With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $222.88 whereas the lowest price it dropped to was $217.26. The 52-week range on WIX shows that it touched its highest point at $224.33 and its lowest point at $95.65 during that stretch. It currently has a 1-year price target of $237.68. Beta for the stock currently stands at 1.54.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WIX was up-trending over the past week, with a rise of 4.11%, but this was up by 29.09% over a month. Three-month performance surged to 34.04% while six-month performance rose 34.92%. The stock gained 120.54% in the past year, while it has gained 77.95% so far this year. A look at the trailing 12-month EPS for WIX yields 1.58 with Next year EPS estimates of 7.24. For the next quarter, that number is 1.59. This implies an EPS growth rate of 37.26% for this year and 20.18% for next year.
Float and Shares Shorts:
At present, 57.17 million WIX shares are outstanding with a float of 53.46 million shares on hand for trading. On 2024-10-31, short shares totaled 1.43 million, which was 261.99998 higher than short shares on 1727654400. In addition to Mr. Avishai Abrahami as the firm’s Co-Founder, Honorary Chairman & CEO, Mr. Nir Zohar serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.91817003 of WIX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, WIX reported revenue of $444673000.0 and operating income of $25846000.0. The EBITDA in the recently reported quarter was $33406000.0 and diluted EPS was $0.46.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WIX since 20 analysts follow the stock currently. There are 17 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WIX analysts setting a high price target of 260.0 and a low target of 153.12, the average target price over the next 12 months is 230.2438. Based on these targets, WIX could surge 18.77% to reach the target high and fall by -30.05% to reach the target low. Reaching the average price target will result in a growth of 5.18% from current levels.
Analysts have provided yearly estimates in a range of $6.31254 being high and $5.77825 being low. For WIX, this leads to a yearly average estimate of $6.02561. The surprise factor in the prior quarter was $1.36. Based on analyst estimates, the high estimate for the next quarter is $1.95 and the low estimate is $1.35. The average estimate for the next quarter is thus $1.65.
