Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, ContextLogic Inc (NASDAQ: LOGC) closed at $6.95 down -15.24% from its previous closing price of $8.20. In other words, the price has decreased by -$15.24 from its previous closing price. On the day, 6.03 million shares were traded.
Ratios:
For a deeper understanding of ContextLogic Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 74.33 and its Current Ratio is at 74.33. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 23 ’24 when Forster Joanna bought 59,520 shares for $6.10 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 30.91 while its Price-to-Book (P/B) ratio in mrq is 1.26.
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 $4.92. The 50-Day Moving Average of the stock is -3.84%, while the 200-Day Moving Average is calculated to be 2.18%.
Shares Statistics:
A total of 26.31M shares are outstanding, with a floating share count of 23.77M. Insiders hold about 10.93% of the company’s shares, while institutions hold 49.26% stake in the company.
