to $96.92 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WIX shares have gain 10.74% over the last week, with a monthly amount glided 28.35%, and seem to be holding up well over a long-time horizon.

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On 30, January 2023, Wix to Announce Fourth Quarter and Full Year 2022 Results on February 22, 2023. In a post published today on Yahoo Finance, Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the fourth quarter and full year ended December 31, 2022 before the market opens on Wednesday, February 22, 2023. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company’s financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/.

From an analyst’s perspective:

Wix.com Ltd. [NASDAQ: WIX] stock has seen the most recent analyst activity on January 12, 2023, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $100 from $80. Previously, Citigroup started tracking the stock with Buy rating on December 13, 2022, and set its price target to $101. On November 11, 2022, JP Morgan initiated with a Neutral rating and assigned a price target of $84 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $110 on September 29, 2022. Morgan Stanley downgraded its rating to Equal-Weight for this stock on May 20, 2022, but kept the price target unchanged to $85. In a note dated April 25, 2022, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $105 to $78.

The stock price of Wix.com Ltd. [WIX] has been fluctuating between $53.12 and $131.15 over the past year. Currently, Wall Street analysts expect the stock to reach $98.93 within the next 12 months. Wix.com Ltd. [NASDAQ: WIX] shares were valued at $96.92 at the most recent close of the market. An investor can expect a potential return of 2.07% based on the average WIX price forecast.

Analyzing the WIX fundamentals

The most recent quarter, Wix.com Ltd. [NASDAQ:WIX] reported sales of 345.81 billion, representing a surge of 8.10%. Gross Margin for this corporation currently stands at +60.44% with Operating Margin at -25.64%, Pretax Margin comes in at -4.17%, and Net Margin reading is -9.23%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 94.32 points at the first support level, and at 91.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.30, and for the 2nd resistance point, it is at 99.68.

Wix.com Ltd. [WIX] reported earnings per share of -$0.14 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.34/share, meaning a difference of $0.2 and a surprise factor of 58.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.72 per share as compared to estimates of -$0.64 per share, a difference of -$0.08 representing a surprise of -12.50%.

Ratios To Look Out For

It’s worth pointing out that Wix.com Ltd. [NASDAQ:WIX]’s Current Ratio is 1.10. Also, the Quick Ratio is 1.79, while the Cash Ratio stands at 1.71. Considering the valuation of this stock, the price to sales ratio is 7.08, the price to book ratio is 62.00.