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Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its platform consists of two web creation products, with a different purpose or primary audience: Wix Editor, intended for full website creation targeted at users with basic, average, or above average technological skills, and Wix Studio, intended for advanced users such as design agencies and professionals. Geographically, the company generates a majority of its revenue from the United States and the rest from Europe, Latin America, Asia, and other regions.
Wix.com Ltd. - trades on the NASDAQ stock market under the symbol WIX.
As of May 16, 2024, WIX stock price declined to $136.05 with 462,560 million shares trading.
WIX has a beta of 1.93, meaning it tends to be more sensitive to market movements. WIX has a correlation of 0.42 to the broad based SPY ETF.
WIX has a market cap of $7.57 billion. This is considered a Mid Cap stock.
Last quarter Wix.com Ltd. - reported $404 million in Revenue and $1.22 earnings per share. This beat revenue expectation by $942,944 and exceeded earnings estimates by $.27.
In the last 3 years, WIX stock traded as high as $309.00 and as low as $53.12.
The top ETF exchange traded funds that WIX belongs to (by Net Assets): IEFA, SKYY, EFA, CLOU, EFG.
WIX has outperformed the market in the last year with a price return of +73.9% while the SPY ETF gained +29.8%. WIX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.9% and +14.3%, respectively, while the SPY returned +5.8% and +5.8%, respectively.
WIX support price is $134.27 and resistance is $140.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WIX stock will trade within this expected range on the day.