Is Ltd. (WIX) positioned for future growth? Ltd. (NASDAQ: WIX) stock jumped 0.90% on Wednesday to $78.27 against a previous-day closing price of $77.57. With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.81 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $79.25 whereas the lowest price it dropped to was $76.40. The 52-week range on WIX shows that it touched its highest point at $101.55 and its lowest point at $53.12 during that stretch. It currently has a 1-year price target of $107.44. Beta for the stock currently stands at 1.24.

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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 down-trending over the past week, with a drop of -5.16%, but this was down by -9.82% over a month. Three-month performance dropped to -15.69% while six-month performance fell -6.55%. The stock gained 16.94% in the past year, while it has gained 1.87% so far this year. A look at the trailing 12-month EPS for WIX yields -3.58 with Next year EPS estimates of 2.98. For the next quarter, that number is 0.55. This implies an EPS growth rate of -256.30% for this year and 43.25% for next year. EPS is expected to decline by -0.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -44.40%.

Float and Shares Shorts:

At present, 56.41 million WIX shares are outstanding with a float of 55.36 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.66 million, which was 6.45% higher than short shares on Mar 30, 2023. In addition to Mr. Avishai Abrahami as the firm’s Co-Founder, Honorary Chairman & CEO, Mr. Nir Zohar serves as its Pres & COO.

Institutional Ownership:

Other institutions hold 50.90% of WIX, in contrast to 34.03% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WIX with 14.12% of the stake, Baillie Gifford & Co. holds 8,023,952 shares worth 8,023,952. A second-largest stockholder of WIX, BlackRock Fund Advisors, holds 2,886,665 shares, controlling over 5.08% of the firm’s shares. Principal Global Investors LLC is the third largest shareholder in WIX, holding 2,027,007 shares or 3.57% stake. With a 7.05% stake in WIX, the Vanguard International Growth Fun is the largest stakeholder. A total of 4,006,720 shares are owned by the mutual fund manager. The Principal Funds, Inc. – Mid Cap F, which owns about 2.74% of WIX stock, is the second-largest Mutual Fund holder. It holds 1,556,648 shares valued at 135.79 million. Baillie Gifford International Gro holds 1.10% of the stake in WIX, owning 625,756 shares worth 54.58 million.

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 Mar 30, 2023, WIX reported revenue of $345.22M and operating income of -$75.02M. The EBITDA in the recently reported quarter was -$69.42M and diluted EPS was -$1.92.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WIX since 0 analysts follow the stock currently. 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 $120.00 and a low target of $78.00, the average target price over the next 12 months is $104.50. Based on these targets, WIX could surge 53.32% to reach the target high and fall by -0.34% to reach the target low. Reaching the average price target will result in a growth of 33.51% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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