What's happening to wish stock?
The company, which operates a discount e-commerce app, debuted at $24 a share in December and traded as high on $31.19 on Feb. 1. The stock has since lost more than three-quarters of its value. Wish reported a 6.4% drop in quarterly revenue from a year earlier to $656 million, while analysts expected a slight increase.
Is wish a good stock to add to your portfolio?
While WISH might not be another Amazon, it could be a good e-commerce stock to add to your portfolio. The stock looks like a good long-term investment for growth investors.
Where can I buy shares of 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. Compare Top Brokerages Here. What is ContextLogic's stock price today?
Is wish stock undervalued or overvalued?
With a 2022 EV-to-EBITDA multiple of 0.9x, WISH stock looks undervalued and attractively priced. Reddit group WallStreetBets has built its reputation by triggering a short squeeze in many stocks like GameStop and AMC Entertainment. According to Fintel, WISH stock’s short interest was 18.2 percent on May 21.
Is Wish stock Expected to Rise?
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 a good buy right now?
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.
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).
Why did wish stock jump?
ContextLogic (WISH +7.2%) shares rose after the company reported an earnings beat Wednesday afternoon. The earnings beat was primarily due to disciplined spending, as the company significantly cut back digital ad spending while focusing on user retention.
Should I hold my Wish stock?
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?
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.
Whats going to happen with WISH?
After growing 34% in fiscal 2020, Wish's revenue fell year-over-year in the second and third quarters of 2021. It expects its revenue to decline sequentially again in the fourth quarter -- even after factoring in holiday sales -- and analysts expect its revenue to drop 17% for the full year.
What happens to 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 long term investment?
Going by the statistics and how the business is operating, it is clear that Wish Stock is not a good investment to make presently. According to Yahoo Finance, the long-term prognosis seems dismal and there are much better stocks to put your money in, even as the market experiences some turbulence.
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.
Is ContextLogic a buy right now?
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. There are currently 3 se...
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) posted its quarterly earnings data on Thursday, May, 5th. The company reported ($0.09) earnings per share for the q...
What price target have analysts set for WISH?
10 Wall Street analysts have issued 1 year price objectives for ContextLogic's stock. Their forecasts range from $2.00 to $9.50. On average, they a...
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...
What is ContextLogic's stock symbol?
ContextLogic trades on the NASDAQ under the ticker symbol "WISH."
Who are ContextLogic's major shareholders?
ContextLogic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.66%...
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.
Wish
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.
About WISH
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Rating
ContextLogic, Inc. engages in the operation of an online marketplace, that include 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.
NASDAQ: WISH
What analysts recommend for this stock, on a scale from 1 (buy) to 5 (sell).
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 Things Stand With ContextLogic
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Where This Leaves ContextLogic
On Aug. 12, ContextLogic reported that revenue fell 6% year-over-year (YoY), a disturbing anomaly for an online e-commerce company. Moreover, the company’s losses skyrocketed to $111 million from negative $11 million last year.
What To Do With WISH Stock
Analysts have become decidedly negative on WISH stock. For example, JPMorgan just downgraded the stock from Overweight to Underweight and lowered its price target from $17 to $5 per share. In addition, four other major brokerage firms made the same switch on Aug. 13 from Overweight to Underweight, according to Yahoo! Finance.
What is the Motley Fool's recommendation for Amazon?
Investors should be careful with WISH stock. I was already too early in calling for it to rise. With the disastrous Q2 results, it looks like it is going to take some time for ContextLogic to get a handle on its growth issues.
What is a wish?
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.
How long does it take for Wish to ship?
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 much of Wish's profit is spent on sales?
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?
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.
Who is John Mackey?
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, ...
How much is Wish worth?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
Why is Wish stock falling?
Currently, WISH has a market cap of just over $5 billion, while it has around $1.8 billion as cash on its balance sheet. This means an enterprise value of around $3.3 billion. Analysts expect ContextLogic to report revenues of $3.2 billion in 2021 and $3.8 billion in 2022.
When did Wish go public?
On a macro level, there has been a sell-off in growth and tech companies which is weighing heavy on WISH stock. Investors have become increasingly apprehensive of growth names especially those which are posting losses and don’t have any clear-cut path to profitability.
