In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $6.84 in the prior trading day, ContextLogic Inc (NASDAQ: LOGC) closed at $7.02, up 2.63%. In other words, the price has increased by $2.63 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
Our goal is to gain a better understanding of LOGC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 31.60 and its Current Ratio is at 31.60. 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, Citigroup on November 09, 2023, Upgraded its rating to Neutral and sets its target price to $5.50 from $5 previously.
On November 08, 2023, Loop Capital Upgraded its rating to Hold which previously was Sell and also lowered its target price recommendation from $6 to $4.
Loop Capital Downgraded its Hold to Sell on June 29, 2023, whereas the target price for the stock was revised from $7 to $6.
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 Oct 23 ’24 when Forster Joanna bought 59,520 shares for $6.10 per share.
Just Brett sold 4,369 shares of LOGC for $24,642 on May 16 ’24. The Chief Financial Officer now owns 16,701 shares after completing the transaction at $5.64 per share. On May 02 ’24, another insider, Forster Joanna, who serves as the General Counsel & CCO of the company, sold 16,394 shares for $5.45 each. As a result, the insider received 89,331 and left with 39,046 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 1.21.
Stock Price History:
Over the past 52 weeks, LOGC has reached a high of $9.34, while it has fallen to a 52-week low of $4.68. The 50-Day Moving Average of the stock is -5.60%, while the 200-Day Moving Average is calculated to be 10.96%.
Shares Statistics:
A total of 26.29M shares are outstanding, with a floating share count of 23.50M. Insiders hold about 10.61% of the company’s shares, while institutions hold 42.15% stake in the company.
