ContextLogic Inc (NASDAQ: WISH) has seen a rise in its stock price by 15.73 in relation to its previous close of 4.96. However, the company has experienced a 11.03% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-27 that A few months ago most consumers and investors were expecting rate cuts perhaps as early as February or March. Today, it looks like June is the more likely scenario.
Is It Worth Investing in ContextLogic Inc (NASDAQ: WISH) Right Now?
Company’s 36-month beta value is 2.15.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WISH is 20.73M, and currently, short sellers hold a 16.62% ratio of that floaft. The average trading volume of WISH on April 19, 2024 was 1.06M shares.
WISH’s Market Performance
WISH’s stock has seen a 11.03% increase for the week, with a 1.77% rise in the past month and a 31.95% gain in the past quarter. The volatility ratio for the week is 8.99%, and the volatility levels for the past 30 days are at 4.80% for ContextLogic Inc The simple moving average for the past 20 days is 4.86% for WISH’s stock, with a 3.86% simple moving average for the past 200 days.
Analysts’ Opinion of WISH
Many brokerage firms have already submitted their reports for WISH stocks, with Citigroup repeating the rating for WISH by listing it as a “Neutral.” The predicted price for WISH in the upcoming period, according to Citigroup is $5.50 based on the research report published on November 09, 2023 of the previous year 2023.
Loop Capital, on the other hand, stated in their research note that they expect to see WISH reach a price target of $4, previously predicting the price at $6. The rating they have provided for WISH stocks is “Hold” according to the report published on November 08th, 2023.
Loop Capital gave a rating of “Sell” to WISH, setting the target price at $6 in the report published on June 29th of the previous year.
WISH Trading at -2.32% 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 -44.27% of loss for the given period.
Volatility was left at 4.80%, however, over the last 30 days, the volatility rate increased by 8.99%, as shares sank -0.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.15% upper at present.
During the last 5 trading sessions, WISH rose by +11.03%, which changed the moving average for the period of 200-days by -15.21% in comparison to the 20-day moving average, which settled at $5.47. In addition, ContextLogic Inc saw -3.53% 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 Monico Mauricio, who sale 55,035 shares at the price of $6.10 back on Mar 15 ’24. After this action, Monico Mauricio now owns 0 shares of ContextLogic Inc, valued at $335,901 using the latest closing price.
Just Brett, the SVP, Finance of ContextLogic Inc, sale 7,999 shares at $6.31 during a trade that took place back on Mar 12 ’24, which means that Just Brett is holding 6,859 shares at $50,445 based on the most recent closing price.
Stock Fundamentals for WISH
Current profitability levels for the company are sitting at:
- -1.15 for the present operating margin
- 0.2 for the gross margin
The net margin for ContextLogic Inc stands at -1.09. The total capital return value is set at -1.44. Equity return is now at value -91.35, with -51.88 for asset returns.
Based on ContextLogic Inc (WISH), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -26.23. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 82.0.
Currently, EBITDA for the company is -304.0 million with net debt to EBITDA at 0.69. When we switch over and look at the enterprise to sales, we see a ratio of -0.3. The receivables turnover for the company is 40.86for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.
Conclusion
In a nutshell, ContextLogic Inc (WISH) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
