At the time of writing, Wix.com Ltd [WIX] stock is trading at $134.54, up 0.24%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WIX shares have gain 5.72% over the last week, with a monthly amount glided 6.03%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Wix Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Outperformance of 2023 targets as well as anticipated acceleration of top-line growth and overachievement of 2024 targets in three-year plan underpin expectation to significantly surpass the Rule of 40 in 2025.
From an analyst’s perspective:
Previously, Barclays upgraded its rating to Overweight on November 15, 2023, and elevated its price target to $130. On October 24, 2023, Seaport Research Partners initiated with a Buy rating and assigned a price target of $103 on the stock. UBS initiated its recommendation with a Buy and recommended $125 as its price target on September 22, 2023. DA Davidson started tracking with a Buy rating for this stock on July 27, 2023, and assigned it a price target of $100. In a note dated June 28, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $120 on this stock.
For the past year, the stock price of Wix.com Ltd fluctuated between $73.39 and $141.25. Currently, Wall Street analysts expect the stock to reach $115.2 within the next 12 months. Wix.com Ltd [NASDAQ: WIX] shares were valued at $134.54 at the most recent close of the market. An investor can expect a potential drop of -14.37% based on the average WIX price forecast.
Analyzing the WIX fundamentals
According to Wix.com Ltd [NASDAQ:WIX], the company’s sales were 1.56B for trailing twelve months, which represents an 13.73% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 132.73 points at the first support level, and at 130.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.79, and for the 2nd resistance point, it is at 139.05.
Wix.com Ltd [WIX] reported earnings per share of $1.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.95/share, meaning a difference of $0.27 and a surprise factor of 28.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.1 per share as compared to estimates of $0.67 per share, a difference of $0.43 representing a surprise of 64.20%.
Ratios To Look Out For
It is important to note that Wix.com Ltd [NASDAQ:WIX] has a current ratio of 1.37. In addition, the Quick Ratio stands at 1.28 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 4.72 and price to earnings (TTM) ratio is 256.07.
