At the time of writing, Wix.com Ltd [WIX] stock is trading at $229.35, up 4.38%. 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 3.11% over the last week, with a monthly amount glided 40.35%, 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 $101.72 and $225.80. Currently, Wall Street analysts expect the stock to reach $195 within the next 12 months. Wix.com Ltd [NASDAQ: WIX] shares were valued at $229.35 at the most recent close of the market. An investor can expect a potential drop of -14.98% based on the average WIX price forecast.
Analyzing the WIX fundamentals
According to Wix.com Ltd [NASDAQ:WIX], the company’s sales were 1.70B for trailing twelve months, which represents an 12.91% jump. 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 222.79 points at the first support level, and at 216.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 232.85, and for the 2nd resistance point, it is at 236.35.
Ratios To Look Out For
It is important to note that Wix.com Ltd [NASDAQ:WIX] has a current ratio of 0.74. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 7.49 and price to earnings (TTM) ratio is 144.84.
Transactions by insiders
Recent insider trading involved Bloch Allon, Director, that happened on Dec 02 ’24 when 3000.0 shares were purchased. Officer, Zohar Nir completed a deal on Nov 27 ’24 to buy 16500.0 shares. Meanwhile, Officer Meyer Shelly B bought 29154.0 shares on Nov 20 ’24.
