The stock of Wix.com Ltd (WIX) has seen a 4.58% increase in the past week, with a 0.97% gain in the past month, and a 5.83% flourish in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.99% for WIX. The simple moving average for the past 20 days is 5.48% for WIX’s stock, with a 17.78% simple moving average for the past 200 days.
Is It Worth Investing in Wix.com Ltd (NASDAQ: WIX) Right Now?
Wix.com Ltd (NASDAQ: WIX) has a price-to-earnings ratio that is above its average at 135.60x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for WIX is 53.45M, and at present, short sellers hold a 2.87% of that float. On September 26, 2024, the average trading volume of WIX was 428.35K shares.
WIX) stock’s latest price update
The stock of Wix.com Ltd (NASDAQ: WIX) has decreased by -0.75 when compared to last closing price of 169.74.Despite this, the company has seen a gain of 4.58% in its stock price over the last five trading days. zacks.com reported 2024-09-26 that Zacks.com users have recently been watching Wix.com (WIX) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Analysts’ Opinion of WIX
Many brokerage firms have already submitted their reports for WIX stocks, with Piper Sandler repeating the rating for WIX by listing it as a “Overweight.” The predicted price for WIX in the upcoming period, according to Piper Sandler is $200 based on the research report published on September 23, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see WIX reach a price target of $200. The rating they have provided for WIX stocks is “Overweight” according to the report published on September 05th, 2024.
WIX Trading at 5.00% 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 -5.70% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +3.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.65% upper at present.
During the last 5 trading sessions, WIX rose by +5.06%, which changed the moving average for the period of 200-days by +64.04% in comparison to the 20-day moving average, which settled at $159.98. In addition, Wix.com Ltd saw 36.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WIX starting from de Mojana Francesco, who proposed sale 661 shares at the price of $156.08 back on Sep 09 ’24. After this action, de Mojana Francesco now owns shares of Wix.com Ltd, valued at $103,169 using the latest closing price.
ARYA TRUST PROPERTY HLDGS CO L, the Officer of Wix.com Ltd, proposed sale 50,000 shares at $155.93 during a trade that took place back on Aug 01 ’24, which means that ARYA TRUST PROPERTY HLDGS CO L is holding shares at $7,796,250 based on the most recent closing price.
Stock Fundamentals for WIX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.68 for the gross margin
The net margin for Wix.com Ltd stands at 0.04. The total capital return value is set at 0.05.
Based on Wix.com Ltd (WIX), the company’s capital structure generated 2.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.64.
Currently, EBITDA for the company is 34.68 million with net debt to EBITDA at 9.5. When we switch over and look at the enterprise to sales, we see a ratio of 6.11. The receivables turnover for the company is 29.63for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To sum up, Wix.com Ltd (WIX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
