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MSFT   333.41 (+1.53%)
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AMZN   123.34 (+2.29%)
TSLA   209.72 (+2.84%)
NVDA   398.91 (+5.44%)
NIO   7.60 (+0.93%)
BABA   83.19 (+4.58%)
AMD   120.76 (+2.16%)
T   15.83 (+0.64%)
F   12.17 (+1.42%)
MU   69.37 (+1.72%)
CGC   0.83 (-0.43%)
GE   105.12 (+3.54%)
DIS   88.96 (+1.14%)
AMC   4.58 (+1.78%)
PFE   38.04 (+0.05%)
PYPL   63.41 (+2.29%)
NFLX   405.50 (+2.60%)

ContextLogic (WISH) Stock Forecast, Price & News

$6.86
-0.15 (-2.14%)
(As of 02:58 PM ET)
Compare
Today's Range
$6.61
$6.98
50-Day Range
$6.49
$238.50
52-Week Range
$6.36
$63.60
Volume
564,949 shs
Average Volume
1.26 million shs
Market Capitalization
$161.62 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.00

ContextLogic MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
31.0% Upside
$9.00 Price Target
Short Interest
Healthy
13.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$206,620 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($15.00) to ($10.91) Per Share

Overall MarketRank

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

2.00 out of 5 stars

Retail/Wholesale Sector

267th out of 424 stocks

Catalog & Mail-Order Houses Industry

21st out of 28 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.

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WISH Stock News Headlines

The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
ContextLogic (WISH) Receives a Sell from Citigroup
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Wish Reports First-Quarter 2023 Financial Results
ContextLogic Inc. (NASDAQ:WISH) Short Interest Update
WISH Stock Alert: Why Is ContextLogic Up 20% Today?
Wish Announces $50 Million Share Repurchase Program
ContextLogic: Don't Fall For The Reverse Stock Split
See More Headlines

WISH Price History

WISH Company Calendar

Last Earnings
5/04/2023
Today
6/01/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

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
$9.00
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+28.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-384,000,000.00
Pretax Margin
-86.19%

Debt

Sales & Book Value

Annual Sales
$571 million
Book Value
$17.44 per share

Miscellaneous

Free Float
21,632,000
Market Cap
$164.45 million
Optionable
Optionable
Beta
1.49

Key Executives

  • Ms. Ying Liu (Age 46)
    CFO & COO
    Comp: $502.08k
  • Mr. Brett Just (Age 40)
    Chief Accounting Officer
    Comp: $385.75k
  • Mr. Tarun Kumar JainMr. Tarun Kumar Jain (Age 43)
    Chief Customer & Product Officer
    Comp: $453k
  • Mr. Jun Yan (Age 40)
    Interim Chief Exec. Officer
  • Mr. Sheng Zhang
    Co-Founder
  • Mr. Jerry Louis
    Interim Chief Technology Officer
  • Mr. Devang S. Shah (Age 50)
    Chief Admin. Officer
  • Mr. Randall J. Scherago
    VP of Investor Relations
  • Mr. Mauricio Monico
    Chief Merchant Officer - Product













WISH Stock - Frequently Asked Questions

Should I buy or sell ContextLogic stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. There are currently 1 sell rating 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 2023?

2 Wall Street research analysts have issued twelve-month price objectives for ContextLogic's shares. Their WISH share price forecasts range from $9.00 to $9.00. On average, they predict the company's share price to reach $9.00 in the next year. This suggests a possible upside of 28.9% 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 2023?

ContextLogic's stock was trading at $14.6310 at the start of the year. Since then, WISH shares have decreased by 52.3% and is now trading at $6.98.
View the best growth stocks for 2023 here
.

When is ContextLogic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our WISH earnings forecast
.

How were ContextLogic's earnings last quarter?

ContextLogic Inc. (NASDAQ:WISH) issued its earnings results on Thursday, May, 4th. The company reported ($3.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.91) by $0.08. The business had revenue of $96 million for the quarter, compared to analysts' expectations of $106.79 million. ContextLogic had a negative trailing twelve-month return on equity of 72.85% and a negative net margin of 86.40%.

What ETF holds ContextLogic's stock ?

ProShares Long Online/Short Stores ETF holds 59,458 shares of WISH stock, representing 2.45% of its portfolio.

When did ContextLogic's stock split?

Shares of ContextLogic reverse split on Wednesday, April 12th 2023. The 1-30 reverse split was announced on Wednesday, April 12th 2023. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 12th 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

What guidance has ContextLogic issued on next quarter's earnings?

ContextLogic issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $91.00 million-$102.00 million, compared to the consensus revenue estimate of $127.33 million.

When did ContextLogic IPO?

(WISH) raised $1.1 billion in an IPO on Wednesday, December 16th 2020. The company issued 46,000,000 shares at $22.00-$24.00 per share. Goldman Sachs & Co., J.P. Morgan and BofA Securities served 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 shareholders include BlackRock Inc. (182.22%), State Street Corp (48.95%), Geode Capital Management LLC (46.52%), Renaissance Technologies LLC (43.76%), ProShare Advisors LLC (24.21%) and ProShare Advisors LLC (23.78%). Insiders that own company stock include Brett Just, Devang Shah, Hamid Reza Kassaei, Hans Tung, Jacqueline D Reses, Jennifer Oliver, Pai Liu, Peiyen Chuang, Piotr Szulczewski, Rajat Bahri, Shuyan (Rachel) Wang, Stephanie Tilenius, Tarun Kumar Jain, Vijay Talwar 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 $6.98.

How much money does ContextLogic make?

ContextLogic (NASDAQ:WISH) has a market capitalization of $164.45 million and generates $571 million in revenue each year. The company earns $-384,000,000.00 in net income (profit) each year or ($17.9441) 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 or via email at ir@wish.com.

This page (NASDAQ:WISH) was last updated on 6/1/2023 by MarketBeat.com Staff

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