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Wix.com Ltd (WIX) live price

Discover historical price data for Wix.com Ltd stocks and take your profit on price changes.

WIX

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78.67 USD 0.562437%
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The IT sector remains a lucrative investment option during a pandemic and volatile geopolitical world. Securities of IT companies can be used in trading focused on both short-term and long-term strategies. One interesting asset from the IT sphere is Wix stock.

wix.com

Basic information about the company

Wix.com is an international online platform for designing and developing Web sites and their mobile versions. The project was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan in 2006. The company is headquartered in Tel Aviv, Israel. Wix also has offices in other cities around the world including New York, Vilnius, Miami, and San Francisco.

The company went public after its IPO in November 2013, when Wix shares were listed on the NASDAQ. The cloud platform was valued at $16.5 at the time. Wix.com had several rounds of investment, during which the project received investments from investment funds Mangrove Capital Partners, Insight Venture Partners, and Benchmark Capital.

Company activity

Wix operates on a freemium business model. Users of the platform have the opportunity to develop sites for free and develop them by buying useful improvements. For example, to connect a personal domain, create an online store, increase data storage and get access to other benefits you can sign up for a Premium plan.

Wix.com users can use:

  1. free website templates;
  2. tools to optimize online resources;
  3. statistical blocks;
  4. Wix ADI programs based on Artificial Intelligence;
  5. App-builder for app development.

The main idea of the project was to make the Internet open for all people to express themselves, interact with each other and develop. Users of the platform can create websites in HTML5 using drag-and-drop tools.

The latest news on the stock exchange rate

On March 7, 2022, the Israeli media reported that Wix was leaving the Russian market. However, the company's management denied the news, specifying that the platform would support freedom of speech for Russian citizens. In this case, access to free tools to create a website will remain open to Russian users.

After the announcement about continuing operations in Russia, Wix shares began to go up in price. While on March 7 the cloud platform securities were traded at $74, on March 24 the Wix Stock quotes rose to $95.

✅ Benefits of investing in Wix

  • Wix analysts expect first-quarter 2022 earnings in the range of $338 million to $343 million.
  • The platform is increasing the number of subscribers. Increased demand for Wix.com's online services is driving up the company's stock price.
  • Short rate jumps can be used to make money by trading a speculative strategy.
  • The platform has good potential for development, as evidenced by the 60% revenue growth in the last 2 years.

❌ Disadvantages of investing in Wix

  • The company does not pay dividends. This can be a disadvantage for investors who are solely focused on dividend stocks.
  • After Wix stock rose above the $300 mark during the pandemic, quotes began to decline.

Financial performance.

In Q4 2021, Wix.com's total revenue reached $328.34 million, a 16% increase over last year's total for the same period. Annual revenue for 2021 was $1.27 billion, a 29% improvement over the 2020 results for the cloud platform. The number of registered users of the service reached 222 million on Dec. 31, 2021, a 13% increase over the number on Dec. 31, 2020.

The company's management noted that the demand for online services has increased over the past 1.5 years, helped by the COVID-19 pandemic. Wix stock has also started to rise in value since early March 2020. However, in November 2021, quotes went into a slump and dropped below $100 from the $200 level by March 2022.

Frequently Asked Questions

How has the COVID-19 pandemic affected Wix's stock price?

During the coronavirus pandemic, demand for the cloud platform's products increased. Wix's stock price rose from $100 in March 2020 to $350 in January 2021.

How does an individual invest in Wix stock?

To earn from Wix stock trading, go to your personal DotBig account and make a deposit. Then select a desktop or mobile version of the trading platform.

How has Wix.com's stock price changed over the last year?

Over the last year, Wix stock has fallen from $280 in March 2021 to $95 in March 2022.

Is it possible to trade Wix stock in automatic mode?

For automated trading, DotBig offers advisor programs and a social trading platform. You can also use trading signals

What other companies in the IT sector can I choose to invest in?

The IT sector also includes Riskified, Check Point Software Technologies Ltd, JFrog Ltd

How to start trading Wix.com Ltd stocks

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1487 folowers
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