In the latest session, ContextLogic Inc (NASDAQ: WISH) closed at $6.62 up 1.38% from its previous closing price of $6.53. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 691532 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 2.29 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.05 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:
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 Mar 08 when Liu Ying Vivian sold 340,000 shares for $0.46 per share. The transaction valued at 156,400 led to the insider holds 793,423 shares of the business.
Wang Shuyan (Rachel) sold 20,337 shares of WISH for $9,721 on Mar 08. The Head of Data Science now owns 0 shares after completing the transaction at $0.48 per share. On Mar 02, another insider, Jain Tarun Kumar, who serves as the Former Chief Product Officer of the company, sold 88,000 shares for $0.46 each. As a result, the insider received 40,058 and left with 90,622 shares of the company.
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 160.40M and an Enterprise Value of -277.60M. 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 -0.78 whereas that against EBITDA is 0.75.
Stock Price History:
Over the past 52 weeks, WISH has reached a high of $19.51, while it has fallen to a 52-week low of $3.55. The 50-Day Moving Average of the stock is 5.28, while the 200-Day Moving Average is calculated to be 5.83.
Shares Statistics:
For the past three months, WISH has traded an average of 1.06M shares per day and 2.99M over the past ten days. A total of 24.01M shares are outstanding, with a floating share count of 20.25M. Insiders hold about 15.66% of the company’s shares, while institutions hold 36.71% stake in the company. Shares short for WISH as of Jan 31, 2024 were 3.17M with a Short Ratio of 3.00, compared to 3.17M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 13.20% and a Short% of Float of 14.00%.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$2.66 for the current quarter, with a high estimate of -$2.66 and a low estimate of -$2.66, while EPS last year was -$4.8. The consensus estimate for the next quarter is -$1.58, with high estimates of -$1.58 and low estimates of -$1.58.
Analysts are recommending an EPS of between -$13.16 and -$13.16 for the fiscal current year, implying an average EPS of -$13.16. EPS for the following year is -$6.25, with 1 analysts recommending between -$6.25 and -$6.25.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $53.06M this quarter.It ranges from a high estimate of $53.06M to a low estimate of $53.06M. As of the current estimate, ContextLogic Inc’s year-ago sales were $123M, an estimated decrease of -56.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $56M, a decrease of -51.70% over than the figure of -$56.90% in the same quarter last year. There is a high estimate of $56M for the next quarter, whereas the lowest estimate is $56M.
A total of 1 analysts have provided revenue estimates for WISH’s current fiscal year. The highest revenue estimate was $287.06M, while the lowest revenue estimate was $287.06M, resulting in an average revenue estimate of $287.06M. In the same quarter a year ago, actual revenue was $571M, down -49.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $212.8M in the next fiscal year. The high estimate is $212.8M and the low estimate is $212.8M. The average revenue growth estimate for next year is down -25.90% from the average revenue estimate for this year.
