ContextLogic Inc. [WISH] Stock trading around $13.53 per share: What’s Next?

ContextLogic Inc. [NASDAQ: WISH] plunged by -$0.74 during the normal trading session on Wednesday and reaching a high of $14.38 during the day while it closed the day at $13.53. The company report on March 9, 2021 that Wish Reports Fourth Quarter and Fiscal Year 2020 Financial Results.

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Delivered Record High Q4 2020 Revenue, Representing Growth of 38% Year Over Year.

Q4 Core Marketplace Revenue Per Active Buyer Increased 66% Year Over Year.

The market cap for WISH stock reached $8.62 billion, with 586.98 million shares outstanding and 331.07 million shares in the current float. Compared to the average trading volume of 5.69M shares, WISH reached a trading volume of 4773993 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about ContextLogic Inc. [WISH]:

Evercore ISI have made an estimate for ContextLogic Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 06, 2021. The new note on the price target was released on February 16, 2021, representing the official price target for ContextLogic Inc. stock.

The Average True Range (ATR) for ContextLogic Inc. is set at 1.17, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 3.39. The Price to Book ratio for the last quarter was 7.73, with the Price to Cash per share for the same quarter was set at 3.34.

WISH stock trade performance evaluation

ContextLogic Inc. [WISH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.58.

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 32.79, with the RSI for the last a single of trading hit 30.73, and the three-weeks RSI is set at 35.04 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 19.69, while it was recorded at 13.83 for the last single week of trading.

ContextLogic Inc. [WISH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ContextLogic Inc. [WISH] shares currently have an operating margin of -24.83 and a Gross Margin at +62.73. ContextLogic Inc.’s Net Margin is presently recorded at -29.32.

Return on Total Capital for WISH is now -103.61, given the latest momentum, and Return on Invested Capital for the company is -123.75. Return on Equity for this stock declined to -132.56, with Return on Assets sitting at -39.60. When it comes to the capital structure of this company, ContextLogic Inc. [WISH] has a Total Debt to Total Equity ratio set at 5.06. Additionally, WISH Total Debt to Total Capital is recorded at 4.82, with Total Debt to Total Assets ending up at 2.17. Long-Term Debt to Equity for the company is recorded at 3.70, with the Long-Term Debt to Total Capital now at 3.52.

Receivables Turnover for the company is 28.55 with a Total Asset Turnover recorded at a value of 1.35.ContextLogic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

ContextLogic Inc. [WISH]: Insider Ownership positions

There are presently around $3,767 million, or 91.10% 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 1.50% of the total institutional ownership; FORMATION8 GP, LLC, holding 63,386,126 shares of the stock with an approximate value of $857.61 million in WISH stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $363.08 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 June and at the time of the June reporting period, where 96 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 278,392,701 shares. Additionally, 1 investors decreased positions by around 1,250 shares, while 0 investors held positions by with 720 shares. The mentioned changes placed institutional holdings at 278,393,231 shares, according to the latest SEC report filing. WISH stock had 94 new institutional investments in for a total of 278,391,556 shares, while 1 institutional investors sold positions of 1,250 shares during the same period.

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