Loop Capital slashes price target on ContextLogic Inc. [WISH] – find out why.

ContextLogic Inc. [NASDAQ: WISH] price plunged by -9.07 percent to reach at -$2.41. The company report on February 8, 2021 that Wish Announces Partnership With Black Girls CODE.

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The strategic partnership will support initiatives to bring more women of color to STEM fields.

ContextLogic Inc. (d/b/a/ Wish) formally launched its partnership with San Francisco-based nonprofit organization Black Girls CODE (BGC) to support women of color pursuing careers in technology and STEM fields.

A sum of 7486686 shares traded at recent session while its average daily volume was at 7.50M shares. ContextLogic Inc. shares reached a high of $26.65 and dropped to a low of $24.14 until finishing in the latest session at $24.15.

The one-year WISH stock forecast points to a potential upside of 7.12. The average equity rating for WISH stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on ContextLogic Inc. [WISH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WISH shares is $26.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WISH stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Loop Capital have made an estimate for ContextLogic Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 16, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for ContextLogic Inc. stock. Previously, the target price had yet another raise to $28, while UBS analysts kept a Buy rating on WISH stock.

The Average True Range (ATR) for ContextLogic Inc. is set at 2.31, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 6.24.

WISH Stock Performance Analysis:

ContextLogic Inc. [WISH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.22.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WISH stock in for the last two-week period is set at 42.44, with the RSI for the last a single of trading hit 33.27, and the three-weeks RSI is set at 47.49 for ContextLogic Inc. [WISH], while it was recorded at 26.98 for the last single week of trading.

Insight into ContextLogic Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and ContextLogic Inc. [WISH] shares currently have an operating margin of -7.57 and a Gross Margin at +76.70. ContextLogic Inc.’s Net Margin is presently recorded at -6.79.

Return on Total Capital for WISH is now -126.32, given the latest momentum, and Return on Invested Capital for the company is -113.16. Return on Equity for this stock declined to -138.71, with Return on Assets sitting at -10.08. When it comes to the capital structure of this company, ContextLogic Inc. [WISH] has a Total Debt to Total Equity ratio set at 43.30. Additionally, WISH Total Debt to Total Capital is recorded at 30.22, with Total Debt to Total Assets ending up at 3.07.

Receivables Turnover for the company is 20.22 with a Total Asset Turnover recorded at a value of 1.49.ContextLogic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

ContextLogic Inc. [WISH] Insider Position Details

There are presently around $6,722 million, or 62.50% of WISH stock, in the hands of institutional investors. The top three institutional holders of WISH stocks are: GALILEO (PTC) LTD with ownership of 103,765,380, which is approximately New of the company’s market cap and around 1.40% of the total institutional ownership; FORMATION8 GP, LLC, holding 63,386,126 shares of the stock with an approximate value of $1.53 billion in WISH stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $648.06 million in WISH stock with ownership of nearly New of the company’s market capitalization.

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Positions in ContextLogic Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 93 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 278,332,666 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 278,332,666 shares, according to the latest SEC report filing. WISH stock had 93 new institutional investments in for a total of 278,332,666 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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