Wix.com Ltd. (NASDAQ:WIX): 7 Analyst have given the stock of Wix.com Ltd. (NASDAQ:WIX) a near short term price target of $32.29. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $3.25. The higher price target estimate is at $37 while the lower price estimates are fixed at $27.
For the current week, the company shares have a recommendation consensus of Buy.
Wix.com Ltd. (NASDAQ:WIX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.14 points or 3.95% at $27.75 with 912,017 shares getting traded. Post opening the session at $28.72, the shares hit an intraday low of $27.32 and an intraday high of $28.98 and the price was in this range throughout the day. The company has a market cap of $1,118 million and the number of outstanding shares have been calculated to be 40,272,846 shares. The 52-week high of Wix.com Ltd. (NASDAQ:WIX) is $29.47 and the 52-week low is $14.79.
Wix.com Ltd. is a Web development platform. The Company develops and markets an Internet service that allows users to create Web content. The Company offers its Web development, design and management solutions and apps through an online platform for businesses, organizations, professionals and individuals. Its Web development technology is built based on HTML5 and offers HTML5 compatible capabilities, Web design and layout tools, domain hosting, and other marketing and work flow management applications and services. By registering with the Companys Website, its users receive access to the Wix Editor, an online editor. The Companys cloud-based platform is accessed through a hosted environment, allowing its users to update their site and manage their business or organization at any time.