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ContextLogic Inc (NASDAQ: LOGC) closed the day trading at $5.40 down -5.10% from the previous closing price of $5.69. In other words, the price has decreased by -$5.10 from its previous closing price. On the day, 1.06 million shares were traded. LOGC stock price reached its highest trading level at $5.735 during the session, while it also had its lowest trading level at $5.34.
Ratios:
For a better understanding of LOGC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 May 16 ’24 when Just Brett sold 4,369 shares for $5.64 per share. The transaction valued at 24,642 led to the insider holds 16,701 shares of the business.
Forster Joanna sold 9,954 shares of LOGC for $53,493 on May 03 ’24. The General Counsel & CCO now owns 29,092 shares after completing the transaction at $5.37 per share. On May 03 ’24, another insider, Just Brett, who serves as the Chief Financial Officer of the company, sold 5,720 shares for $5.41 each. As a result, the insider received 30,962 and left with 12,450 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, LOGC now has a Market Capitalization of 134350384 and an Enterprise Value of -154638816. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at -0.681 whereas that against EBITDA is 0.573.
Stock Price History:
Over the past 52 weeks, LOGC has reached a high of $9.90, while it has fallen to a 52-week low of $3.55. The 50-Day Moving Average of the stock is -4.13%, while the 200-Day Moving Average is calculated to be 0.25%.
Shares Statistics:
Over the past 3-months, LOGC traded about 464.90K shares per day on average, while over the past 10 days, LOGC traded about 297850 shares per day. A total of 24.23M shares are outstanding, with a floating share count of 20.32M. Insiders hold about 17.03% of the company’s shares, while institutions hold 39.47% stake in the company. Shares short for LOGC as of 1721001600 were 3669580 with a Short Ratio of 7.89, compared to 1718323200 on 4406326. Therefore, it implies a Short% of Shares Outstanding of 3669580 and a Short% of Float of 15.379999999999999.
