A share price of Wix.com Ltd [WIX] is currently trading at $221.00, down -0.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The WIX shares have gain 1.98% over the last week, with a monthly amount glided 0.83%, and seem to be holding up well over a long-time horizon.
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 $114.18 and $229.79. Currently, Wall Street analysts expect the stock to reach $195 within the next 12 months. Wix.com Ltd [NASDAQ: WIX] shares were valued at $221.00 at the most recent close of the market. An investor can expect a potential drop of -11.76% 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 0.04%, 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 218.99 points at the first support level, and at 216.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 222.52, and for the 2nd resistance point, it is at 224.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wix.com Ltd [NASDAQ:WIX] is 0.74. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 7.35 and price to earnings (TTM) ratio is 139.56.
Transactions by insiders
Recent insider trading involved de Mojana Francesco, Director, that happened on Dec 09 ’24 when 660.0 shares were purchased. Director, Patterson Gavin completed a deal on Dec 06 ’24 to buy 3963.0 shares. Meanwhile, Director Tluszcz Mark bought 23815.0 shares on Dec 05 ’24.
