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WIX

WIX support holds!The high level of demand for Wix's solutions and the resulting rapid revenue growth are impressive, but so is the strong cash flow the tech company is generating. The company currently expects total 2020 free cash flow to be between $122 to $127 million. Zooming out over the past five years, Wix's annual free cash flow has risen from $14 million in 2015 to $127 million in 2019. It wouldn't be surprising to see this important profitability metric continue improving rapidly.
NASDAQ:WIXLong
by ShukriMahadi
1
$WIX possible long into earnings Earnings approach this week and we hope to see WIX follow in the footsteps off SHOP and GDDY with some blowout numbers as online presence becomes a must in the shutdown economy and will continue to thrive as the consumer becomes more and more reliant on online shopping. Company profile Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
NASDAQ:WIXLong
by Bullishcharts
2
WIX, the shopify friend as you all probably know, shopify is one of the stocks that has grown the most the past few years. Wix is actually really similar as it's focus is on simple website creating, if it is a restaurant main page or basically anything else, you can make it with wix, with literally no knowledge of creating a website. That being said, it dropped down to about 60 usd a share a while back where it sat as no one noticed it, and then it suddenly started hitting the 70 mark and now the 77 mark. most hedge funds seems to think that this is the highest it can go, which I agree with. on a Q to Q basis they are losing 15m-6m per quarter, but revenue has been steadily increasing with about 7% at the same time, but the last 2 quarters their investments tanked quite a bit (about a 100m). equity laying on almost a break even I'd say wix is probably a bit over valued at the moment, but if it keep up the momentum and start decreasing the amount of cost, it could justify sitting at around a 3B USD market cap, but at this moment I think it's almost a short in the long run down to about 60 again ( if nothing changes ). ---------- it seems investors look at WIX as a growth company compared to shopify, but it doesn't seem to have the same growth potential as shopify is using the pyramid technic which is effective but quite expensive in the short term.
NASDAQ:WIX
by granitehandchinkys