Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, ContextLogic Inc (NASDAQ: WISH) closed at $5.38 down -1.82% from its previous closing price of $5.48. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 2.05 million shares were traded. WISH stock price reached its highest trading level at $5.6099 during the session, while it also had its lowest trading level at $5.22.
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 2.09 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:
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 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 132003256 and an Enterprise Value of -237738880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.60. Its current Enterprise Value per Revenue stands at -0.828 whereas that against EBITDA is 0.767.
Stock Price History:
Over the past 52 weeks, WISH 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 -8.15%, while the 200-Day Moving Average is calculated to be -0.53%.
Shares Statistics:
For the past three months, WISH has traded an average of 1.16M shares per day and 828350 over the past ten days. A total of 24.23M shares are outstanding, with a floating share count of 20.69M. Insiders hold about 15.52% of the company’s shares, while institutions hold 36.57% stake in the company. Shares short for WISH as of 1713139200 were 3818719 with a Short Ratio of 3.29, compared to 1710460800 on 2954049. Therefore, it implies a Short% of Shares Outstanding of 3818719 and a Short% of Float of 15.75.
