Wix.com Ltd [WIX] stock is trading at $224.49, up 1.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WIX shares have gain 4.63% over the last week, with a monthly amount glided 2.19%, 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 [WIX] stock has fluctuated between $117.58 and $229.79 over the past year. Currently, Wall Street analysts expect the stock to reach $195 within the next 12 months. Wix.com Ltd [NASDAQ: WIX] shares were valued at $224.49 at the most recent close of the market. An investor can expect a potential drop of -13.14% based on the average WIX price forecast.
Analyzing the WIX fundamentals
Wix.com Ltd [NASDAQ:WIX] reported sales of 1.70B for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 220.95 points at the first support level, and at 217.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 227.27, and for the 2nd resistance point, it is at 230.04.
Ratios To Look Out For
For context, Wix.com Ltd’s Current Ratio is 0.74. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 7.33 and price to earnings (TTM) ratio is 141.77.
Transactions by insiders
Recent insider trading involved Even-Haim Yaniv, Officer, that happened on Jan 02 ’25 when 81000.0 shares were purchased. Director, de Mojana Francesco completed a deal on Dec 09 ’24 to buy 660.0 shares. Meanwhile, Director Patterson Gavin bought 3963.0 shares on Dec 06 ’24.
