What is wish stock?
Here are 11 things you need to know about WISH stock. To start, what exactly is Wish? Well, the company behind the e-commerce platform is ContextLogic. Essentially, ContextLogic sees itself as the discount version of Amazon (NASDAQ: AMZN ).
How much did wish (wish) raise in its IPO?
(WISH) raised $1.1 billion in an IPO on Wednesday, December 16th 2020. The company issued 46,000,000 shares at $22.00-$24.00 per share. Goldman Sachs & Co., J.P. Morgan and BofA Securities served as the underwriters for the IPO and Citigroup, Deutsche Bank Securities, UBS Investment Bank, RBC Capital Markets and Credit Suisse were co-managers.
Will wish stock stay on my watch list?
Whether or not Wish will able to do that remains to be seen, and due to that uncertainty, Wish's stock will be staying on my watch list for the time being. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.
Is ContextLogic (wish) stock a buy?
Wall Street Analysts Think 40% The consensus price target hints at a 39.9% upside potential for ContextLogic (WISH). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estima... Is Wish Stock a Buy? Wish's turnaround relies on a lot of wishful thinking.
Can I buy stock in Wish?
Shares of WISH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Where can I buy Wish shares?
While you can't invest directly in Wish, you can buy ContextLogic shares, which is the company that owns Wish. ContextLogic is listed on the NASDAQ with stock code WISH.US the current share price is $1.8 (25 minute delay).
What kind of stock is Wish?
Class A Common StockClass A Common Stock (WISH) Stock Price, Quote, News & History. Nasdaq....Key Data.LabelValuePrevious Close$1.6952 Week High/Low$15.18/$1.20Market Cap1,243,550,000Forward P/E 1 Yr.-2.8613 more rows
What happened Wish stock?
“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.
Is Wish a good stock to buy 2022?
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 publicly traded company?
This underdog e-commerce company is really just another dog. ContextLogic (WISH -7.69%), which is often referred to by the name of its e-commerce platform, Wish, went public at $24 per share last December.
Should I invest in Wish?
Should you buy Wish? Wish isn't doomed yet, but I still wouldn't buy the stock. Its low valuation and high short interest might limit its downside potential at these levels, but there also aren't any compelling reasons for the stock to rally.
Who is Wish owned by?
ContextLogic Inc.Wish (company)Type of businessE-commerceParentContextLogic Inc. (Nasdaq: WISH)SubsidiariesWish Outlet Wish Express Wish Local for Partner StoresURLwww.wish.comAdvertisingYes14 more rows
Will Wish go back 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. They also expect it to remain unprofitable, but for its net losses to gradually narrow through 2023.
Will Wish stocks go up?
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 7.60 and a low estimate of 1.50. The median estimate represents a +9.29% increase from the last price of 1.83.
Why is Wish stock doing so poorly?
However, the only part of the business that grew was Wish's logistics segment, and that's a lower profit-margin business. Deteriorating profitability is part of the reason Wish stock is down a stunning 90% from its 2021 high. It wasn't a profitable business to begin with, and it's getting worse.
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.
Should I buy or sell ContextLogic stock right now?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. There are currently 3 sell rating...
What is ContextLogic's stock price forecast for 2022?
10 Wall Street analysts have issued 1-year price objectives for ContextLogic's shares. Their forecasts range from $2.00 to $9.50. On average, they...
How has ContextLogic's stock price performed in 2022?
ContextLogic's stock was trading at $3.11 at the beginning of the year. Since then, WISH stock has decreased by 42.1% and is now trading at $1.80....
Are investors shorting ContextLogic?
ContextLogic saw a decline in short interest in May. As of May 31st, there was short interest totaling 41,070,000 shares, a decline of 17.1% from t...
When is ContextLogic's next earnings date?
ContextLogic is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Contex...
How were ContextLogic's earnings last quarter?
ContextLogic Inc. (NASDAQ:WISH) released its quarterly earnings data on Thursday, May, 5th. The company reported ($0.09) earnings per share (EPS) f...
Who are ContextLogic's key executives?
ContextLogic's management team includes the following people: Mr. Piotr Szulczewski , Founder & Director (Age 40, Pay $450k) Ms. Ying Liu , Chi...
Who are some of ContextLogic's key competitors?
Some companies that are related to ContextLogic include Insight Enterprises (NSIT) , Ozon (OZON) , Revolve Group (RVLV) , Qurate Retail (QRTEA)...
When did ContextLogic IPO?
(WISH) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 16th 2020. The company issued 46,000,000 shares at $22.00-$24...
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.
Ideas
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.
Profile
WISH hit significant low today with the Fibonacci circle hit and March 1, 2022 results coming in a few days should be a positive for the shares that were at $30+ at its peak.
Who is the CEO of Wish?
ContextLogic, Inc. engages in the operation of an online marketplace, that includes Geek, Mama, Home, Cute, and Joyful Shopping. The company was founded by Peter Szulczewski and Danny Zhang in June 2010 and is headquartered in San Francisco, CA.
How many items does Szulczewski sell?
After the IPO, investors should note that CEO Peter Szulczewski will have more than 80% of the total voting power. Interestingly, Szulczewski is a former Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) engineer who founded Wish in 2010. Szulczewski wanted to create a more affordable e-commerce platform than Amazon, specifically targeting low-income ...
Does Wish sell to China?
Also importantly, this platform has seen growth thanks to the Covid-9 pandemic. It now has 150 million items in its catalog and sells about 1.8 million items per day.
Is Wish still profitable?
Well, one thing investors learned from its U.S. Securities and Exchange Commission filing is that Wish has very strong ties to China. In fact, most of its merchants are based in China, and they primarily sell to consumers in the U.S. and Europe. Earlier in the pandemic, this structure weighed on Wish.
Is Amazon Wish successful?
Wish brought in $2.3 billion in total sales for the 12 months ending in September 2020. However, investors should note that the company is still not profitable.
What is a wish?
The first is that Wish represents another way for investors to dive into the red-hot world of e-commerce. There is really no denying how successful Amazon has been in 2020. Amazon delivered essential items, work-from-home comforts and everything in between.
How much of Wish's profit is spent on sales?
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?
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.
Is Wish a parent company?
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.
