Notable News Spotlight: Wix.com Ltd. (NASDAQ:WIX)

Wix.com Ltd. (NASDAQ:WIX) spotted trading -12.20% off 52-week high price. On the other end, the stock has been noted 70.51% away from the low price over the last 52-weeks. The stock changed -0.14% to recent value of $136.75. The stock transacted 429040 shares during most recent day however it has an average volume of 473.86K shares. The company has 49.67M of outstanding shares and 49.08M shares were floated in the market.  

 On Sept. 04, 2019, Wix.com Ltd. (NASDAQ:WIX) and NTT Town Page Corporation (NTT-TP) have disclosed a strategic partnership in Japan. As a result of the partnership, NTT-TP will now offer: NTT Town Page Digital Lead Powered by Wix to business customers across Japan. The service will include a complete suite of products including website creation, site management, e-commerce and SEO capabilities to power online marketing and promotion for small and medium-sized businesses. This joint effort marks Wix’s first co-branding partnership in Japan.

As NTT-TP evolves from its leading print directory business to digital marketing, it required a strong technology partner to provide its customers with a comprehensive digital marketing solution. As a result of this venture, Wix will serve as the exclusive website platform provider to NTT-TP, positioning Wix to become the leading digital marketing solution for millions of businesses in Japan. NTT-TP will tailor templates and content for Japanese customers, as well as offering the planning, developing and managing of the sites and services.

We are delighted to announce our partnership with NTT Town Page, said Nir Zohar, President and COO at Wix. This venture is the first of its kind for us in Japan and a milestone for Wix. We are very excited about the opportunity to join with NTT Town Page to help SMBs across Japan. NTT Town Page customers will be able to do much more than just build a website, they will be able to use the platform to promote and market their businesses. Japan is a very important and fast growing market for us as we have millions of Wix users here. We are committed to growing our teams, customers and valued partners as we expand our products, services and support across the country.

We are very pleased to announce our strategic partnership with Wix, said Norio Sakai, President at NTT Town Page Corporation. The Wix platform is currently used by over 160 million customers worldwide and is known for its beautiful design capabilities, management tools and powerful digital marketing features offered all in one place. In partnering with Wix to create a customized solution for the Japanese market and provide it as an NTT-TP service, we are actively addressing the issues of SMB owners who require improved marketing capabilities and the ability to attract more customers. With this new service we will fully support and enable business growth, and consider NTT-TP as a key partner for SMBs across Japan.

 Its earnings per share (EPS) expected to touch remained 33.50% for this year. WIX has a gross margin of 77.40% and an operating margin of -7.00% while its profit margin remained -8.70% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.48% from the mean of 20 days, -5.47% from mean of 50 days SMA and performed 11.96% from mean of 200 days price. Company’s performance for the week was -6.10%, -3.71% for month and YTD performance remained 51.37%.

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