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. Earlier, Yahoo Finance discussed this stock as it revealed Wish to Announce Fourth Quarter and Full Year 2023 Results on March 4, 2024.
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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. The current market capitalization of ContextLogic Inc is $156.06M. A total of 0.56 million shares were traded on the day, compared to an average of 1.06M 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 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.
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 $6.50 with high estimates of $6.50 and low estimates of $6.50. In terms of 52-week highs and lows, WISH has a high of $15.71 and a low of $3.55.
As of this writing, WISH has an earnings estimate of -$2.66 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$2.66 per share and a lower estimate of -$2.66. 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
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. 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.
