ContextLogic Inc. (NASDAQ:WISH) price is hovering lower on Monday, September 13, dropping -2.27% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.61, with intraday deals fluctuating between $6.48 and $6.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $32.85 and 52-week low of $6.14. The stock subtracted -29.76% on its value in the past month.
ContextLogic Inc., which has a market valuation of $4.27 billion, is expected to release its quarterly earnings report Aug 12, 2021. Analysts tracking WISH have forecast the quarterly EPS to shrink by -0.14 per share this quarter, while the same analysts predict the annual EPS to hit -$0.65 for the year 2021 and up to -$0.38 for 2022. In this case, analysts estimate an annual EPS growth of 88.90% for the year and 41.50% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $361.06 million, with the likely lows of $271.46 million and highs of $417 million. Staying with the analyst view, there is a consensus estimate of $2.25 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -11.50% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 11 analysts have assigned WISH a recommendation rating as follows: 6 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the ContextLogic Inc. (WISH) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that WISH’s price is at present -6.94% off the SMA20 and -26.63% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.41, with weekly volatility standing at 6.81%. The indicator jumps to 7.85% when calculated based on the past 30 days. ContextLogic Inc. (NASDAQ:WISH)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.57. Considering analysts have assigned the stock a price target range of $5.00-$19.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9.83. Based on this estimate, we see that today’s price at last check is roughly 22.6% off the estimated low and -194.12% off the forecast high. Investors will no doubt be excited to see the share price fall to $8.00, which is the median consensus price, and at that level WISH would be -23.84% from recent price.
An analysis of the ContextLogic Inc. (NASDAQ:WISH) stock in terms of its daily trading volume indicates that the 3-month average is 66.60 million.
Current records show that the company has 624.00M in outstanding shares. The insiders’ percentage holdings are 3.20% of outstanding shares while the percentage share held by institutions stands at 51.20%. But the -63.76% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.