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.