ContextLogic Inc. (WISH) stock is nearly perfect except the valuation

ContextLogic Inc. (NASDAQ: WISH) closed the day trading at $0.69 up 2.80% from the previous closing price of $0.67. In other words, the price has increased by $+0.0188 from its previous closing price. On the day, 19065869 shares were traded. WISH stock price reached its highest trading level at $0.6969 during the session, while it also had its lowest trading level at $0.6555.

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Ratios:

For a better understanding of WISH, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 2.70. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Loop Capital on March 22, 2022, Downgraded its rating to Hold and sets its target price to $2 from $4 previously.

On December 02, 2021, UBS Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $4.

Oppenheimer Downgraded its Perform to Underperform on October 04, 2021, while the target price for the stock was maintained at $4.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 02 when Jain Tarun Kumar sold 88,000 shares for $0.74 per share. The transaction valued at 65,375 led to the insider holds 94,729 shares of the business.

Szulczewski Piotr sold 2,726,819 shares of WISH for $1,969,309 on Oct 28. The 10% Owner now owns 26,730,644 shares after completing the transaction at $0.72 per share. On Oct 27, another insider, Szulczewski Piotr, who serves as the 10% Owner of the company, sold 2,041,160 shares for $0.76 each. As a result, the insider received 1,550,669 and left with 29,457,463 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.81.

Stock Price History:

Over the past 52 weeks, WISH has reached a high of $4.49, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is 0.8133, while the 200-Day Moving Average is calculated to be 1.5640.

Shares Statistics:

Over the past 3-months, WISH traded about 18.25M shares per day on average, while over the past 10 days, WISH traded about 20.18M shares per day. A total of 673.00M shares are outstanding, with a floating share count of 582.66M. Insiders hold about 4.30% of the company’s shares, while institutions hold 46.80% stake in the company. Shares short for WISH as of Oct 13, 2022 were 51.25M with a Short Ratio of 49.70M, compared to 51.5M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.65% and a Short% of Float of 8.92%.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.23, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.18 and low estimates of -$0.28.

Analysts are recommending an EPS of between -$0.57 and -$0.72 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.64, with 5 analysts recommending between -$0.45 and -$1.16.

Revenue Estimates

A total of 5 analysts have provided revenue estimates for WISH’s current fiscal year. The highest revenue estimate was $838.7M, while the lowest revenue estimate was $629M, resulting in an average revenue estimate of $716.27M. In the same quarter a year ago, actual revenue was $2.08B, down -65.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.23B in the next fiscal year. The high estimate is $1.71B and the low estimate is $769M. The average revenue growth estimate for next year is up 72.00% from the average revenue estimate for this year.