Stock FAQs

why is wix stock down today

by Mr. Josh Medhurst Published 3 years ago Updated 2 years ago
image

Why did Wix's shares fall 17% Wednesday?

Get the latest Wix.com Ltd. (WIX) stock news and headlines to help you in your trading and investing decisions.

Should you buy Wix (Wix) stock?

Apr 27, 2022 · View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations. Get daily stock ideas top-performing Wall Street analysts.

What are analysts'price targets for Wix (Wix) stock?

Apr 15, 2022 · Their forecasts range from $78.00 to $375.00. On average, they anticipate Wix.com's stock price to reach $171.53 in the next year. This suggests a possible upside of 138.4% from the stock's current price. View analysts' price targets for Wix.com or view top-rated stocks among Wall Street analysts.

What is Wix?

Apr 18, 2022 · WIX: Get the latest Wix.com stock price and detailed information including WIX news, historical charts and realtime prices.

image

Why did Wix go down?

According to management, this deceleration is primarily due to a pull-forward in demand from the pandemic. As many businesses were forced to shift online during COVID-19, Wix saw a rapid increase in new users throughout 2020.Mar 8, 2022

Is Wix com a good stock to buy right now?

There are currently 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Wix.com stock.

Is Wix stock overvalued?

In short, The stock of Wix.com (NAS:WIX, 30-year Financials) shows every sign of being significantly overvalued. The company's financial condition is fair and its profitability is poor. Its growth ranks worse than 87% of the companies in Software industry.Apr 1, 2021

Is Wix a profitable company?

While Wix has never been operationally profitable, the company has the potential to grow profitability. At the end of 9M 2021, $150 million or 12% of all expenses are accounted for by share-based compensation (SBC), SBC's share in operating expenses is 17%.Jan 26, 2022

Is Wix losing money?

Revenue for the full year 2021 was $1.270 billion, up 29% on 2020. Total gross margin on a GAAP basis for the full year 2021 was 62%. The GAAP net loss for the year was $117.2 million, or $2.06 per share. On a non-GAAP basis, the net loss for the year was $79 million, or $1.39 per share.Feb 16, 2022

Is Wix a buy Zacks?

See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
...
Momentum Scorecard. More Info.
Zacks RankDefinitionAnnualized Return
1Strong Buy24.97%
2Buy18.45%
3Hold10.03%
4Sell5.70%
2 more rows

What are stock purchases?

A stock purchase involves the purchase of the selling company's stock only.Jan 17, 2018

What is the future of Wix?

Wix -- whose Nasdaq listed shares are up 16% so far this year -- raised its outlook for 2021 and expects revenue of $1.28-$1.29 billion for annual growth of 29-30% versus an estimate of $1.272-$1.286 billion made in February.May 12, 2021

Is Wix an American company?

Wix.com Ltd.

קום) is an Israeli software company publicly listed in the US that provides cloud-based web development services.

Is Wix growing?

Revenue grew 29% year over year to $1.27 billion, building on its 30% gain in revenue in 2020. However, like so many other internet outfits, Wix's growth rate accelerated early in the pandemic as companies and aspiring entrepreneurs sought out digital tools to keep the gears of business turning.Mar 2, 2022

Is Wix.com a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wix.com in the last twelve months. There are currently 7 hold ratings and...

How has Wix.com's stock been impacted by Coronavirus?

Wix.com's stock was trading at $114.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Sin...

Are investors shorting Wix.com?

Wix.com saw a drop in short interest in January. As of January 31st, there was short interest totaling 3,190,000 shares, a drop of 19.0% from the J...

When is Wix.com's next earnings date?

Wix.com is scheduled to release its next quarterly earnings announcement on Wednesday, May 11th 2022. View our earnings forecast for Wix.com .

How were Wix.com's earnings last quarter?

Wix.com Ltd. (NASDAQ:WIX) released its quarterly earnings results on Wednesday, February, 16th. The information services provider reported ($0.37)...

What guidance has Wix.com issued on next quarter's earnings?

Wix.com updated its first quarter 2022 earnings guidance on Wednesday, March, 2nd. The company provided EPS guidance of for the period. The company...

What price target have analysts set for WIX?

19 brokerages have issued 1 year price targets for Wix.com's stock. Their forecasts range from $85.00 to $375.00. On average, they anticipate Wix.c...

Who are Wix.com's key executives?

Wix.com's management team includes the following people: Avishai Abrahami , Honorary Chairman & Chief Executive Officer Nir Zohar , President &...

What is Avishai Abrahami's approval rating as Wix.com's CEO?

205 employees have rated Wix.com CEO Avishai Abrahami on Glassdoor.com . Avishai Abrahami has an approval rating of 96% among Wix.com's employees....

Wix.com Media Sentiment

Media Coverage

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

Wix.com (NASDAQ WIX) News Headlines Today

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

Is Wix.com a buy right now?

Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.

What stocks does MarketBeat like better than Wix.com?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wix.com in the last year. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Wix.com stock.#N#View analyst ratings for Wix.com or view top-rated stocks.

When is Wix.com's next earnings date?

Wall Street analysts have given Wix.com a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Wix.com wasn't one of them.

How were Wix.com's earnings last quarter?

Wix.com is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.#N#View our earnings forecast for Wix.com.

How has Wix.com's stock been impacted by Coronavirus (COVID-19)?

Wix.com Ltd. (NASDAQ:WIX) issued its quarterly earnings data on Wednesday, August, 11th. The information services provider reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($1.02) by $0.74.

What guidance has Wix.com issued on next quarter's earnings?

Wix.com's stock was trading at $114.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WIX stock has increased by 97.8% and is now trading at $227.39.#N#View which stocks have been most impacted by COVID-19.

What price target have analysts set for WIX?

Wix.com updated its FY 2021 earnings guidance on Wednesday, September, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.26 billion-$1.27 billion, compared to the consensus revenue estimate of $1.29 billion.

The software company is being less transparent with investors

20 analysts have issued 12-month target prices for Wix.com's stock. Their forecasts range from $210.00 to $375.00. On average, they expect Wix.com's stock price to reach $287.32 in the next twelve months.

What happened

Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.

So what

Shares of Wix.com ( NASDAQ:WIX) fell 17% on Wednesday, following the release of the website builder's first-quarter results.

Now what

Wix's revenue rose 41% year over year to $304.1 million. The gains were fueled by a 28% increase in creative subscriptions revenue, to $226.4 million, and a 97% surge in business solutions revenue, to $77.7 million.

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9