Market Analysts see ContextLogic Inc. [WISH] gaining to $22. Time to buy?

ContextLogic Inc. [NASDAQ: WISH] price plunged by -4.16 percent to reach at -$0.34. The company report on May 26, 2021 that FILING DEADLINE–Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of ARRY, CCXI, PCT and WISH.

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The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of the following publicly traded companies.

ChemoCentryx, Inc. (CCXI)Class Period: September 11, 2020 and May 5, 2021Lead Plaintiff Motion Deadline: July 6, 2021SECURITIES FRAUDTo learn more, visit https://kclasslaw.com/cases/securities/nasdaqgs-ccxi/.

A sum of 20787810 shares traded at recent session while its average daily volume was at 7.46M shares. ContextLogic Inc. shares reached a high of $8.28 and dropped to a low of $7.70 until finishing in the latest session at $7.84.

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 1.04, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 5.23, with the Price to Cash per share for the same quarter was set at 2.88.

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 -12.79.

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 28.76, with the RSI for the last a single of trading hit 26.02, and the three-weeks RSI is set at 31.01 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 13.43, while it was recorded at 8.75 for the last single week of trading.

Insight into ContextLogic Inc. Fundamentals:

ContextLogic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

WISH Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WISH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ContextLogic Inc. go to 76.60%.

ContextLogic Inc. [WISH] Insider Position Details

There are presently around $2,711 million, or 77.60% 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 0% 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 $496.95 million in WISH stocks shares; and FOUNDERS FUND V MANAGEMENT, LLC, currently with $470.19 million in WISH stock with ownership of nearly New of the company’s market capitalization.

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85 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 80,339,633 shares. Additionally, 48 investors decreased positions by around 12,958,916 shares, while 14 investors held positions by with 252,500,341 shares. The mentioned changes placed institutional holdings at 345,798,890 shares, according to the latest SEC report filing. WISH stock had 51 new institutional investments in for a total of 67,159,673 shares, while 34 institutional investors sold positions of 8,657,046 shares during the same period.

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