ContextLogic Inc. (NASDAQ:WISH) went up by 4.02% from its latest closing price compared to the recent 1-year high of $10.69. The company’s stock price has collected 22.54% of gains in the last five trading sessions. The Wall Street Journal reported on 08/13/21 that ContextLogic, Airbnb, Disney, DoorDash: What to Watch When the Stock Market Opens Today
Is It Worth Investing in ContextLogic Inc. (NASDAQ :WISH) Right Now?
The average price from analysts is $3.21, which is $1.16 above the current price. WISH currently public float of 528.65M and currently shorts hold a 11.02% ratio of that float. Today, the average trading volume of WISH was 13.81M shares.
WISH’s Market Performance
WISH stocks went up by 22.54% for the week, with a monthly jump of 6.75% and a quarterly performance of -7.94%, while its annual performance rate touched -81.89%. The volatility ratio for the week stands at 8.22% while the volatility levels for the past 30 days are set at 7.61% for ContextLogic Inc. The simple moving average for the period of the last 20 days is 16.77% for WISH stocks with a simple moving average of -30.09% for the last 200 days.
Analysts’ Opinion of WISH
Many brokerage firms have already submitted their reports for WISH stocks, with Loop Capital repeating the rating for WISH by listing it as a “Hold.” The predicted price for WISH in the upcoming period, according to Loop Capital is $2 based on the research report published on March 22nd of the current year 2022.
UBS, on the other hand, stated in their research note that they expect to see WISH reach a price target of $4. The rating they have provided for WISH stocks is “Neutral” according to the report published on December 02nd, 2021.
Oppenheimer gave a rating of “Underperform” to WISH, setting the target price at $4 in the report published on October 04th of the previous year.
WISH Trading at 7.27% 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 -83.07% of loss for the given period.
Volatility was left at 7.61%, however, over the last 30 days, the volatility rate increased by 8.22%, as shares surge +9.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.09% upper at present.
During the last 5 trading sessions, WISH rose by +18.67%, which changed the moving average for the period of 200-days by -66.54% in comparison to the 20-day moving average, which settled at $1.5575. In addition, ContextLogic Inc. saw -44.05% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at WISH starting from Liu Pai, who sale 95,289 shares at the price of $1.68 back on Jun 16. After this action, Liu Pai now owns 2,478 shares of ContextLogic Inc., valued at $160,095 using the latest closing price.
Liu Pai, the Chief Data Officer of ContextLogic Inc., sale 90,000 shares at $2.00 during a trade that took place back on Jun 06, which means that Liu Pai is holding 95,289 shares at $180,018 based on the most recent closing price.
Stock Fundamentals for WISH
Equity return is now at value -35.90, with -21.20 for asset returns.