The stock of ContextLogic Inc. (WISH) has seen a -13.98% decrease in the past week, with a -0.55% drop in the past month, and a -52.95% decrease in the past quarter. The volatility ratio for the week is 6.94%, and the volatility levels for the past 30 days are at 8.11% for WISH. The simple moving average for the past 20 days is -6.19% for WISH’s stock, with a -64.61% simple moving average for the past 200 days.
Is It Worth Investing in ContextLogic Inc. (NASDAQ: WISH) Right Now?
There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 2 rating it as “sell.”
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The average price estimated by analysts for WISH is $8.56, which is $1.36 above than the current price. The public float for WISH is 21.91M, and at present, short sellers hold a 11.68% of that float. The average trading volume of WISH on May 26, 2023 was 1.40M shares.
WISH) stock’s latest price update
The stock of ContextLogic Inc. (NASDAQ: WISH) has decreased by -7.34 when compared to last closing price of 7.77.Despite this, the company has seen a loss of -13.98% in its stock price over the last five trading days.
WISH Trading at -22.45% 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 -88.68% of loss for the given period.
Volatility was left at 8.11%, however, over the last 30 days, the volatility rate increased by 6.94%, as shares sank -2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.30% lower at present.
During the last 5 trading sessions, WISH fell by -13.98%, which changed the moving average for the period of 200-days by -85.71% in comparison to the 20-day moving average, which settled at $7.66. In addition, ContextLogic Inc. saw -50.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WISH starting from Liu Ying Vivian, who sale 340,000 shares at the price of $0.46 back on Mar 08. After this action, Liu Ying Vivian now owns 793,423 shares of ContextLogic Inc., valued at $156,400 using the latest closing price.
Wang Shuyan (Rachel), the Head of Data Science of ContextLogic Inc., sale 20,337 shares at $0.48 during a trade that took place back on Mar 08, which means that Wang Shuyan (Rachel) is holding 0 shares at $9,721 based on the most recent closing price.
Stock Fundamentals for WISH
Current profitability levels for the company are sitting at:
- -62.91 for the present operating margin
- +29.81 for the gross margin
The net margin for ContextLogic Inc. stands at -66.55. The total capital return value is set at -54.18, while invested capital returns managed to touch -58.01. Equity return is now at value -77.10, with -48.10 for asset returns.
Based on ContextLogic Inc. (WISH), the company’s capital structure generated 4.19 points at debt to equity in total, while total debt to capital is 4.02. Total debt to assets is 2.50, with long-term debt to equity ratio resting at 2.73. Finally, the long-term debt to capital ratio is 2.62.
When we switch over and look at the enterprise to sales, we see a ratio of -1.08, with the company’s debt to enterprise value settled at -0.05. The receivables turnover for the company is 37.23 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.51.
Conclusion
In summary, ContextLogic Inc. (WISH) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
