Wix.com Ltd (NASDAQ: WIX) is 70.92% higher on its value in year-to-date trading and has touched a low of $95.39 and a high of $192.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WIX stock was last observed hovering at around $183.95 in the last trading session, with the day’s gains setting it 26.32%.
Currently trading at $210.27, the stock is 20.30% and 25.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing 14.31% at the moment leaves the stock 37.70% off its SMA200. WIX registered 113.93% gain for a year compared to 6-month loss of 25.77%. The firm has a 50-day simple moving average (SMA 50) of $167.0685 and a 200-day simple moving average (SMA200) of $152.29382.
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The stock witnessed a 25.96% gain in the last 1 month and extending the period to 3 months gives it a 27.35%, and is 14.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 3.38% over the month.
Wix.com Ltd (WIX) has around 5302 employees, a market worth around $11.70B and $1.70B in sales. Current P/E ratio is 132.82 and Fwd P/E is 29.46. Profit margin for the company is 5.47%. Distance from 52-week low is 120.44% and 9.52% from its 52-week high. The company has generated returns on investments over the last 12 months (55.16%).
The EPS is expected to grow by 36.26% this year
The shares outstanding are 57.17M, and float is at 53.46M with Short Float at 2.68%.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 7.19 million shares valued at $1.14 billion. The investor’s holdings represent 12.8126 of the WIX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.97 million shares valued at $471.75 million to account for 5.2866 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 2.23 million shares representing 3.9772 and valued at over $354.87 million, while FMR LLC holds 3.9268 of the shares totaling 2.2 million with a market value of $350.42 million.
Wix.com Ltd (WIX) Insider Activity
Still, SEC filings show that on Nov 11 ’24, Shai Omer (Officer) Proposed Sale 10,935 shares at an average price of $172.50 for $1.89 million. The insider now directly holds shares of Wix.com Ltd (WIX).
