Analysts Point To ContextLogic Inc. (NASDAQ: WISH) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for ContextLogic Inc. (WISH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0441, or -4.72%, to $0.89. Volume reached 283,215 shares, with price reaching a high of $0.9099 and a low of $0.883. Recently, Yahoo Finance discussed the stock, revealing that Wish to Continue Withhold to Cover Process to Reduce Share Dilution From Restricted Share Units (RSUs) and Employee Option Awards.

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Stocks Info

As a NASDAQ listed company, WISH falls under the Consumer Cyclical sector while operating within the Internet Retail industry segment. At the end of the last regular session, the stock closed at $0.89 and fluctuated between $0.9590 as its day high and $0.8831 as its day low. The current market capitalization of ContextLogic Inc. is $651.61M. A total of 21.92 million shares were traded on the day, compared to an average of 13.54M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WISH has seen 15 BUY and 21 SELL insider trades, representing the acquisition of 59,807,493 and the disposition of 8,215,980 shares. Over the last 12 months, there were 93 BUYs and 107 SELLs from insiders. Insiders purchased 64,302,921 shares during that period but sold 17,127,859.

In the most recent transaction, Szulczewski Piotr sold 120,000 shares of WISH for 0.89 per share on Sep 22. After the transaction, the 10% Owner now owns 41,209,635 company shares. In a previous transaction on Sep 21, Szulczewski Piotr sold 77,436 shares at 0.97 per share. WISH shares that 10% Owner owns now total 41,329,635.

Among the insiders who sold shares, Szulczewski Piotr disposed of 33,100 shares on Sep 20 at a per-share price of $0.98. This resulted in the 10% Owner holding 41,407,071 shares of WISH after the transaction. In another insider transaction, Szulczewski Piotr sold 19,085 shares at $0.98 per share on Sep 19. Company shares held by the 10% Owner now total 41,440,171.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WISH in the last 3 months, the mean price target is $3.09 with high estimates of $7.20 and low estimates of $1.50. In terms of 52-week highs and lows, WISH has a high of $6.31 and a low of $0.91.

As of this writing, WISH has an earnings estimate of $-0.16 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $-0.16 per share and a lower estimate of $-0.16. The company reported an EPS of $-0.13 in the last quarter, which was 18.75% higher than expectations of $-0.16.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WISH is Overweight with a score of 2.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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