Is wish stock profitable?
Keep in mind that WISH stock will not really move higher until it becomes profitable, either on an EBITDA or FCF basis. On the date of publication, Mark R. Hake did not hold a position in any security mentioned in this article.
What is the wish company?
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.
Why did wish stock drop 20%?
“After a strong start to the second quarter of 2021, demand slowed due to a number of headwinds,” Szulczewski wrote in the first sentence of the letter published late Thursday, alongside Wish’s earnings report. Wish shares plunged 20% on Friday and continued sliding on Monday, dropping another 9% to close at $6.87.
Why is wish so successful?
This customized feed makes the marketplace highly engaging and addictive for shoppers while making it easy for sellers to get their products in front of new and relevant audiences. Much of Wish’s success is down to its mobile-first functionality.
Is it good to invest in WISH stock?
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.
Does WISH stock have a future?
But for now, analysts still expect a lot of near-term pain. 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. They also expect it to remain unprofitable, but for its net losses to gradually narrow through 2023.
Is WISH a good buy right now?
At the moment, ContextLogic Inc. stock has many negative signals and is expected to fall in the coming days and weeks. According to Zacks, Wish stock is currently a sell. CNN Business, on the other hand, notes that the stock is considered a hold based on the consensus among 11 analysts.
What is a good price to buy WISH stock?
During the day the stock fluctuated 10.63% from a day low at $1.41 to a day high of $1.56. The price has fallen in 6 of the last 10 days and is down by -9.41% for this period....Predicted Opening Price for ContextLogic Inc. of Monday, May 16, 2022.Fair opening price May 16, 2022Current price$1.50$1.54 (Overvalued)
Will Amazon Buy wish?
Alibaba and Amazon have had acquisition talks with Wish in the past year. One person close to top players at Wish says Amazon recently offered $10 billion in cash to buy the company, and Wish's CEO walked away.
Is Wish going to 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.
Is WISH stock a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.97%2Buy18.45%3Hold10.03%4Sell5.70%2 more rows
How much does WISH make a year?
approximately 2.54 billion U.S. dollarsThe online e-commerce company Wish generated revenues of approximately 2.54 billion U.S. dollars. This figure is almost 34 percent higher than in the previous year. Based in the United States, the retail site is operated by ContextLogic Inc.
Is WISH a good long term stock?
On average, Wall Street has a neutral rating on WISH. But based on the ten most recently published reports, WISH shares are expected to reach $9.17 over the next 12 months, representing very enticing 76% upside potential.
Will WISH stock bounce back?
Despite Bad News, WISH Stock Is Bouncing Back Slashing its marketing spend, it's no surprise it saw revenues for the holiday quarter fall 64% year-over-year. While net losses were down year-over-year, negative free cash flow in fourth-quarter 2021 (-$50 million) was double what it was for Q4 2020 (-$25 million).
Can you trust WISH?
Is Wish Safe and Legit? Despite the unbelievable prices (and unbelievable products) from Wish retailers, Wish as an app and as an online seller is completely legit. That means the $0.50 earbuds you buy will be shipped to your home, but they may or may not work.
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...
About ContextLogic
ContextLogic (NASDAQ:WISH) Frequently Asked Questions
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.
Signals & Forecast
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.
Support, Risk & Stop-loss
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.
Is ContextLogic Inc. stock A Buy?
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.
Insiders are very positive buying more shares than they are selling in ContextLogic Inc
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.
Golden Star Signal
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.
Top Fintech Company
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!
ContextLogic Inc. (WISH) Dips More Than Broader Markets: What You Should Know
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Wish to Announce Fourth Quarter and Year End 2021 Results on March 1, 2022
In the latest trading session, ContextLogic Inc. (WISH) closed at $2.01, marking a -1.95% move from the previous day.
3 Stocks to Avoid This Week
SAN FRANCISCO, February 23, 2022--ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced it will report its fourth quarter and fiscal year 2021 financial results after the market close on Tuesday, March 1, 2022.
Where This Leaves WISH Stock
Over the past few months, inflation, rising interest rates, and geopolitical threats pummeled a wide range of individual stocks. Today, I'll examine three broken companies -- ContextLogic (NASDAQ: WISH), Peloton Interactive (NASDAQ: PTON), and Just Eat Takeaway (NASDAQ: GRUB) -- and explain why they should be avoided.
Probability Matrix
Analysts don’t see things my way. They are impressed with the company’s growth and think it should have a higher target price. For example, six analysts have written reports on WISH stock in the last 12 months, according to TipRanks. Their average price target is $18.60, or 66% above today’s price of $11.05.
Trading action on this e-commerce underdog stock has been pretty wild as of late
For example, let’s say that there is a good chance that analysts are right, say 40%, that it will rise 50%. Let’s say that my view, that the stock will likely stay close to its present price, also has a 40% chance of being right. And then let’s say there is a 20% chance that the stock will fall 20%, as it is still not profitable.
What does Wish do?
Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. Lately expanding into innovations in cryptocurrency alongside biotech/cannabis content. Fool since April 2020.
How do the fundamentals look?
Wish is essentially a discount digital marketplace featuring merchants selling their (unbranded) goods directly from warehouses in China. The platform is known for long shipping times, items with questionable quality, knock-off brands, and a near-complete lack of customer support.
The verdict
The pandemic-related spike in e-commerce activities is subsiding as things go back to normal, which is an issue Wish cannot really avoid. As a result, the company anticipates it will grow its sales by just 3% year over year in Q2 to $722.5 million.
What is wish product?
But the greatest problem Wish faces is a clear path to profitability. It spent $470 million in sales and marketing expenses in the first quarter, which is more than its entire gross profit and accounted for 61% of revenue.
What is Wish Express?
Wish is predominantly known for niche products and budget items, spanning categories including beauty, fashion, electronics, gadgets, and more. From the affordable and bizarre to the useful and expensive, Wish has it all.
What is wish marketplace?
Wish Express is a fast shipping program that provides shoppers with express deliveries, similar to Amazon Prime and Walmart Free 2-Day Shipping. Customers shopping via Wish Express receive their items within 5-days, with no minimum spend or monthly membership.
What is product boost?
Wish is a high-growth mobile-first online marketplace that allows shoppers to browse and buy items from third-party sellers. It was founded in San Francisco back in 2010 by Peter Szulczewski and Danny Zhang, and has since become popular across the world, thanks to the following notable features and benefits. gif (1×1)
How many reviews does Wish have?
ProductBoost is a Wish advertising tool that increases product exposure by moving listings higher in the product rankings than they would appear organically. ProductBoost is an excellent tool for helping customers discover new products faster and for getting your best-selling items in front of more shoppers.
How long does it take to fulfill a wish order?
Finally, Wish receives 500,000 reviews per day – far more than Amazon and eBay. These reviews help shoppers establish trust and overcome fears about buying from the marketplace, making them more likely to convert and return.
How to sell on Wish?
This involves picking, packaging, shipping, and tracking orders yourself, within the five-day fulfillment limit.
