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Saudi Aramco's profits already $88B as oil prices stay high
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Boredom, loneliness plague Ukrainian youth near front line
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Boredom, loneliness plague Ukrainian youth near front line
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Boredom, loneliness plague Ukrainian youth near front line
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Saudi Aramco's profits already $88B as oil prices stay high
Here's Bill Bonner's "4th and Final Prediction" (Ad)
NASDAQ:WISH

ContextLogic - WISH Stock Forecast, Price & News

$1.69
+0.03 (+1.81%)
(As of 08/12/2022 09:15 PM ET)
Add
Compare
Today's Range
$1.62
$1.72
50-Day Range
$1.38
$2.06
52-Week Range
$1.20
$7.86
Volume
10.96 million shs
Average Volume
17.15 million shs
Market Capitalization
$1.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.97

ContextLogic MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
184.9% Upside
$4.81 Price Target
Short Interest
Bearish
11.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of ContextLogic in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$3.38 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.64) to ($0.47) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Retail/Wholesale Sector

168th out of 224 stocks

Catalog & Mail - Order Houses Industry

24th out of 31 stocks

WISH stock logo

About ContextLogic (NASDAQ:WISH) Stock

ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group lowered their price objective on ContextLogic from $7.60 to $7.20 and set an "outperform" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.81.

ContextLogic Trading Up 1.8 %

NASDAQ:WISH traded up $0.03 on Friday, reaching $1.69. The stock had a trading volume of 10,957,447 shares, compared to its average volume of 10,339,990. The stock has a market cap of $1.12 billion, a P/E ratio of -4.12 and a beta of 0.29. The company has a 50-day moving average of $1.69 and a 200 day moving average of $1.91. ContextLogic has a 12-month low of $1.20 and a 12-month high of $7.86.

ContextLogic (NASDAQ:WISH - Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. The business had revenue of $134.00 million during the quarter, compared to the consensus estimate of $154.40 million. ContextLogic had a negative net margin of 27.75% and a negative return on equity of 23.48%. The company's revenue for the quarter was down 79.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) EPS. On average, equities analysts predict that ContextLogic will post -0.64 EPS for the current year.

Insider Buying and Selling at ContextLogic

In other ContextLogic news, General Counsel Devang Shah sold 332,241 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $1.67, for a total value of $554,842.47. Following the completion of the transaction, the general counsel now directly owns 208,016 shares in the company, valued at $347,386.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other ContextLogic news, General Counsel Devang Shah sold 332,241 shares of ContextLogic stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $1.67, for a total value of $554,842.47. Following the completion of the sale, the general counsel now directly owns 208,016 shares in the company, valued at $347,386.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tarun Kumar Jain sold 30,000 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $1.53, for a total value of $45,900.00. Following the transaction, the insider now directly owns 251,694 shares in the company, valued at approximately $385,091.82. The disclosure for this sale can be found here. In the last three months, insiders sold 2,080,344 shares of company stock valued at $3,378,736. 40.83% of the stock is owned by insiders.

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WISH Stock News Headlines

7 Penny Stocks to Avoid in August - Nasdaq
7 Penny Stocks to Avoid in August - InvestorPlace
ContextLogic: Q2 Earnings Insights - Benzinga
Wish Reports Second-Quarter 2022 Financial Results
ContextLogic (WISH) to Release Quarterly Earnings on Tuesday
See More Headlines
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WISH Company Calendar

Last Earnings
8/09/2022
Today
8/15/2022
Next Earnings (Estimated)
11/09/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
N/A
Current Symbol
NASDAQ:WISH
Fax
N/A
Employees
1,218
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.81
High Stock Price Forecast
$7.20
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+193.9%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
7 Analysts

Profitability

Net Income
$-361,000,000.00
Pretax Margin
-27.35%

Debt

Sales & Book Value

Annual Sales
$2.09 billion
Book Value
$1.03 per share

Miscellaneous

Free Float
390,522,000
Market Cap
$1.12 billion
Optionable
Optionable
Beta
0.29














WISH Stock - Frequently Asked Questions

Should I buy or sell ContextLogic stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WISH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WISH, but not buy additional shares or sell existing shares.
View WISH analyst ratings
or view top-rated stocks.

What is ContextLogic's stock price forecast for 2022?

7 analysts have issued twelve-month price objectives for ContextLogic's shares. Their WISH share price forecasts range from $2.00 to $7.20. On average, they expect the company's share price to reach $4.81 in the next year. This suggests a possible upside of 184.9% from the stock's current price.
View analysts price targets for WISH
or view top-rated stocks among Wall Street analysts.

How have WISH shares performed in 2022?

ContextLogic's stock was trading at $3.11 on January 1st, 2022. Since then, WISH shares have decreased by 45.7% and is now trading at $1.69.
View the best growth stocks for 2022 here
.

When is ContextLogic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our WISH earnings forecast
.

How were ContextLogic's earnings last quarter?

ContextLogic Inc. (NASDAQ:WISH) posted its earnings results on Tuesday, August, 9th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. The business earned $134 million during the quarter, compared to analyst estimates of $154.40 million. ContextLogic had a negative trailing twelve-month return on equity of 23.48% and a negative net margin of 27.75%. The firm's revenue for the quarter was down 79.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS.

When did ContextLogic IPO?

(WISH) raised $1.1 billion in an initial public offering on Wednesday, December 16th 2020. The company issued 46,000,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs & Co., J.P. Morgan and BofA Securities acted as the underwriters for the IPO and Citigroup, Deutsche Bank Securities, UBS Investment Bank, RBC Capital Markets and Credit Suisse were co-managers.

What is ContextLogic's stock symbol?

ContextLogic trades on the NASDAQ under the ticker symbol "WISH."

Who are ContextLogic's major shareholders?

ContextLogic's stock is owned by many different institutional and retail investors. Top institutional investors include GGV Capital LLC (4.67%), Renaissance Technologies LLC (1.25%), Northern Trust Corp (0.73%), ProShare Advisors LLC (0.58%), Healthcare of Ontario Pension Plan Trust Fund (0.25%) and New York Life Insurance Co. (0.24%). Insiders that own company stock include Brett Just, Cove Street Capital, Llc, Devang Shah, Dort A Cameron III, Hamid Reza Kassaei, Hans Tung, Harvey P Eisen, Jacqueline D Reses, Jennifer Oliver, Pai Liu, Peiyen Chuang, Piotr Szulczewski, Rajat Bahri, Stephanie Tilenius, Tarun Kumar Jain and Ying Vivian Liu.
View institutional ownership trends
.

How do I buy shares of ContextLogic?

Shares of WISH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ContextLogic's stock price today?

One share of WISH stock can currently be purchased for approximately $1.69.

How much money does ContextLogic make?

ContextLogic (NASDAQ:WISH) has a market capitalization of $1.12 billion and generates $2.09 billion in revenue each year. The company earns $-361,000,000.00 in net income (profit) each year or ($0.41) on an earnings per share basis.

How many employees does ContextLogic have?

The company employs 1,218 workers across the globe.

How can I contact ContextLogic?

ContextLogic's mailing address is ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA, 94104. The official website for the company is www.wish.com. The company can be reached via phone at 415-432-7323.

This page (NASDAQ:WISH) was last updated on 8/15/2022 by MarketBeat.com Staff

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