Yes. The WISH stock price can go up from 2.310 USD to 4.357 USD in one year. Is it profitable to invest in ContextLogic Inc - Class A stock?
Full Answer
What is the price of wish stock now?
Jun 08, 2021 · Today’s volume is eclipsing 130 million shares, a jaw-dropping figure when considering WISH’s 9.5 million daily average. WISH stock is up nearly 50%, trading hands currently at $11.42. On the ...
How high can a stock go?
Apr 03, 2022 · ContextLogic's stock was trading at $0.3601 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WISH stock has increased by 483.2% and is now trading at $2.10. View which stocks have been most impacted by COVID-19.
Is wish stock a short squeeze candidate?
ContextLogic Inc - Class A quote is equal to 2.310 USD at 2022-03-28. Based on our forecasts, a long-term increase is expected, the "WISH" stock price prognosis for 2027-03-19 is 12.702 USD. With a 5-year investment, the revenue is expected to be around +449.87%. Your current $100 investment may be up to $549.87 in 2027.
What price target do analysts set for wish?
Apr 08, 2022 · Wish stock dives as holiday sales miss, layoffs planned Mar. 2, 2022 at 8:27 a.m. ET by Jeremy C. Owens ContextLogic Shares Rise 15% After Wish Clips Feature Released
How high will WISH stock go?
According to the algorithm-based WISH share price forecast from Wallet Investor as of 31 January, Wish stock could reach a maximum price of $3.89 by the end of December 2022.Jan 31, 2022
Is WISH a good stock to buy right now?
The company's top-line growth accelerated to 75% in the first quarter of 2021. While still unprofitable, Wish is forecast to narrow its losses from $5.87 per share in 2020 to $0.38 per share in 2022 and might turn profitable by the end of 2024.
Is WISH a strong buy?
Out of 8 analysts, 0 (0%) are recommending WISH as a Strong Buy, 1 (12.5%) are recommending WISH as a Buy, 5 (62.5%) are recommending WISH as a Hold, 1 (12.5%) are recommending WISH as a Sell, and 1 (12.5%) are recommending WISH as a Strong Sell. What is WISH's earnings growth forecast for 2022-2024?
Is WISH a long term investment?
Recently IPO'd ContextLogic (NASDAQ:WISH), owners of e-Commerce website Wish.com, has not been great for investors chasing a short-term pop. WISH stock went public at $24 a share and immediately closed its first trading day at $20.Jul 12, 2021
Is Wish a good stock to buy 2021?
Investors in the eCommerce group ContextLogic (NASDAQ:WISH) stock have not had a good year. So far in 2021, WISH stock is down about 80%.Dec 27, 2021
Will Wish ever go up?
They expect Wish's revenue to drop 17% in 2021, decline 16% in 2022, and possibly rise 34% in 2023 if its turnaround efforts bear fruit.Jan 6, 2022
Will WISH stock recover?
Opportunities for WISH Stock Recovery in 2022 WISH is offering financial incentives to attract quality vendors. It's offering discounts and coupons to users too. If these strategies work, business volumes may recover, but profitability may suffer in the short term.Dec 27, 2021
Did Amazon Try Buy WISH?
Both Amazon and Alibaba tried to buy Wish. Amazon ( AMZN 3.49% ) and Alibaba both approached Wish with buyout offers in 2015 and 2016. Amazon reportedly offered to buy Wish for $10 billion, nearly three times its private valuation at the time.Dec 28, 2021
Why WISH stock is going down?
Some reasons behind the collapse. ContextLogic, like other e-commerce operators, was a beneficiary of the COVID-19 crisis and its accompanying stay-at-home trends. The company went public in late 2020 with a share price of $24, and its share price crested over $30 in early 2021.Feb 24, 2022
Is ContextLogic a buy right now?
11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last year. There are currently 3 se...
How has ContextLogic's stock been impacted by COVID-19 (Coronavirus)?
ContextLogic's stock was trading at $0.3601 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health O...
Are investors shorting ContextLogic?
ContextLogic saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 43,740,000 shares, a d...
When is ContextLogic's next earnings date?
ContextLogic is scheduled to release its next quarterly earnings announcement on Wednesday, May 11th 2022. View our earnings forecast for ContextL...
How were ContextLogic's earnings last quarter?
ContextLogic Inc. (NASDAQ:WISH) issued its quarterly earnings results on Tuesday, March, 1st. The company reported ($0.09) EPS for the quarter, top...
