A share price of Wix.com Ltd [WIX] is currently trading at $210.27, up 14.31%. 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 14.07% over the last week, with a monthly amount glided 25.96%, 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.
Wix.com Ltd experienced fluctuations in its stock price throughout the past year between $95.39 and $192.00. 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 $210.27 at the most recent close of the market. An investor can expect a potential drop of -17.54% based on the average WIX price forecast.
Analyzing the WIX fundamentals
Trailing Twelve Months sales for Wix.com Ltd [NASDAQ:WIX] were 1.70B which represents 12.91% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.77.
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 200.89 points at the first support level, and at 191.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.75, and for the 2nd resistance point, it is at 223.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wix.com Ltd [NASDAQ:WIX] is 0.74. 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 6.87 and price to earnings (TTM) ratio is 132.82.
Transactions by insiders
Recent insider trading involved Meyer Shelly B, Officer, that happened on Nov 12 ’24 when 4494.0 shares were purchased. Officer, Shemesh Lior completed a deal on Nov 12 ’24 to buy 8096.0 shares. Meanwhile, Officer Shai Omer bought 10935.0 shares on Nov 11 ’24.
