At the time of writing, Wix.com Ltd [WIX] stock is trading at $188.94, up 2.89%. 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 13.96% over the last week, with a monthly amount glided 16.09%, 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.
For the past year, the stock price of Wix.com Ltd fluctuated between $86.22 and $184.31. 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 $188.94 at the most recent close of the market. An investor can expect a potential drop of -8.24% based on the average WIX price forecast.
Analyzing the WIX fundamentals
According to Wix.com Ltd [NASDAQ:WIX], the company’s sales were 1.65B for trailing twelve months, which represents an 11.74% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 184.39 points at the first support level, and at 179.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 192.75, and for the 2nd resistance point, it is at 196.55.
Ratios To Look Out For
It is important to note that Wix.com Ltd [NASDAQ:WIX] has a current ratio of 1.09. In addition, the Quick Ratio stands at 1.09 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 6.36 and price to earnings (TTM) ratio is 152.08.
Transactions by insiders
Recent insider trading involved Shai Omer, Officer, that happened on Nov 11 ’24 when 10935.0 shares were purchased. Officer, ARYA TRUST PROPERTY HLDGS CO L completed a deal on Nov 07 ’24 to buy 50000.0 shares. Meanwhile, Officer Shai Omer bought 65.0 shares on Oct 18 ’24.
