Wix.com stock Fundamental analysis (Wix.com stock price target)
The shares of wix.com company are going to increase very fast. wix.com is a very big website development company. wix.com’s business is website development and cloud services. If we talk about the business model of this company then the business model of this company is very profitable. If we talk about the results of this company then there is a huge growth in the profits of this company quarter on quarter and year on year.
There is a huge growth in online business all over the world. Now people have started doing online shopping more than shopping in shops. When the whole world is turning towards online shopping then the business of website development and software development is going to grow a lot. There is a huge increase in the customers of wix.com. When the profits of wix.com are increasing significantly, its shares will also increase significantly.
Wix.com main business model
- Website development tool
- eCommerce website tool
- Payment processing tool
- Analytical and marketing tool
- Logo creation service
- SEO service
- Wix.com enterprise solutions for Business
Wix.com stock technical analysis (Wix.com stock price target)
wix.com share is going to rise very fast. wix.com share has reached a high of 360$ in JANUARY 2021. wix.com share has reached a low of 55$ in JULY 2022. The current price of this share is 226$. The next target of this share will be 500$. Now we will know how hedge funds will take wix.com shares to 500$.
Hedge funds trading strategy in Wix.com (Wix.com stock price target)
The hedge funds started booking profits of around $360 in wix.com shares. And the hedge funds started booking profits by selling whatever shares they had in delivery of wix.com shares around $360. After selling the shares in delivery, the fund houses started short selling around $300. The hedge funds started covering their shorts around $60.
When this share came to around $58, the hedge funds again started buying wix.com shares in delivery. Now hedge funds have started buying in large quantities in delivery. Even at the current price of 226$, hedge funds are buying wix.com in delivery. The hedge fund will sell Wix.com shares on delivery at $500 and book profits.
Now we will talk about why retail investors make losses in the stock market and hedge funds make huge profits ?
When the price of this share reached around 360$, then hedge funds spread a rumour through media and newspapers that this share is going to cross 400$. And around 360$ retail investors start buying. When retail investors start buying, then hedge funds start selling the stock to retail investors.
When the price reaches 360$ the hedge funds start selling the stock in delivery and when it reaches 222$ and all the deliveries of the hedge funds are finished then the hedge funds start short selling in future contracts. When the hedge funds do short selling they start covering the short in their future contracts till it reaches 60$.
When this share comes around 60-55$ the hedge funds spread bad news about wix.com in the media and newspapers and the retail investors start selling the stock. When retail investors start selling the stock at a price of 55-60$ then the hedge funds also start buying the stock in delivery. As soon as this share crosses its old high of $360, they buy in delivery.
When this share crosses $360, hedge funds start taking aggressive long position in future contracts. When this share reaches around $500, hedge funds spread very good news about wix.com in the media and newspapers. When the price is running at $500, the media people talk of a target of $700. When retail investors start buying at a price of $500, hedge funds start selling in their delivery. Hedge funds book profits at $500. Or retail investors get trapped by making purchases for around $500.
Conclusion (Wix.com stock price target)
Next target for WIX.COM stock is 500$.