why is contextlogic stock dropping

by Prof. Shanny Donnelly DDS Published 3 years ago Updated 2 years ago

The downturn was driven by a 32% plunge in ContextLogic's core marketplace revenue. The company saw a 13% decrease in app installs and a 15% decline in the average time users spent on its platform as more people returned to stores when the economy reopened. ContextLogic's stock price plunged on Friday. Image source: Getty Images.

Full Answer

Why is ContextLogic’s sales dropping?

Mar 15, 2022 · After hitting a peak of more than $32 per share earlier last year, WISH stock has since declined to $1.65 per share at the time of this writing. Today’s downward move of around 6% is simply the ...

What will ContextLogic's stock price reach in the next year?

Aug 13, 2021 · ContextLogic's revenue fell 6% year over year to $656 million. That was far below the $723 million in revenue Wall Street had expected. The downturn was driven by a 32% plunge in ContextLogic's ...

Did ContextLogic’s short interest drop in January?

Jan 28, 2022 · That is, the stock may maintain its current price-sales ratio of 0.6 times while moving lower as the company’s sales drop this year. If that happens, the shares’ market capitalization could ...

Could ContextLogic’s shares drop further before the dust has settled?

Oct 05, 2021 · Why the Downfall? The recent drop in ContextLogic’s share price was partially prompted by analyst Jason Helfstein from Oppenheimer, when he …

Why did ContextLogic stock drop?

ContextLogic, which operates the Wish.com platform, is definitely not in the same situation. ContextLogic's sales have dropped sharply since the pandemic started easing. As the “stay-at-home” economy ended after the lockdowns were terminated, the company's ad-focused business model was no longer viable.Jan 28, 2022

Is ContextLogic undervalued?

The Verdict: At today's price, ContextLogic stock appears to be undervalued based on a sampling of common fundamental valuation metrics.Dec 27, 2021

Is ContextLogic a sell?

ContextLogic has received a consensus rating of Hold. The company's average rating score is 1.80, and is based on 1 buy rating, 6 hold ratings, and 3 sell ratings.

Is ContextLogic a buy or sell?

The consensus rating for ContextLogic is Hold while the average consensus rating for retail/wholesale companies is Buy. Learn more on how WISH compares to other companies.

Will Tal rebound?

Since its launch, the Company has repurchased approximately US$ 196.3 million of its American depositary shares as part of a share repurchase program. Under the expanded share repurchase program, the Company can repurchase up to $803.7 million of its common shares by April 30, 2023.

Is ContextLogic publicly traded?

ContextLogic shares (WISH) are listed on the NASDAQ and all prices are listed in US Dollars.

Will ContextLogic stock 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 +25.00% increase from the last price of 1.60.

Is ContextLogic a good buy?

ContextLogic's Q3 2021 results are poor. But more crucially its Q4 guidance affords investors no respite. Discussing ContextLogic's near-term prospects and why this investment is still too expensive. Even with the stock down more than 80% this year, investors should still not get involved here.Dec 14, 2021

Is ContextLogic the same as WISH?

U.S. Wish is operated by ContextLogic Inc. in San Francisco, United States. The platform personalizes the shopping experience visually for each customer, rather than relying only on a search bar format.

What is Nio price target?

NIO Inc (NYSE:NIO)

The 27 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.88, with a high estimate of 82.82 and a low estimate of 23.04. The median estimate represents a +107.09% increase from the last price of 14.91.

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.Jan 6, 2022

What will WISH stock be in 2022?

(NASDAQ: WISH) CONTEXTLOGIC's current Earnings Per Share (EPS) is -$0.45. 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.

Investors Have Lost Hope in a Comeback by WISH Stock

Admittedly, ContextLogic’s move from hot stock to penny stock isn’t completely its fault. The pullback of growth stocks and meme stocks, caused by the Federal Reserve’s increased hawkishness, has certainly added fuel to the fire.

Another Retreat May Be in Store

After WISH stock tumbled more than 90% and with sentiment towards it even among meme traders at a low point, it may seem like WISH stock has bottomed. Unfortunately, the shares can fall further, even though they are trading at a low price.

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