A share price of Wix.com Ltd [WIX] is currently trading at $157.06, up 4.80%. An important factor to consider is whether the stock is rising or falling in short-term value. The WIX shares have gain 1.28% over the last week, with a monthly amount glided 0.98%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Oppenheimer reaffirmed its Outperform rating on May 21, 2024, and elevated its price target to $200. On May 21, 2024, Needham reiterated its Buy rating and revised its price target to $190 on the stock. Piper Sandler downgraded its rating to a Neutral and increased its price target to $184 on May 21, 2024. In a note dated November 15, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $105 to $130.
Wix.com Ltd experienced fluctuations in its stock price throughout the past year between $76.90 and $178.65. Currently, Wall Street analysts expect the stock to reach $169.46 within the next 12 months. Wix.com Ltd [NASDAQ: WIX] shares were valued at $157.06 at the most recent close of the market. An investor can expect a potential return of 7.9% based on the average WIX price forecast.
Analyzing the WIX fundamentals
Trailing Twelve Months sales for Wix.com Ltd [NASDAQ:WIX] were 1.61B which represents 12.22% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is -0.52 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.06.
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 150.93 points at the first support level, and at 144.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.73, and for the 2nd resistance point, it is at 164.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wix.com Ltd [NASDAQ:WIX] is 1.23. On the other hand, the Quick Ratio is 1.23, and the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 5.44 and price to earnings (TTM) ratio is 140.43.
Transactions by insiders
Recent insider trading involved ARYA TRUST PROPERTY HLDGS CO L, Officer, that happened on Aug 01 ’24 when 50000.0 shares were purchased.
