Wix.com Ltd [WIX] stock prices are down -0.91% to $217.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WIX shares have gain 20.66% over the last week, with a monthly amount glided 33.69%, 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.
The stock price of Wix.com Ltd [WIX] has been fluctuating between $95.65 and $220.22 over the past year. 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 $217.20 at the most recent close of the market. An investor can expect a potential drop of -20.17% based on the average WIX price forecast.
Analyzing the WIX fundamentals
The Wix.com Ltd [NASDAQ:WIX] reported sales of 1.70B for trailing twelve months, representing a surge of 12.91%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.48 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.87.
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 213.11 points at the first support level, and at 209.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 219.58, and for the 2nd resistance point, it is at 221.96.
Ratios To Look Out For
It’s worth pointing out that Wix.com Ltd [NASDAQ:WIX]’s Current Ratio is 0.74. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 7.03 and price to earnings (TTM) ratio is 137.16.
Transactions by insiders
Recent insider trading involved Meyer Shelly B, Officer, that happened on Nov 20 ’24 when 29154.0 shares were purchased. Officer, Shemesh Lior completed a deal on Nov 20 ’24 to buy 78452.0 shares. Meanwhile, Officer Shai Omer bought 20000.0 shares on Nov 20 ’24.
