ContextLogic Inc [NASDAQ: LOGC] gained 0.15% or 0.01 points to close at $6.74 with a heavy trading volume of 184088 shares.
The daily chart for LOGC points out that the company has recorded 14.43% gains over the past six months.
If we look at the average trading volume of 327.58K shares, LOGC reached to a volume of 184088 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 [LOGC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LOGC shares is $5.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LOGC 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.
Citigroup have made an estimate for ContextLogic Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 09, 2023. While these analysts kept the previous recommendation, Loop Capital dropped their target price from $6 to $4. The new note on the price target was released on November 08, 2023, representing the official price target for ContextLogic Inc stock. Previously, the target price had yet another drop from $7 to $6, while Loop Capital kept a Sell rating on LOGC stock.
The Average True Range (ATR) for ContextLogic Inc is set at 0.39, with the Price to Sales ratio for LOGC stock in the period of the last 12 months amounting to 4.12. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 5.93.
Trading performance analysis for LOGC stock
ContextLogic Inc [LOGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.30. With this latest performance, LOGC shares dropped by -10.13% in over the last four-week period, additionally plugging by 14.43% over the last 6 months – not to mention a rise of 33.20% 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 LOGC stock in for the last two-week period is set at 44.70, with the RSI for the last a single of trading hit 45.93, and the three-weeks RSI is set at 44.98 for ContextLogic Inc [LOGC]. The present Moving Average for the last 50 days of trading for this stock 7.41, while it was recorded at 6.71 for the last single week of trading, and 6.54 for the last 200 days.
ContextLogic Inc [LOGC]: A deeper dive into fundamental analysis
ContextLogic Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 31.20 and a Current Ratio set at 31.20.
ContextLogic Inc [LOGC]: 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 LOGC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ContextLogic Inc go to 51.63%.
An analysis of Institutional ownership at ContextLogic Inc [LOGC]
There are presently around $53.41%, or 55.47%% of LOGC stock, in the hands of institutional investors. The top three institutional holders of LOGC stocks are: J. GOLDMAN & CO LP with ownership of 1.03 million shares, which is approximately 3.9931%. SCHONFELD STRATEGIC ADVISORS LLC, holding 0.93 million shares of the stock with an approximate value of $$5.33 million in LOGC stocks shares; and SCHONFELD STRATEGIC ADVISORS LLC, currently with $$4.89 million in LOGC stock with ownership which is approximately 3.3139%.
