The closing price of ContextLogic Inc (NASDAQ: WISH) was $5.64 for the day, down -5.53% from the previous closing price of $5.97. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 973476 shares were traded.
Ratios:
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 2.09 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:
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 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WISH now has a Market Capitalization of 145.66M and an Enterprise Value of -230.34M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at -0.80 whereas that against EBITDA is 0.71.
Stock Price History:
Over the past 52 weeks, WISH has reached a high of $13.46, while it has fallen to a 52-week low of $3.55. The 50-Day Moving Average of the stock is 5.48, while the 200-Day Moving Average is calculated to be 5.72.
Shares Statistics:
WISH traded an average of 1.02M shares per day over the past three months and 755.98k shares per day over the past ten days. A total of 24.23M shares are outstanding, with a floating share count of 20.61M. Insiders hold about 15.52% of the company’s shares, while institutions hold 36.26% stake in the company. Shares short for WISH as of Feb 29, 2024 were 2.22M with a Short Ratio of 2.17, compared to 3.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.11% and a Short% of Float of 9.65%.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of -$1.58 for the current quarter, with a high estimate of -$1.58 and a low estimate of -$1.58, while EPS last year was -$3.83. The consensus estimate for the next quarter is -$1.61, with high estimates of -$1.61 and low estimates of -$1.61.
Analysts are recommending an EPS of between -$6.25 and -$6.25 for the fiscal current year, implying an average EPS of -$6.25. EPS for the following year is -$5.16, with 1 analysts recommending between -$5.16 and -$5.16.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $56M to a low estimate of $56M. As of the current estimate, ContextLogic Inc’s year-ago sales were $115.88M, an estimated decrease of -51.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $53.05M, a decrease of -32.00% over than the figure of -$51.70% in the same quarter last year. There is a high estimate of $53.05M for the next quarter, whereas the lowest estimate is $53.05M.
A total of 1 analysts have provided revenue estimates for WISH’s current fiscal year. The highest revenue estimate was $212.8M, while the lowest revenue estimate was $212.8M, resulting in an average revenue estimate of $212.8M. In the same quarter a year ago, actual revenue was $287M, down -25.90% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $224.85M in the next fiscal year. The high estimate is $224.85M and the low estimate is $224.85M. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
