ContextLogic Inc. [WISH] moved down -0.84: Why It’s Important

ContextLogic Inc. [NASDAQ: WISH] price plunged by -0.84 percent to reach at -$0.1. The company report on May 10, 2021 that Wish to Attend J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference.

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Wish (NASDAQ: WISH), one of the world’s largest and fastest growing mobile ecommerce platforms, announced its participation at J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference.

On Monday, May 24, 2021 at 12:30 p.m. PT / 3:30 p.m. ET, a live audio webcast of the fireside chat with Wish management will be available through the “Investor Calendar” section of Wish’s corporate website at https://ir.wish.com. An archive of the webcast will be available for approximately 30 days.

A sum of 6431858 shares traded at recent session while its average daily volume was at 5.85M shares. ContextLogic Inc. shares reached a high of $12.13 and dropped to a low of $11.075 until finishing in the latest session at $11.78.

Guru’s Opinion on 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 0.97, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 2.88. The Price to Book ratio for the last quarter was 6.73, with the Price to Cash per share for the same quarter was set at 3.43.

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 -12.29.

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 33.90, with the RSI for the last a single of trading hit 30.33, and the three-weeks RSI is set at 35.75 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 15.17, while it was recorded at 12.30 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 -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 Position Details

There are presently around $3,296 million, or 76.80% 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 $746.69 million in WISH stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $316.12 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 May and at the time of the May reporting period, where 103 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 276,826,114 shares. Additionally, 3 investors decreased positions by around 526,250 shares, while 2 investors held positions by with 2,422,425 shares. The mentioned changes placed institutional holdings at 279,774,789 shares, according to the latest SEC report filing. WISH stock had 96 new institutional investments in for a total of 275,765,241 shares, while 3 institutional investors sold positions of 526,250 shares during the same period.

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