Wix.com Ltd. (NASDAQ:WIX) traded at $256.67 at last check on Friday, Nov 20, making a downturn move of -0.26% on its previous day’s price.
Looking at the stock we see that its previous close was $257.34 and the beta (5Y monthly) reads 1.5 with the day’s price range being $254.47 – 260.51. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, WIX has a high of $319.34 and a low of $76.81. The company’s stock has gained about -2.84% over that past 30 days.
Wix.com has a market cap of $14.91 Billion and is expected to release its quarterly earnings report on Feb 18, 2021- Feb 22, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the WIX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.12, with the EPS growth for the year declined at -$0.54 for 2020 and $0.42 for next year. These figures represent -1.46% and at -1.78% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $269.92 Million, with a low of $267Million and a high of $272Million. The median projection represents growth adding up to 57.5% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $976.26 Million, or +28.3% up from figures reported last year.
On the other hand, looking at the outlook for the WIX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Let’s briefly compare Wix.com (WIX) stock to its peers. We find that today’s price change of -0.26% and +112.63% over the past 12 months for WIX competes that of Servicenow Inc (NOW), which has seen its stock price rise 0.73% in the latest trading session and is +85.6% over the last one year. Another of its peers Infosys Ltd (INFY) has climbed 0.54% today, and is +51.06% up over the past year, while Dell Technologies Inc (DELL) is also down -0.26% yet its price remains in the green at 112.63% over the same period. Servicenow has a P/E ratio of 147.13 compared to Wix.com’s 0 and Infosys 26.48. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Wix.com Ltd. (NASDAQ:WIX), we note that the average 3-month trading volume was 615.04 Million, while that of the preceding 10-day period stands at 936.24 Million. Current shares outstanding are 55.64 Million.
According to data from Thomson Reuters, insiders hold 1.67% of the company’s shares while institutions hold 90.16%. The data shows that short shares as of October 29, 2020, stood at 1.44 Million at a short ratio of 3.03. This represents a 2.58% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 1.57 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +109.73% up in year-to-date price movement.