Market cap of ContextLogic Inc. [WISH] reaches 1.13B – now what?

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ContextLogic Inc. [NASDAQ: WISH] price plunged by -5.29 percent to reach at -$0.09. The company report on May 5, 2022 that Wish Reports First-Quarter 2022 Financial Results.

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ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter ended March 31, 2022.

A sum of 13824990 shares traded at recent session while its average daily volume was at 18.66M shares. ContextLogic Inc. shares reached a high of $1.71 and dropped to a low of $1.55 until finishing in the latest session at $1.61.

The one-year WISH stock forecast points to a potential upside of 46.69. The average equity rating for WISH stock is currently 3.00, 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 $3.02 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.

Loop Capital have made an estimate for ContextLogic Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 22, 2022. The new note on the price target was released on December 02, 2021, representing the official price target for ContextLogic Inc. stock. Previously, the target price had yet another raise to $4, while Oppenheimer analysts kept a Underperform rating on WISH stock. On August 13, 2021, analysts decreased their price target for WISH shares from 12 to 8.

The Average True Range (ATR) for ContextLogic Inc. is set at 0.16, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 1.46.

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 -5.29. With this latest performance, WISH shares dropped by -27.15% in over the last four-week period, additionally sinking by -68.24% over the last 6 months – not to mention a drop of -87.23% 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 38.03, with the RSI for the last a single of trading hit 35.52, and the three-weeks RSI is set at 39.89 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 2.0534, while it was recorded at 1.7460 for the last single week of trading, and 4.2504 for the last 200 days.

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 -18.57 and a Gross Margin at +52.64. ContextLogic Inc.’s Net Margin is presently recorded at -17.50.

Return on Equity for this stock declined to -39.13, with Return on Assets sitting at -19.62.

ContextLogic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.

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 0.90%.

ContextLogic Inc. [WISH] Insider Position Details

There are presently around $360 million, or 37.00% 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 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 37,742,834 shares of the stock with an approximate value of $60.77 million in WISH stocks shares; and GGV CAPITAL LLC, currently with $57.9 million in WISH stock with ownership of nearly New of the company’s market capitalization.

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 98 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 61,791,508 shares. Additionally, 70 investors decreased positions by around 29,949,623 shares, while 33 investors held positions by with 131,822,506 shares. The mentioned changes placed institutional holdings at 223,563,637 shares, according to the latest SEC report filing. WISH stock had 47 new institutional investments in for a total of 44,993,874 shares, while 36 institutional investors sold positions of 3,292,210 shares during the same period.