Market Analysts see ContextLogic Inc. [WISH] gaining to $4. Time to buy?


ContextLogic Inc. [NASDAQ: WISH] traded at a high on 01/07/22, posting a 1.47 gain after which it closed the day’ session at $2.76. The company report on December 16, 2021 that Wish Collaborates With Nasdaq to Launch “Pop Up” Vending Machine in Times Square Packed With 22 Must-have Items for 2022.

100% of all sales to go to The Robin Hood Relief Fund.

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ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced a collaboration with Nasdaq on the installation of a co-branded vending machine shopping experience at 4 Times Square (corner of Broadway & 43rd Street, NY 10036), which will be open from Dec. 16-18.

The results of the trading session contributed to over 15960562 shares changing hands. Over the past one week, the price volatility of ContextLogic Inc. stands at 8.55% while the volatility over the past one month is 8.47%.

The market cap for WISH stock reached $1.75 billion, with 628.00 million shares outstanding and 481.10 million shares in the current float. Compared to the average trading volume of 28.99M shares, WISH reached a trading volume of 15960562 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $6.50 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 3.00. 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.

UBS have made an estimate for ContextLogic Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 02, 2021. The new note on the price target was released on October 04, 2021, representing the official price target for ContextLogic Inc. stock. Previously, the target price had yet another drop from $12 to $8, while Stifel kept a Hold rating on WISH stock. On August 13, 2021, analysts decreased their price target for WISH shares from 20 to 15.

The Average True Range (ATR) for ContextLogic Inc. is set at 0.28, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 1.92.

How has WISH stock performed recently?

ContextLogic Inc. [WISH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.25. With this latest performance, WISH shares dropped by -26.98% in over the last four-week period, additionally sinking by -74.70% over the last 6 months – not to mention a drop of -86.44% in the past year of trading.

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 34.59, with the RSI for the last a single of trading hit 32.98, and the three-weeks RSI is set at 35.57 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 3.98, while it was recorded at 2.91 for the last single week of trading, and 8.18 for the last 200 days.

ContextLogic Inc. [WISH]: Deeper insight into the 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 2.50 and a Current Ratio set at 2.50.

Earnings analysis for ContextLogic Inc. [WISH]

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 56.00%.

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Insider trade positions for ContextLogic Inc. [WISH]

There are presently around $513 million, or 51.10% of WISH stock, in the hands of institutional investors. The top three institutional holders of WISH stocks are: FORMATION8 GP, LLC with ownership of 46,705,077, which is approximately -26.317% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 36,260,773 shares of the stock with an approximate value of $100.08 million in WISH stocks shares; and GENERAL ATLANTIC, L.P., currently with $46.61 million in WISH stock with ownership of nearly 0% of the company’s market capitalization.

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 95 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 67,897,418 shares. Additionally, 89 investors decreased positions by around 49,722,630 shares, while 23 investors held positions by with 68,428,425 shares. The mentioned changes placed institutional holdings at 186,048,473 shares, according to the latest SEC report filing. WISH stock had 46 new institutional investments in for a total of 12,848,515 shares, while 51 institutional investors sold positions of 20,131,832 shares during the same period.