At the time of writing, Wix.com Ltd [WIX] stock is trading at $141.27, up 2.05%. 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 3.47% over the last week, with a monthly amount glided 5.98%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 4, March 2024, Now Live: Wix Delivers the Next Generation of Web Creation with the Release of the AI Website Builder. In a post published today on Yahoo Finance, Leveraging Wix’s powerful AI, users can create a fully designed, business-ready website within minutes.
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 $143.59. 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 $141.27 at the most recent close of the market. An investor can expect a potential drop of -18.45% 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 0.67% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is -0.24 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -10.91.
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 138.74 points at the first support level, and at 136.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.89, and for the 2nd resistance point, it is at 144.51.
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. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.77. Considering the valuation of this stock, the price to sales ratio is 4.95 and price to earnings (TTM) ratio is 268.88.
