Wix.com Ltd. (NASDAQ: WIX) went public in 2013, and since then, the stock has been on a tear. The company’s innovative website builder platform has allowed it to grow rapidly and become one of the leading website builders in the world.
And with the recent launch of Wix ADI, which allows users to create a website in minutes without any prior design or coding experience, it seems like the sky is the limit for this company.
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Exciting update! We've collaborated with Wix to offer WBI users with a free plan for all website creation needs - Explore the details here.
So is Wix stock a buy at its current price of around $80 per share? Let’s take a look at the company’s fundamentals to see if there are any red flags that investors should be aware of.
PRO TIP: Wix.com is a publicly traded company on the NASDAQ stock exchange under the ticker symbol WIX. As of February 2021, the company has a market capitalization of $13.5 billion.
However, we recommend caution when considering an investment in Wix.com stock. The company is unprofitable, and its stock price has been highly volatile in recent years.
One potential concern is that Wix’s revenue growth has been slowing down in recent quarters. In Q4 2017, Wix’s revenue grew by 30% year-over-year, which was down from 39% growth in Q3 2017 and 47% growth in Q2 2017.
This slowdown in revenue growth is likely due to the company’s maturing business model, as it now has a larger base of recurring revenue from users who have signed up for its premium subscription plans.
Another concern is that Wix’s net income has been declining in recent quarters, despite its strong top-line growth. In Q4 2017, Wix reported a net loss of $4.8 million, compared to a net loss of $1.9 million in Q4 2016.
This deterioration in profitability is likely due to the company’s heavy investment in marketing and R&D to fuel its growth.
Conclusion
Despite some concerns about its slowing revenue growth and deteriorating profitability, I believe that Wix stock is still a buy at its current price. The company’s platform is very innovative and user-friendly, and with the launch of Wix ADI, it seems poised for continued growth.
6 Related Question Answers Found
Wix.com Ltd. (NASDAQ: WIX) offers a leading cloud-based development platform with over 110 million registered users in 190 countries. The company went public in 2013 and has a market cap of over $3 billion. Wix’s platform enables users to create HTML5 websites and mobile sites through the use of online drag and drop tools.
Wix.com Ltd. (NASDAQ: WIX) stock has been on a tear in 2020, up over 80% through mid-July. The company is a leading provider of cloud-based web development services. Its platform enables users to create HTML5 websites and mobile sites through the use of online drag-and-drop tools.
Wix.com Ltd. (NASDAQ: WIX) is a cloud-based web development platform that allows users to create HTML5 websites and mobile sites through the use of online drag and drop tools. The company was founded in 2006 by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan. Wix is headquartered in Tel Aviv, Israel, with offices in San Francisco, New York City, Brazil, Canada, Germany, India, Ireland, Lithuania, and the Ukraine.
Wix is a popular website builder that allows users to create stunning websites with no coding required. The company has been growing rapidly and is now one of the largest website builders in the world. With its strong user base and innovative features, Wix is a good stock to buy for long-term growth.
If you’re considering signing up for a Wix premium plan, you may be wondering if it’s worth the investment. Here’s a look at what you can expect from a premium Wix plan, as well as some pros and cons to help you decide if it’s the right choice for your website. What is Wix Premium?
Wix.com is a web development platform that allows users to create HTML5 websites and mobile sites through the use of their online drag and drop tools. The company was founded in 2006 by Avishai Abrahami, Nadav Abrahami and Giora Kaplan. Since its launch, Wix has become one of the most popular web development platforms on the market with over 110 million users in 190 countries.
