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ContextLogic Inc. (WISH): Is this the Most Sought-After Stock Today?

Let’s start up with the current stock price of ContextLogic Inc. (WISH), which is $0.89 to be very precise. The Stock rose vividly during the last session to $1.00 after opening rate of $0.999 while the lowest price it went was recorded $0.93 before closing at $0.93.Recently in News on September 20, 2022, Wish to Continue Withhold to Cover Process to Reduce Share Dilution From Restricted Share Units (RSUs) and Employee Option Awards. ​ContextLogic Inc. (d/b/a Wish or the “Company”) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, announced today that the company will continue its Withhold to Cover process on the settlement of restricted share units (RSUs) and option exercises. This treatment reduces the otherwise additional dilutive effect of RSU settlements and options exercises through the Company’s use of cash to cover employees withholding tax requirements. The Company made this switch in the second quarter of 2022 to stem the overall dilution otherwise caused by the previous treatment which sold a portion of shares in the open market to cover employees’ taxes. You can read further details here

ContextLogic Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.2600 on 01/03/22, with the lowest value was $0.8850 for the same time period, recorded on 09/22/22.

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ContextLogic Inc. (WISH) full year performance was -84.03%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ContextLogic Inc. shares are logging -85.93% during the 52-week period from high price, and -2.46% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.91 and $6.31.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 6964818 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the ContextLogic Inc. (WISH) recorded performance in the market was -69.96%, having the revenues showcasing -50.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 683.43M, as it employees total of 1218 workers.

The Analysts eye on ContextLogic Inc. (WISH)

During the last month, 0 analysts gave the ContextLogic Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.5517, with a change in the price was noted -0.81. In a similar fashion, ContextLogic Inc. posted a movement of -47.59% for the period of last 100 days, recording 13,832,016 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WISH is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical rundown of ContextLogic Inc. (WISH)

Raw Stochastic average of ContextLogic Inc. in the period of last 50 days is set at 0.58%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.19%. In the last 20 days, the company’s Stochastic %K was 5.44% and its Stochastic %D was recorded 5.20%.

Considering, the past performance of ContextLogic Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -69.96%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -59.91%, alongside a downfall of -84.03% for the period of the last 12 months. The shares increased approximately by -15.08% in the 7-day charts and went up by -31.32% in the period of the last 30 days. Common stock shares were lifted by -50.05% during last recorded quarter.

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