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

Wix.com Ltd (NASDAQ:WIX) spotted trading -9.41% off 52-week high price. On the other end, the stock has been noted 35.43% away from the low price over the last 52-weeks. The stock changed -8.73% to recent value of $141.68. The stock transacted 2637259 shares during most recent day however it has an average volume of 517.94K shares. The company has 50.63M of outstanding shares and 49.78M shares were floated in the market.

On Feb. 20, 2020,  Wix.com Ltd (NASDAQ:WIX) declared the appointment of Diane Greene to its board of directors.

We could not be more excited to welcome Diane to our board of directors, said Avishai Abrahami, Co-founder and CEO of Wix. As the co-founder of multiple disruptive companies, overseeing their tremendous growth, along with serving on the boards of highly successful technology leaders, Diane brings an unparalleled amount of technology experience and leadership to our board. As we embark on our next significant phase of growth, we are fortunate to add someone of Diane’s wisdom to Wix.

Ms. Greene is among the most prominent entrepreneurs in the development of cloud computing and an experienced leader in the enterprise software industry. In 1998 Greene co-founded VMware, a pioneer in computing virtualization solutions, serving as its CEO until 2008. She also co-founded and was the CEO of VXtreme, bought by Microsoft in 1997, and Bebop, bought by Google in 2015. She previously served as the CEO of Google’s Cloud Division from 2015 through 2018 as well as on the board of directors for Intuit from 2006 to 2018 and for Alphabet from 2012 to 2019.

Ms. Greene currently serves on the board of directors of SAP SE and Stripe. She is also a lifetime member of The MIT Corporation, the governing body of the Massachusetts Institute of Technology, and is a member of the National Academy of Engineering. She holds a B.S. in Mechanical Engineering from the University of Vermont, a M.S. in Naval Architecture from MIT and a M.S. in Computer Science from the University of California, Berkeley.

Its earnings per share (EPS) expected to touch remained 33.50% for this year while earning per share for the next 5-years is expected to reach at 14.09%. WIX has a gross margin of 75.80% and an operating margin of -9.00% while its profit margin remained -9.80% for the last 12 months.

According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.39% from the mean of 20 days, 5.40% from mean of 50 days SMA and performed 5.36% from mean of 200 days price. Company’s performance for the week was -2.29%, 0.93% for month and YTD performance remained 15.77%.

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