Loop Capital lifts ContextLogic Inc. [WISH] price estimate. Who else is bullish?

ContextLogic Inc. [NASDAQ: WISH] stock went on a downward path that fall over -2.45% on Friday, amounting to a one-week price decrease of less than -5.82%. The company report on November 9, 2022 that Wish Reports Third-Quarter 2022 Financial Results.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter ended September 30, 2022.

Over the last 12 months, WISH stock dropped by -82.87%. The one-year ContextLogic Inc. stock forecast points to a potential upside of 66.0. The average equity rating for WISH stock is currently 3.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $449.17 million, with 673.00 million shares outstanding and 582.66 million shares in the current float. Compared to the average trading volume of 18.71M shares, WISH stock reached a trading volume of 7220727 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $2.00 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 3.20. 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 0.07, with the Price to Sales ratio for WISH stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 1.27.

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 -5.82. With this latest performance, WISH shares dropped by -11.63% in over the last four-week period, additionally sinking by -58.28% over the last 6 months – not to mention a drop of -82.87% 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 43.33, with the RSI for the last a single of trading hit 43.07, and the three-weeks RSI is set at 42.49 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 0.7759, while it was recorded at 0.6841 for the last single week of trading, and 1.5302 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 2.70 and a Current Ratio set at 2.70.


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 $159 million, or 46.80% of WISH stock, in the hands of institutional investors. The top three institutional holders of WISH stocks are: VANGUARD GROUP INC with ownership of 43,044,235, which is approximately -1.772% of the company’s market cap and around 4.40% of the total institutional ownership; BLACKROCK INC., holding 40,291,298 shares of the stock with an approximate value of $27.4 million in WISH stocks shares; and GGV CAPITAL LLC, currently with $17.48 million in WISH stock with ownership of nearly -16.63% of the company’s market capitalization.

Positions in ContextLogic Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 78 institutional holders increased their position in ContextLogic Inc. [NASDAQ:WISH] by around 21,294,020 shares. Additionally, 74 investors decreased positions by around 33,164,081 shares, while 57 investors held positions by with 178,980,752 shares. The mentioned changes placed institutional holdings at 233,438,853 shares, according to the latest SEC report filing. WISH stock had 23 new institutional investments in for a total of 2,428,335 shares, while 35 institutional investors sold positions of 20,771,785 shares during the same period.


Please enter your comment!
Please enter your name here