A share price of ContextLogic Inc [LOGC] is currently trading at $5.67, up 3.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The LOGC shares have gain 5.78% over the last week, with a monthly amount glided 9.04%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ContextLogic Inc [NASDAQ: LOGC] 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.
ContextLogic Inc experienced fluctuations in its stock price throughout the past year between $3.55 and $6.95. ContextLogic Inc [NASDAQ: LOGC] shares were valued at $5.67 at the most recent close of the market.
Analyzing the LOGC fundamentals
Trailing Twelve Months sales for ContextLogic Inc [NASDAQ:LOGC] were 151.00M which represents -92.11% decline. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -1.44%, Pretax Profit Margin comes in at -1.36%, and Net Profit Margin reading is -1.41%. To continue investigating profitability, this company’s Return on Assets is posted at -1.38, Equity is -1.09 and Total Capital is -1.45.
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 5.49 points at the first support level, and at 5.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.81, and for the 2nd resistance point, it is at 5.95.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ContextLogic Inc [NASDAQ:LOGC] is 31.80. On the other hand, the Quick Ratio is 31.80, and the Cash Ratio is 20.6. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 0.97.
Transactions by insiders
Recent insider trading involved Just Brett, Chief Financial Officer, that happened on May 16 ’24 when 4369.0 shares were sold. General Counsel & CCO, Forster Joanna completed a deal on May 02 ’24 to sell 16394.0 shares. Meanwhile, General Counsel & CCO Forster Joanna sold 9954.0 shares on May 03 ’24.
