Currently, Wix.com Ltd [WIX] is trading at $171.77, up 3.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WIX shares have gain 6.57% over the last week, with a monthly amount glided 7.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wix.com Ltd [NASDAQ: WIX] stock has seen the most recent analyst activity on September 23, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $200 from $184. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 05, 2024, and set its price target to $200. Oppenheimer reiterated its Outperform rating and increased its price target to $200 on May 21, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $190 on May 21, 2024. Piper Sandler downgraded its rating to Neutral for this stock on May 21, 2024, and upped its price target to $184.
This stock has fluctuated between a low of $76.90 and a high of $178.65 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $173.38 within the next 12 months. Wix.com Ltd [NASDAQ: WIX] shares were valued at $171.77 at the most recent close of the market. An investor can expect a potential return of 0.94% based on the average WIX price forecast.
Analyzing the WIX fundamentals
Trailing Twelve Months sales for Wix.com Ltd [NASDAQ:WIX] were 1.65B which represents 11.74% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.02%, 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 0.05, Equity is -0.44 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.85.
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 167.80 points at the first support level, and at 163.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.48, and for the 2nd resistance point, it is at 177.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wix.com Ltd [NASDAQ:WIX] is 1.09. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 5.78 and price to earnings (TTM) ratio is 138.26.
Transactions by insiders
Recent insider trading involved de Mojana Francesco, Director, that happened on Sep 09 ’24 when 661.0 shares were purchased. Officer, ARYA TRUST PROPERTY HLDGS CO L completed a deal on Aug 01 ’24 to buy 50000.0 shares.
