After finishing at $5.48 in the prior trading day, ContextLogic Inc (NASDAQ: WISH) closed at $5.17, down -5.66%. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 798349 shares were traded.
Ratios:
Our goal is to gain a better understanding of WISH by taking a closer 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:
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 133.70M and an Enterprise Value of -242.30M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at -0.84 whereas that against EBITDA is 0.75.
Stock Price History:
Over the past 52 weeks, WISH has reached a high of $12.90, while it has fallen to a 52-week low of $3.55. The 50-Day Moving Average of the stock is 5.82, while the 200-Day Moving Average is calculated to be 5.57.
Shares Statistics:
The stock has traded on average 1.04M shares per day over the past 3-months and 763.61k shares per day over the last 10 days, according to various share 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 36.27% stake in the company. Shares short for WISH as of Mar 28, 2024 were 3.44M with a Short Ratio of 3.33, compared to 2.22M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.12% and a Short% of Float of 14.21%.
Earnings Estimates
Its stock is currently analyzed by 1 different market 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
1 analysts predict $56M in revenue for the current quarter. 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.
