What happened to wish stock?
A year ago, WISH stock was marking its debut on the Nasdaq Exchange, via an IPO that priced it at $24 per share. Source: sdx15 / Shutterstock.com Today the shares of the e-commerce company which operates the Wish.com platform trade for around $3.10 per share, a drop of well over 80%.
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.
What is the price range for wish stock?
They currently hover around $3.30. About a year ago, WISH stock made its public debut through an initial public offering (IPO) at $24 per share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, the early I
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.
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 bear case for Wish Now, Wall Street expects revenue to decrease by 11.5% to $2.25 billion in 2021. Sales growth is forecast to remain tepid in 2022 and is expected to rise by a marginal 0.6% year-over-year.
Is Wish a good stock to hold?
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?
Should I buy ContextLogic stock?
There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ContextLogic stock.
Is Amazon going to 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).
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.
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 Stock Analysis
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.
Disappointing Q3 Earnings for Wish Stock
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.
The Turnaround Strategy
Not only did the company announce its CEO is leaving, but their Q3 result shows the marketplace is losing ground.
Wish Stock Forecast – Where Do We Go From Here?
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:
Digital Treasure Hunt and WISH Stock
With Wish stock down 80% this year, will it sink lower? Or, will it finally break out of its downtrend?
Weak Stock Price Performance
ContextLogic, which operates Wish.com, has an intriguing business model. It essentially serves as a sort of online flea market or dollar store.
WISH Stock Verdict
Wish may have waited a quarter too long to perform its initial public offering (IPO). By the time WISH stock started trading in December 2020, traders were already selling e-commerce stocks to buy economic reopening trades.
What is a wish?
A lot of traders are wishing that they had sold ContextLogic stock during the big run-up last week. The move from $8 up to $15 in a couple of days was quite a remarkable one indeed. Profit-takers have sent the stock back down significantly since then.
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.
What is the Motley Fool's recommendation for Amazon?
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.
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.
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.
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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, ...
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