ContextLogic Inc. (NASDAQ:WISH) went down by -3.68% from its latest closing price compared to the recent 1-year high of $24.75. The company’s stock price has collected 1.92% of gains in the last five trading sessions. Barron’s reported 7 hours ago that ContextLogic Stock Slides Further as 11 Analysts Begin Coverage
Is It Worth Investing in ContextLogic Inc. (NASDAQ :WISH) Right Now?
Opinions of the stock are interesting as 7 analysts out of 10 who provided ratings for ContextLogic Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.22. WISH currently public float of 339.21M. Today, the average trading volume of WISH was 11.82M shares.
WISH’s Market Performance
The simple moving average for the period of the last 20 days is -4.18% for WISH stocks with a simple moving average of -4.18% for the last 200 days.
Analysts’ Opinion of WISH
UBS, on the other hand, stated in their research note that they expect to see WISH reach a price target of $28. The rating they have provided for WISH stocks is “Buy” according to the report published on January 11th, 2021.
Stifel gave a rating of “Hold” to WISH, setting the target price at $22 in the report published on January 11th of the current year.
WISH Trading at -4.18% from the 50-Day Moving Average
After a stumble in the market that brought WISH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.77% of loss for the given period.
During the last 5 trading sessions, WISH rose by +1.92%. In addition, ContextLogic Inc. saw 7.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WISH
Current profitability levels for the company are sitting at:
- -7.57 for the present operating margin
- +76.70 for the gross margin
The net margin for ContextLogic Inc. stands at -6.79. The total capital return value is set at -126.32, while invested capital returns managed to touch -113.16.
Based on ContextLogic Inc. (WISH), the company’s capital structure generated 43.30 points at debt to equity in total, while total debt to capital is 30.22.
The receivables turnover for the company is 20.22 and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.