Wix.com Ltd (NASDAQ: WIX)’s stock price has gone decline by -0.66 in comparison to its previous close of 122.88, however, the company has experienced a 1.87% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-10 that WIX launches an advanced AI Portfolio Creator tool that revolutionizes the way portfolios are created and presented online.
Is It Worth Investing in Wix.com Ltd (NASDAQ: WIX) Right Now?
Wix.com Ltd (NASDAQ: WIX) has a higher price-to-earnings ratio of 232.34x compared to its average ratio. WIX has 36-month beta value of 1.39. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for WIX is 53.46M, and currently, short sellers hold a 2.17% ratio of that float. The average trading volume of WIX on May 10, 2024 was 506.88K shares.
WIX’s Market Performance
The stock of Wix.com Ltd (WIX) has seen a 1.87% increase in the past week, with a -7.10% drop in the past month, and a -8.42% fall in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.80% for WIX. The simple moving average for the past 20 days is 0.28% for WIX’s stock, with a 10.55% simple moving average for the past 200 days.
Analysts’ Opinion of WIX
Many brokerage firms have already submitted their reports for WIX stocks, with Raymond James repeating the rating for WIX by listing it as a “Outperform.” The predicted price for WIX in the upcoming period, according to Raymond James is $160 based on the research report published on March 27, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see WIX reach a price target of $126. The rating they have provided for WIX stocks is “Buy” according to the report published on December 08th, 2023.
Barclays gave a rating of “Overweight” to WIX, setting the target price at $130 in the report published on November 15th of the previous year.
WIX Trading at -7.08% from the 50-Day Moving Average
After a stumble in the market that brought WIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.51% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.13% lower at present.
During the last 5 trading sessions, WIX rose by +1.63%, which changed the moving average for the period of 200-days by +39.27% in comparison to the 20-day moving average, which settled at $121.46. In addition, Wix.com Ltd saw -0.77% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WIX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.67 for the gross margin
The net margin for Wix.com Ltd stands at 0.02. The total capital return value is set at 0.03.
Based on Wix.com Ltd (WIX), the company’s capital structure generated 1.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at -10.91. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 34.68 million with net debt to EBITDA at 5.99. When we switch over and look at the enterprise to sales, we see a ratio of 4.57. The receivables turnover for the company is 27.21for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To put it simply, Wix.com Ltd (WIX) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
