ContextLogic Inc. (NASDAQ:WISH) finished Thursday with an addition of $0.03 to close at $0.47, an upside of 7.89 percent. An average of 18,500,820 shares of common stock have been traded in the last five days. There was a fall of -$0.0437 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 21,175,586 shares traded, while the 50-day average volume stands at 19,385,576.
WISH stock has decreased by -28.07% in the last month. The company shares reached their 1-month lowest point of $0.4353 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.44 and a high of $3.37 in 52 weeks. It has reached a new high 1 time so far this year and lost -84.78% or -$2.6367 in price. In spite of this, the price is down -85.96% from the 52-week high.
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WISH stock investors should be aware that ContextLogic Inc. (WISH) stock had its last reported insider trading activity 28 days ago on Dec 02. In this transaction, the insider spent $60,738. Chief Product Officer, Jain Tarun Kumar, disposed of 88,000 shares at a price of $0.74 on Nov 02. The insider now owns more than $65,375 worth of shares. Prior to that, 10% Owner Szulczewski Piotr went on to Sale 2,726,819 shares at $0.72 each on Oct 28. An amount of $1,969,309 was transacted.
ContextLogic Inc. (WISH) has a trailing price-to-sales (P/S) ratio at 0.44, the price-to-book (PB) ratio at 0.56.
The quick ratio of ContextLogic Inc. for the three months ended September 29 was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $1.11 billion compared to revenue of $2.08 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ContextLogic Inc.’s return on assets was -30.60%.
For the three-month period that ended September 29, ContextLogic Inc. had $250.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$124.0 million in the quarter, while revenues were grew 48.39%. The analyst consensus anticipated ContextLogic Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.18, a 10.00% surprise. For the quarter, EBITDA amounted to -$127.0 million. Shareholders own equity worth $677.0 million.
From a technical analysis perspective, let’s take a brief look at ContextLogic Inc. (WISH) price momentum. RSI 9-day as of the close on 29 December was 32.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 79.87%.
As of today, WISH’s price is $0.4621 -8.45% or -$0.0437 from its 5-day moving average. WISH is currently trading -35.49% lower than its 20-day SMA and -74.42% lower than its 100-day SMA. However, the stock’s current price level is -37.66% below the SMA50 and -72.16% below the SMA200.
The stochastic %K and %D were 5.54% and 4.92%, respectively, and the average true range (ATR) was 0.0494. With the 14-day stochastic at 15.04% and the average true range at 0.0536, the RSI (14) stands at 34.34%. The stock has reached -0.0387 on the 9-day MACD Oscillator while the 14-day reading was at -0.0865.
Citigroup launched coverage on ContextLogic Inc. (NASDAQ: WISH) in its analyst report released on December 13, 2022. The firm assigned the stock a Sell rating. The consensus rating for ContextLogic Inc. (WISH) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell WISH, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is WISH’s price target for the next 12 months?
Analysts predict a range of price targets between $0.50 and $5.70, with a median target of $0.80. Taking a look at these predictions, the average price target given by analysts for ContextLogic Inc. (WISH) stock is $1.70.