The last 12 months have been brutal for e-commerce companies such as Wix.com (NASDAQ: WIX). At one point, the stock was down by more than 80% from its all-time high after reaching a low point of $53.12 per share. The stock has since recovered some ground.
While there are good reasons to stay away from e-commerce companies amid headwinds like post-pandemic disruptions and geopolitical tensions, bargain hunters are excited about buying these stocks on the cheap.
Before loading up on Wix stock, however, let's first consider the bull and bear case for investing in the company.
Source Fool.com