What's happening to wish stock?
ContextLogic (NASDAQ:WISH) stock has cratered along with the rest of the tech industry. However, a lot is its own undoing, with its recent results showing the effects of …
Why did ContextLogic (wish) stock fall 16% in December?
Jan 05, 2022 · What happened Shares of e-commerce and logistics company ContextLogic ( WISH -4.72% ), commonly called Wish, plunged 16.6% in December, according to data provided by S&P Global Market Intelligence....
Will wish’s stock gain as Foot Locker Exec is named CEO?
Apr 08, 2022 · Wish stock tanks 20% as e-commerce company says demand slowed, costs rose more than expected Aug. 13, 2021 at 8:15 a.m. ET by Jeremy C. Owens ContextLogic downgraded to perform from outperform at...
Should you worry about Wish Inc's (WISH) valuation?
ContextLogic Inc. (NASDAQ: WISH) -5.53% Decline Turns Investors Off From Company Stock. ContextLogic Inc. (NASDAQ:WISH) traded at $2.05 at close of the session on Tuesday, 02/22/22, made a downward move of -5.53% on its previous days price. Looking at the stock we see that its previous close was $2.17 with the days price range being $2.00 $2.18.
Why Wish stock fell?
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
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
What is the future of wish stock?
What is WISH's Earnings Per Share (EPS) forecast for 2022-2024? (NASDAQ: WISH) CONTEXTLOGIC's current Earnings Per Share (EPS) is -$0.57. On average, analysts forecast that WISH's EPS will be -$0.43 for 2022, with the lowest EPS forecast at -$0.43, and the highest EPS forecast at -$0.43.
Is wish stock a good investment?
When you look at all of the factors, it is clear that Wish Stock is not a good investment option. The company is unprofitable and has a high debt-to-equity ratio, and its earnings are disappointing. We recommend that you look for other investment options.
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
Is WISH owned by Amazon?
Wish is an American online e-commerce platform for transactions between sellers and buyers. Wish was founded in 2010 by Piotr Szulczewski (CEO) and Danny Zhang (former CTO). Wish is operated by ContextLogic Inc. in San Francisco, United States....Wish (company)Type of businessE-commerceCurrent statusActive17 more rows
What is Nio price target?
NIO Inc (NYSE:NIO) The 28 analysts offering 12-month price forecasts for NIO Inc have a median target of 33.22, with a high estimate of 86.02 and a low estimate of 23.93. The median estimate represents a +93.83% increase from the last price of 17.14.
What do analysts say about WISH?
ContextLogic Inc (NASDAQ:WISH) The 5 analysts offering 12-month price forecasts for ContextLogic Inc have a median target of 2.00, with a high estimate of 9.50 and a low estimate of 1.75. The median estimate represents a -4.08% decrease from the last price of 2.09.
Is wish stock undervalued?
The 12-month price estimates currently change between $4 and $12. WISH shares trade at 0.79 times trailing sales and 2.51x book value. These metrics imply that the stock is relatively undervalued.Dec 27, 2021
Is wish 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 Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
How much of Wish's profit is spent on sales?
What is a wish?
In its most recent quarter, Wish spent more than 100% of its gross profit on sales and marketing expenses even though the company's customer count declined. Since Wish has roughly $1.8 billion in cash and equivalents on its balance sheet, it's logical that the company is pouring money into growth-related initiatives.
What is the Motley Fool's recommendation for Amazon?
Wish is a mobile-first e-commerce marketplace designed primarily for cost-conscious consumers. The company offers some of the cheapest listings of any marketplace worldwide and buyers are often willing to sacrifice a bit of quality in exchange for the platform's cheaper prices.
How long does it take for Wish to ship?
The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.
Who is John Mackey?
Wish's time to delivery is reported to be anywhere from 15 to 45 days with that number growing even larger amid the pandemic due to shipping struggles.
Is Wish a parent company?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
NASDAQ: WISH
ContextLogic ( NASDAQ:WISH), the parent company of the Wish e-commerce marketplace, made its market debut last December. But after less than six months on the public markets, the company's stock is already down more than 70% from its highs. Despite consistently growing its revenue, the company has been plagued by losses, ...
What happened
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So what
Shares of e-commerce and logistics company ContextLogic ( WISH -6.47% ), commonly called Wish, plunged 16.6% in December, according to data provided by S&P Global Market Intelligence. The month started with an analyst downgrade, which caused the stock to fall.
Now what
The tough times for Wish started on Dec. 2 when Kunal Madhukar, an analyst with UBS, downgraded the stock from buy to neutral, according to The Fly. To summarize, Madhukar believes revenue will be challenged in 2022 and expenses will remain high. In other words, what plagued Wish in 2021 could continue to affect it in 2022.
Premium Investing Services
If there's a silver lining, it's that Wish still has over $1 billion in cash, which is a lot to work with. And perhaps leadership changes could actually be a good thing. Fresh eyes on the business might lead to new perspectives and more profitable pursuits.
Where is Wish located?
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
When is the deadline for a class action against ContextLogic?
ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. It operates Wish, an ecommerce platform that connects merchants and consumers. The company was founded in 2010 and is headquartered in San Francisco, California.
The parent of Wish.com suffered a sharp decline in its key growth metrics
("ContextLogic" or the "Company") on behalf of investors who purchased ContextLogic securities (NASDAQ: WISH) between December 13, 2020 and May 12, 2021 (the "Class Period"). If you purchased ContextLogic securities during the Class Period, have questions
What happened
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
So what
Shares of ContextLogic ( NASDAQ:WISH) dropped 19.8% on Friday after the e-commerce platform reported disappointing second-quarter results.
Now what
ContextLogic's revenue fell 6% year over year to $656 million. That was far below the $723 million in revenue Wall Street had expected.
What is Implied Volatility?
ContextLogic's financial results are likely to deteriorate further in the third quarter. The company said its quarter-to-date total revenue through July was down roughly 40% as it pulled back on its digital-ad spending while working to improve its operations.
What do the Analysts Think?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off.
Looking to Trade Options?
Clearly, options traders are pricing in a big move for ContextLogic shares, but what is the fundamental picture for the company? Currently, ContextLogic is a Zacks Rank #4 (Sell) in the Internet – Commerce industry that ranks in the Bottom 24% of our Zacks Industry Rank.
