Full Answer
What is the price of wish stock now?
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. Are investors shorting ContextLogic?
Why are short-term and long-term wish stock price predictions different?
Short-term and long-term WISH (ContextLogic Inc - Class A) stock price predictions may be different due to the different analyzed time series. Predictions, Comments & Questions
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.
How do analysts forecast wish's earnings for 2022?
On average, analysts forecast that WISH's EPS will be $-0.18 for 2022, with the lowest EPS forecast at $-0.32, and the highest EPS forecast at $-0.11. In 2023, WISH's EPS is forecast to hit $0.18 (min: $0.18, max: $0.18).
What is the forecast for WISH stock?
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 +11.11% increase from the last price of 1.80.
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.
What will WISH be worth in 2022?
ContextLogic Inc - Class A quote is equal to 1.795 USD at 2022-06-04. Based on our forecasts, a long-term increase is expected, the "WISH" stock price prognosis for 2027-05-26 is 10.133 USD. With a 5-year investment, the revenue is expected to be around +464.51%.
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. They also expect it to remain unprofitable, but for its net losses to gradually narrow through 2023.
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.
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).
What happens to WISH stock?
Investor sentiment is still bearish The percentage of the WISH's float being shorted between October and November 2021 reached 30%, which is considered quite high. See the red line on the chart below. Figure 2: The percentage of the WISH's float being shorted between October and November 2021 reached 30%.
Will WISH beat earnings?
In the previous quarter, ContextLogic (NASDAQ:WISH) reported ($0.09) earnings per share (EPS) to beat the analysts' consensus estimate of ($0.14) by $0.05.
How much cash WISH has?
Compare WISH With Other StocksContextLogic Annual Cash on Hand (Millions of US $)2020$2,1292019$1,0442018$9742017$1 more row
Is WISH stock undervalued?
WISH shares trade at 0.79 times trailing sales and 2.51x book value. These metrics imply that the stock is relatively undervalued.
Who is behind WISH com?
founder Peter SzulczewskiWish founder Peter Szulczewski in his headquarters office in San Francisco. “Forty-one percent of U.S. households don't have $400 worth of liquidity,” Szulczewski says, referring to the Fed's latest estimate.
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...
Stock fundamental analysis: latest earnings
ContextLogic reported financial results for the third quarter ending 30 September 2021 in November 2021. The company’s net loss narrowed to $64m for that quarter from $99m a year earlier. But in the first nine months of the year, the net loss widened to $303m from $176m.
ContextLogic stock technical analysis: technical indicators
According to TradingView, the relative strength index (RSI) of the ContextLogic stock was pointing to ‘neutral’ at 33.70. The RSI of a stock lies between zero and 100. An RSI reading of more than 70 is considered ‘overbought’; it is considered ‘oversold’ or ‘undervalued’ when below 30.
Factors that may influence the WISH stock ahead
Although the company announced only a handful of major partnerships and collaborations last year, some of them do appear promising and may boost the firm’s financial position.
Wish Stock Analysis
Looking at Wish’s stock chart, you would assume it’s a failing company. After an initial run, the graph looks like a downward ski slope, with Wish stock price dropping basically all year.
Disappointing Q3 Earnings for Wish Stock
Not only did the company announce its CEO is leaving, but their Q3 result shows the marketplace is losing ground.
The Turnaround Strategy
Part of Wish’s plan to turn things around is cutting back on ad spending to focus on its existing users. The company is planning to study repeat customers to learn the products they are buying. This way, they can promote better quality items. That said, the turnaround plan consists of two primary points:
Wish Stock Forecast – Where Do We Go From Here?
With Wish stock down 80% this year, will it sink lower? Or, will it finally break out of its downtrend?
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 WISH Stock Is a Buy Now
All of that said, there is a fundamental case for ContextLogic stock, more than with GameStop, AMC, and others.
WISH Stock Forecast for 2025
Even if this stock is down, at $7, it's still potentially even of a bargain than it was a few months ago.
Analyst price target for WISH
Based on 7 analyst s offering 12 month price targets for ContextLogic Inc.
WISH earnings per share forecast
What is WISH 's earnings per share in the next 3 years based on estimates from 4 analyst s?
WISH revenue forecast
What is WISH 's revenue in the next 3 years based on estimates from 4 analyst s?
WISH revenue growth forecast
How is WISH forecast to perform vs Internet Retail companies and vs the US market?
Historical and forecast chart of ContextLogic stock
The chart below shows the historical price of ContextLogic stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the ContextLogic stock price can be found in the table below.
ContextLogic Daily Price Targets
Forecast target price for 02-24-2022: $ 2.15. Negative dynamics for ContextLogic shares will prevail with possible volatility of 3.867%.
ContextLogic forecast for this year
An uptrend is forecast for this month with an optimal target price of $ 2.30888. Pessimistic: $2.12. Optimistic: $2.46
ContextLogic information and performance
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
The e-commerce underdog will face an uphill battle to stay relevant
Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Follow him on Twitter for more updates!
2022-2023: Addressing the near- to mid-term challenges
Wish ended the third quarter of 2021 with $1.2 billion in cash, cash equivalents, and marketable securities. That was down 43% from $2.1 billion a year ago. Its net loss also widened year over year, from $176 million to $303 million, in the first nine months of 2021.
2024-2025: Securing new partnerships
If Wish can turn around its core business, it will need to gain more allies to widen its moat against Alibaba 's ( NYSE:BABA) AliExpress, which also enables Chinese merchants to sell cheap products to overseas buyers.
2026 and beyond: Carving out a defensible niche
If Wish can overcome its near-term challenges and secure more partnerships to widen its moat, it might carve out a defensible niche by 2026.