Wix.com Ltd (NASDAQ: WIX) has reported earnings for its first fiscal quarter (ending March 31) of $0.43 versus a loss $-0.18 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.19 compared to $-3.58 a year ago.
Recent Price Action
Wix.com Ltd (NASDAQ: WIX) stock closed at $168.02 on 5/20/24 after a major increase of 23.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 861% of normal. The stock has risen 37.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WIX’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Wix.com is currently unrated.
Rating Review
The stock is currently unrated.
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