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NASDAQ:WIX

74.91
3.12 (4.00%) 1d
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COMMENT
Forget "risk-off" trading. Rather, IPOs of 2020 came in way too hot and got burned; Covid stocks like Docusign are hammered; Chinese stocks are a train wreck; cryptos hit; specific retailers hit by supply shortages; and then there are cloud-based stocks trading at sky-high price-to-sale multiples. He's a fan of this group, but at ridiculous valuations. The cloud isn't dead, though. Inflation erodes the future value of these stocks. Also, these stocks are speculative, which tend to trade as a group; investors sell first and ask questions later. A few bad earnings can crush the entire group, like Twilio and Docusign. Salesforce actually reported strong results though a weak forecast. As a group, the cloud stock were down 33% on average, in a bear market. WIX and Fastly down the most, but are both good companies offering fine services. The cloud stocks peaked a long time ago, like Jan-Feb, like Zoom. Only 13 out of 50 of these stocks trade at less than 100x earnings! Ones with a lower valuation have done better than the higher ones during this rout. Even now, there's still expensive on a valuation basis.
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BUY
The stock has risen 800% in 5 years, and they empower small businesses through building their platforms.
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COMMENT
He's a Wix customer for his restaurant. Some Wix customers (i.e. restaurateurs) are shut down because of Covid lockdowns, so don't be discouraged by recent weakness in the stock.
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WATCH
Israeli tech company. Cloud-based development platform. Users can access management solutions, web design, and web development. Lots of competition, but they're the leader. Fantastic run this year. Narrow moat. Margins getting squeezed. His price target is $323.
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Wix.com(WIX-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Wix.com is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Wix.com(WIX-Q) Frequently Asked Questions

What is Wix.com stock symbol?

Wix.com is a American stock, trading under the symbol WIX-Q on the NASDAQ (WIX). It is usually referred to as NASDAQ:WIX or WIX-Q

Is Wix.com a buy or a sell?

In the last year, there was no coverage of Wix.com published on Stockchase.

Is Wix.com a good investment or a top pick?

Wix.com was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Wix.com.

Why is Wix.com stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Wix.com worth watching?

0 stock analysts on Stockchase covered Wix.com In the last year. It is a trending stock that is worth watching.

What is Wix.com stock price?

On 2022-08-16, Wix.com (WIX-Q) stock closed at a price of $74.91.