May 28, 2024
Hot Stocks 🔥 Up Nearly 10% In Past Week | Nemo

Name of opportunity: 👀 Limited

Happy stakeholders: 🤩

Last week, published its quarterly earnings. The company has recently been delivering a profit of US$0.41 per share, which is 286% above what had previously been predicted. Total bookings were up 10% year on year from 2023. Wix co-founder and CEO Avishai Abrahami said "hundreds of thousands of sites" have already been made using the new AI Website Builder tool, which was only launched in March of this year. 

How hot is this investment opportunity? 🔥🔥🔥

Analysts predict that the price of Ltd will increase from $167.92 to $186.83 in the next 12 months. As a potential rise of 9.90%, if you invested $1000, you might profit $99.02.

Wix has predicted, as part of their quarterly earnings report, that the company will see further growth and higher bookings, particularly in Creative Subscriptions (the monthly or yearly fee users pay to access the premium version of the website builder, and to have their websites hosted). 

Analysts are most excited about the company’s improved free cash flow, which was US$105.7 million compared with US$25 million in Q4 2023. 

www: 🖥️

As uses a freemium business model, with a free tier and premium add-ons, the SaaS company is especially popular with people who run small to medium size businesses. However, the new AI tools make it increasingly easy to build an impressive looking website, and also command a higher price from users. 

Which neme?: 🔍

None - search directly for ‘’

Download Nemo to pick up shares in this increasingly well respected website builder

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.