WIX traded at $79.31 this Monday May 11th, decreasing $0.81 or 1.01 percent since the previous trading session. Looking back, over the last four weeks, WIX lost 22.13 percent. Over the last 12 months, its price fell by 55.87 percent. Looking ahead, we forecast WIX to be priced at 77.76 by the end of this quarter and at 71.11 in one year, according to Trading Economics global macro models projections and analysts expectations.
Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments. These applications provide Wix registered users a bespoke front-end for customers visiting their Website, as well as a back-end management dashboard. The Company has developed these software applications for businesses in specific verticals, including retail and online stores, service providers, hotel and property management, music and restaurants. These vertical applications are integrated into the Company's Website templates or can be installed on any existing Website and set up by the user and without the need to write code.