Timing, Fundamentals, and Diversification of ContextLogic Inc. (WISH)

The closing price of ContextLogic Inc. (NASDAQ: WISH) was $0.62 for the day, up 4.18% from the previous closing price of $0.60. In other words, the price has increased by $+0.0250 from its previous closing price. On the day, 13181363 shares were traded. WISH stock price reached its highest trading level at $0.6437 during the session, while it also had its lowest trading level at $0.5906.

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Our analysis of WISH’s different ratios will help us gain a deeper understanding of the company. 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 this company, Citigroup on December 13, 2022, initiated with a Sell rating and assigned the stock a target price of $0.50.

On March 22, 2022, Loop Capital Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $4 to $2.

UBS Downgraded its Buy to Neutral on December 02, 2021, while the target price for the stock was maintained at $4.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 03 when Jain Tarun Kumar sold 88,000 shares for $0.49 per share. The transaction valued at 43,384 led to the insider holds 76,629 shares of the business.

Jain Tarun Kumar sold 88,000 shares of WISH for $60,738 on Dec 02. The Chief Product Officer now owns 201,764 shares after completing the transaction at $0.69 per share. On Nov 02, another insider, Jain Tarun Kumar, who serves as the Chief Product Officer of the company, sold 88,000 shares for $0.74 each. As a result, the insider received 65,375 and left with 94,729 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.73.

Stock Price History:

Over the past 52 weeks, WISH has reached a high of $2.93, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is 0.6189, while the 200-Day Moving Average is calculated to be 1.2306.

Shares Statistics:

WISH traded an average of 19.80M shares per day over the past three months and 20.29M shares per day over the past ten days. A total of 673.00M shares are outstanding, with a floating share count of 582.35M. Insiders hold about 4.40% 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 51.47M, 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

The firm’s stock currently is rated by 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.