Analysts who follow Wix.Com Ltd (WIX) on average expect it to add 0.66% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns the stock an Analyst Ranking of 69, which means it ranks higher than 69 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Wix.Com Ltd Stock Today?
Wix.Com Ltd (WIX) stock is trading at $274.47 as of 1:33 PM on Wednesday, Aug 12, a rise of $5.88, or 2.19% from the previous closing price of $268.59. The stock has traded between $268.00 and $285.18 so far today. Volume today is light. So far 547,344 shares have traded compared to average volume of 890,758 shares.