At the time of writing, ContextLogic Inc [WISH] stock is trading at $5.86, up 0.34%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WISH shares have gain 20.82% over the last week, with a monthly amount glided 4.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ContextLogic Inc [NASDAQ: WISH] stock has seen the most recent analyst activity on November 09, 2023, when Citigroup upgraded its rating to a Neutral and also boosted its price target to $5.50 from $5. Previously, Loop Capital upgraded its rating to Hold on November 08, 2023, and dropped its price target to $4. On June 29, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $6 on the stock. Citigroup started tracking the stock assigning a Sell rating and suggested a price target of $0.50 on December 13, 2022. Loop Capital downgraded its rating to a Hold and reduced its price target to $2 on March 22, 2022. UBS downgraded its rating to Neutral for this stock on December 02, 2021, but kept the price target unchanged to $4. In a note dated October 04, 2021, Oppenheimer downgraded an Underperform rating on this stock but restated the target price of $4.
For the past year, the stock price of ContextLogic Inc fluctuated between $3.55 and $10.30. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. ContextLogic Inc [NASDAQ: WISH] shares were valued at $5.86 at the most recent close of the market. An investor can expect a potential drop of -65.87% based on the average WISH price forecast.
Analyzing the WISH fundamentals
According to ContextLogic Inc [NASDAQ:WISH], the company’s sales were 282.00M for trailing twelve months, which represents an -58.40% plunge. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -1.15%, Pretax Profit Margin comes in at -1.09%, and Net Profit Margin reading is -1.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.74, Equity is -1.01 and Total Capital is -1.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.76 points at the first support level, and at 5.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.94, and for the 2nd resistance point, it is at 6.01.
Ratios To Look Out For
It is important to note that ContextLogic Inc [NASDAQ:WISH] has a current ratio of 2.09. In addition, the Quick Ratio stands at 2.09 and the Cash Ratio stands at 1.21. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 0.65.
Transactions by insiders
Recent insider trading involved Monico Mauricio, Chief Product Officer, that happened on Mar 15 ’24 when 55035.0 shares were sold. SVP, Finance, Just Brett completed a deal on Mar 12 ’24 to sell 7999.0 shares.
