ContextLogic Inc (NASDAQ: WISH) closed the day trading at $4.85 down -3.00% from the previous closing price of $5.00. On the day, 956401 shares were traded.
Ratios:
For a better understanding of WISH, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.09 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 Mar 15 ’24 when Monico Mauricio sold 55,035 shares for $6.10 per share. The transaction valued at 335,901 led to the insider holds 0 shares of the business.
Just Brett sold 7,999 shares of WISH for $50,445 on Mar 12 ’24. The SVP, Finance now owns 6,859 shares after completing the transaction at $6.31 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.54.
Stock Price History:
Over the past 52 weeks, WISH has reached a high of $10.30, while it has fallen to a 52-week low of $3.55.
Shares Statistics:
A total of 24.23M shares are outstanding, with a floating share count of 20.73M. Insiders hold about 15.05% of the company’s shares, while institutions hold 36.37% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Themes Generative Artificial In analysts. The consensus estimate for the next quarter is $4.85, with high estimates of $24.54 and low estimates of $1.75.
Analysts are recommending an EPS of between $Financial Services and $Technology for the fiscal current year, implying an average EPS of $Consumer Cyclical.
