ContextLogic Inc. [WISH] Stock trading around $0.76 per share: What’s Next?

ContextLogic Inc. [NASDAQ: WISH] gained 6.21% on the last trading session, reaching $0.76 price per share at the time. The company report on December 1, 2022 that Wish Gifting Survey Reveals Majority Have Mastered the Forced Smile in Response to Bad Gifts.

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Political Items, Weight Loss Gifts and Last-Minute Purchases Amongst Worst Gifts to Receive; Majority Believe They Are Good Gift-Givers.

ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) today released findings from its global survey on holiday gifting and found that, while a majority of people have received terrible gifts in the past, most feel they are not guilty of bad gift giving themselves. The global survey explored consumer insights on giving and receiving gifts, along with consumers’ reactions when presented with a bad one.

ContextLogic Inc. represents 673.00 million in outstanding shares, while the company has a total market value of $481.28 million with the latest information. WISH stock price has been found in the range of $0.68 to $0.7677.

If compared to the average trading volume of 19.75M shares, WISH reached a trading volume of 27923903 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $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 0.65. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 1.31.

Trading performance analysis for WISH stock

ContextLogic Inc. [WISH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.10. With this latest performance, WISH shares gained by 7.56% in over the last four-week period, additionally sinking by -57.79% over the last 6 months – not to mention a drop of -77.51% 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 52.65, with the RSI for the last a single of trading hit 57.53, and the three-weeks RSI is set at 49.06 for ContextLogic Inc. [WISH]. The present Moving Average for the last 50 days of trading for this stock 0.7519, while it was recorded at 0.7011 for the last single week of trading, and 1.4872 for the last 200 days.

ContextLogic Inc. [WISH]: A deeper dive into fundamental analysis

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.

ContextLogic Inc. [WISH]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at ContextLogic Inc. [WISH]

There are presently around $176 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 $30.42 million in WISH stocks shares; and GGV CAPITAL LLC, currently with $19.41 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.


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