ContextLogic Inc. (NASDAQ:WISH) saw a downside of -3.28% to close Friday at $5.01 after subtracting -$0.17 on the day. The 5-day average trading volume is 38,850,039 shares of the company’s common stock. It has gained $5.36 in the past week. An average of 37,530,918 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 39,805,844.
WISH’s 1-month performance is -28.33% or -$1.83 on its low of $4.61 reached on 10/06/21. The company’s shares have touched a 52-week low of $4.61 and high of $32.85. YTD, WISH has lost -72.53% or -$13.23. However, the current price is down -84.75%% from the 52-week high price.
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On Oct 01, 10 days have gone by since the last insider trading activity for ContextLogic Inc. (WISH). Shah Devang (General Counsel and Secretary) most recently sold 4,083 shares at $5.53 per share on Oct 01. This transaction cost the insider $22,579. Vice President of Operations, Chuang Peiyen, sold 3,111 shares at a price of $6.30 on Sep 17. Then, on Sep 17, Interim Co-CFO, Chief Acc Ofcr Just Brett sold 1,791 shares at a price of $6.30 per share. This transaction amounted to $11,283.
ContextLogic Inc. (WISH) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 20.34 for the sector.WISH stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.15 while the price-to-book (PB) in the most recent quarter is 3.63.
ContextLogic Inc.’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.00 meaning that WISH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 57.90%. The trailing 12-month EBITDA margin is -23.97%. The firm’s gross profit as reported stood at $1.59 billion against revenue of $2.54 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected WISH to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.18, representing a -28.60% surprise. EBITDA for the quarter stood at more than -$111.0 million. WISH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 889.0 million, with total debt at $45.0 million. Shareholders hold equity totaling $628.0 million
Let’s look briefly at ContextLogic Inc. (WISH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 32.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 64.41%.
The stock’s 5-day moving average is $4.94, reflecting a -6.36% or -$0.34 change from its current price. WISH is currently trading -26.32% above its 20-day SMA, -44.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -49.80% and -77.42% respectively.
Stochastic %K and %D was 23.03% and 14.91% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 32.35%, while the 14-day stochastic is at 23.67% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.47 on the 14-day charts.
In the most recent analyst report for ContextLogic Inc. (NASDAQ: WISH), Oppenheimer downgraded it to an Underperform rating. They previously had a Perform rating on the stock. Analysts offering their rating for WISH stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate WISH as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is WISH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $19.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for ContextLogic Inc. (WISH) stock is $9.83.