After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted ContextLogic Announces Agreement to Sell Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 for $173 Million in Cash.
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Stocks Info
This NASDAQ-listed company operates within the Internet Retail industry segment, falling under the Consumer Cyclical sector. The current market capitalization of ContextLogic Inc is $156.79M. A total of 1.36 million shares were traded on the day, compared to an average of 1.04M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, WISH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 3 SELLs from insiders. Insiders purchased 0 shares during that period but sold 448,337.
In the most recent transaction, Liu Ying Vivian sold 340,000 shares of WISH for 0.46 per share on Mar 08. After the transaction, the CFO and COO now owns 793,423 company shares. In a previous transaction on Mar 08, Wang Shuyan (Rachel) sold 20,337 shares at 0.48 per share. WISH shares that Head of Data Science owns now total 0.
Among the insiders who sold shares, Jain Tarun Kumar disposed of 88,000 shares on Mar 02 at a per-share price of $0.46. This resulted in the Former Chief Product Officer holding 90,622 shares of WISH after the transaction.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WISH in the last 3 months, the mean price target is $5.25 with high estimates of $6.50 and low estimates of $4.00. In terms of 52-week highs and lows, WISH has a high of $23.26 and a low of $3.55.
As of this writing, WISH has an earnings estimate of -$2.98 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$2.66 per share and a lower estimate of -$3.31. The company reported an EPS of -$3.38 in the last quarter, which was 9.60% higher than expectations of -$3.74.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WISH’s latest balance sheet shows that the firm has $1.16B in Cash & Short Term Investments as of fiscal 2021. There were $16.00M in debt and $449.00M in liabilities at the time. Its Book Value Per Share was $11.33, while its Total Shareholder’s Equity was $818.00M.
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, 0 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 Buy with a score of 3.00.