What price target have analysts set for WISH?
11 Wall Street analysts have issued 12 month target prices for ContextLogic's stock. Their forecasts range from $4.00 to $22.00. On average, they a...
Who are ContextLogic's key executives?
ContextLogic's management team includes the following people: Ms. Jacqueline D. Reses , Exec. Chairman (Age 51) Mr. Peter Szulczewski , Founder...
Who are some of ContextLogic's key competitors?
Some companies that are related to ContextLogic include Vipshop (VIPS) , Insight Enterprises (NSIT) , Revolve Group (RVLV) , Ozon (OZON) , Ove...
When did ContextLogic IPO?
(WISH) raised $1.1 billion in an initial public offering on Wednesday, December 16th 2020. The company issued 46,000,000 shares at $22.00-$24.00 pe...
"Should I invest in ContextLogic Inc - Class A stock?" "Should I trade "WISH" stock today?"
According to our live Forecast System, ContextLogic Inc - Class A stock is an awesome long-term (1-year)...
What is the ContextLogic Inc - Class A stock price / share price today?
The ContextLogic Inc - Class A stock price is 1.825 USD today.
Will ContextLogic Inc - Class A stock price grow / rise / go up?
Yes. The WISH stock price can go up from 1.825 USD to 4.074 USD in...
Is it profitable to invest in ContextLogic Inc - Class A stock?
Yes. The long-term earning potential is + 123.24 % in one year.
Will WISH stock price fall / drop?
No. See above .
What will ContextLogic Inc - Class A stock price be worth in five years (2027)?
The WISH ("WISH" ) future stock price will be 12.630 USD .
Will WISH stock price crash?
According to our analysis, this will not happen.
Will ContextLogic Inc - Class A stock price hit 10 USD price in a year?
Not within a year. See above .
Will ContextLogic Inc - Class A stock price hit 20 USD price in a year?
Not within a year. See above .
About ContextLogic
ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish 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.
ContextLogic (NASDAQ:WISH) Frequently Asked Questions
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last year. There are currently 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ContextLogic stock.
Signals & Forecast
There are few to no technical positive signals at the moment. The ContextLogic Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
Is ContextLogic Inc. stock A Buy?
ContextLogic Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Insiders are very positive buying more shares than they are selling in ContextLogic Inc
In the last 100 trades there were 12.73 million shares bought and 1.75 million shares sold. The last trade was done 8 days ago by Szulczewski Piotr who sold 56.09 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Why is WISH stock going down?
Before we analyze whether WISH stock can recover, let’s first see why the stock has been in a freefall. WISH stock has been going down for multiple reasons. It has been the victim of the sell-off in growth names. Company-specific factors, including the resignation of its CFO Rajat Bahri, didn't help matters.
WISH stock forecast
Analysts went on a downgrading spree after ContextLogic reported its second-quarter earnings. Currently, it has two buy ratings, six hold ratings, and two sell ratings from the analysts polled by TipRanks. Its average target price of $9.81 represents an upside potential of over 50 percent from these levels.
Will WISH stock recover?
The worst seems to be over for WISH stock and it should recover soon. While the second-quarter earnings were a disaster, there was a silver lining. ContextLogic is cutting down on advertising expenses and will focus on retaining existing users.
Will WISH stock go back up?
WISH stock seems to have bottomed and should go up. Especially if you're willing to take a long-term view, the stock should go back up. The company is an e-commerce play and currently trades at a tempting valuation with an NTM EV-to-sales multiple of only 1.2x.
Can Reddit and WallStreetBets take ContextLogic stock higher?
WallStreetBets has been successful in triggering a short squeeze in many stocks. While most of them tumbled from the highs, most settled at a higher price level. Now, WISH doesn't have a loyal army of shareholders like GameStop and AMC Entertainment.
How many stock splits has AAPL witnessed?
Companies can split their stock (AAPL has witnessed five splits); stock splits increase accessibility to the everyday trader while reducing similarities between the stock price and Icarus, both reaching for some unachievable, unwieldy goal.
Who is Frank Kaberna?
About Frank Kaberna. Frank Kaberna is the head content strategist at the Small Exchange. He produces everything from brochures to videos that inform on the Small Exchange’s products. After earning a mathematics degree from the University of Michigan, Frank traded interest rates at the Chicago Board of Trade.