Is Wix a good stock buy?

Wix’s analyst rating consensus is a ‘Moderate Buy.

Is Wix a buy or sell?

Out of 19 analysts, 5 (26.32%) are recommending WIX as a Strong Buy, 5 (26.32%) are recommending WIX as a Buy, 8 (42.11%) are recommending WIX as a Hold, 0 (0%) are recommending WIX as a Sell, and 1 (5.26%) are recommending WIX as a Strong Sell. What is WIX’s earnings growth forecast for 2022-2024?

Is Wix a publicly traded company?

Wix’s stock began trading on the NASDAQ Global Market on November 6, 2013. The price of the common shares Wix sold in its initial public offering was $16.50 per share.

Will Wix stock go up?

Stock Price Forecast The 17 analysts offering 12-month price forecasts for Wix.Com Ltd have a median target of 120.00, with a high estimate of 200.00 and a low estimate of 78.00. The median estimate represents a +68.47% increase from the last price of 71.23.

Is Wix losing money?

However, he said Wix expects its free cash flow margin to reach 20% by 2025, from about 5% now. The company said on Monday it lost 72 cents per share excluding one-off items in the first quarter, compared with a loss of 56 cents a year earlier.

Why is Wix stock 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.

Is Wix overvalued?

In short, The stock of (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.

What is wrong with Wix stock?

Wix lowered its financial outlook for 2021, causing its stock price to drop. The company attributed a Q2 slowdown in customer adoption to increased uncertainty over the progression of the pandemic.

Why is Wix stock down so much?