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 company is working to bring down marketing costs, which could really accelerate its growth and bring it to the forefront of the e-commerce market. To date, analysts have a $7.56 target price for CONTEXTLOGIC stock stock. The ContextLogic platform provides a new way to deliver high-quality products at affordable prices. The possibility of a short squeeze combined with strong fundamentals and attractive valuations makes WISH stock a good buy.
ContextLogic will start 2030 at $13.58, then soar to $13.86 within the first half of the year, and finish 2030 at $14.15. In this period, the ContextLogic price would rise from $13.56 to $16.99, which is +25%. ContextLogic will start 2030 at $13.56, then soar to $13.84 within the first half of the year, and finish 2030 at $14.13.
ContextLogic MarketRank™ Forecast
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Even if this stock is down, at $7, it’s still potentially even of a bargain than it was a few months ago. The average analyst rating for ContextLogic stock from 4 stock analysts is “Sell”. This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
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Additionally, strategic partnerships or acquisitions could bolster the company’s position in the e-commerce industry. It’s important for investors to monitor changes in government policies and technological advancements closely, as these can significantly influence the stock price. We forecast ContextLogic stock performance using neural networks based on historical data on ContextLogic stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
But in the first nine months of the year, the net loss widened to $303m from $176m. However, the latest earnings report showed things are slowing down. As people return to pre-pandemic activities, they are spending less time on the ContextLogic’s app.
ContextLogic (WISH) Monthly Stock Prediction for 2026
But both stocks fell off a cliff as fast as they climbed, losing half their value only weeks after peaking. That’s because these stocks were really driven by hype and not much else. Today 200 Day Moving Average is the resistance coincpex level (14.24 $). Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account. Financhill is not an investment advisor and is not registered with the U.S.
ContextLogic will start 2030 at $21.28, then soar to $21.72 within the first half of the year, and finish 2030 at $22.18. In this period, the ContextLogic price would rise from $13.57 to $17.00, which is +25%. ContextLogic will start 2030 at $13.57, then soar to $13.85 within the first half of the year, and finish 2030 at $14.14. In this period, the ContextLogic price would rise from $13.58 to $17.01, which is +25%.
It’s 83, mostly positive threads, account for 8.2% of the retail investor subs overall activity. WallStreetBets traders have acted as a cohort and helped trigger a rally in several stocks like AMC Entertainment, GameStop, Zomedica, and Sundial Growers. Most of the companies targeted by WallStreetBets capitalized on the rally and issued new shares in a frenzy. The evolution of AI and machine learning technology could also impact the stock price. Given that ContextLogic is integrating AI into its operations, advancements in this area could enhance its platform, providing a competitive edge and potentially influencing investor sentiment positively.
- It also recently announced that it would lay off about 17% of its workforce.
- Finally, ContextLogic’s chief executive officer Piotr Szulczewski stepped down on the same day as Liu’s appointment as CFO.
- © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
- The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 12th 2023.
The revenue was reported on a negative free cash flow in the January to September 2021 period, which stood at $903m, swinging from a positive free cash flow of $23m a year earlier. The stock hit an all-time high of $31.19 on 1 February 2021 but has been gradually slipping since then, owing to its declining profitability through the first nine months of the year. At the time of writing, on 31 January 2022, the stock price stood at $2.31. ContextLogic’s shares plunged by 92.4% over a 12-month period to 27 January 2022, and the Nasdaq Composite, where the stock is listed, edged up nearly 1% during the same period. The company had a market capitalisation of $1.48bn as of 31 January, according to CompaniesMarketCap. Chaos hit the market when Robinhood traders found out they could buy up heavily shorted stocks and force short sellers to buy them back at higher and higher prices.
This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier. Ju adjusted the rating following ContextLogic’s first-quarter results. ContextLogic reported a Q1 EPS of ($0.09), which was $0.05 better than analyst estimates of ($0.14). And the revenue for the quarter was $189 million compared to the consensus estimate of $212.19 million. Many Americans have grown accustomed to purchasing low-cost goods, a dynamic that affects people of all economic levels. ContextLogic, as trading expert Larry Ramer points out, is mainly focused on emerging nations, which should drive development.
If volatility is seen in the stock due to the rise in the market, then there can be a rise in the stock. In such a situation, the maximum price target of Wish stock can be seen from $20 to $25. Given the data, it appears that the company’s business segments aren’t exactly profitable. This lack of profitability could be the primary reason behind the stock price’s decline of more than 92% over the past year. Forty-six million shares from the December IPO were unlocked that month. That could have diluted the stock price to where it is today and potentially priced it lower than its actual value.
Sales & Book Value
At the same time, its heavy dependence on China backfired as the region’s zero-COVID lockdowns disrupted its overseas shipments. According to the technical analysis of Wish stock, the price is currently down 65% from its fair valuation. Looking at the past performance of Wish stock, the downtrend may continue. This year, the sales of the company have also seen a 70% decline.