WISH Stock Forecast 2023, 2024, 2025, 2030 | Cavix
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WISH Stock Forecast 2023, 2024, 2025, 2030

by Cavix   ·  December 12, 2022   ·  

WISH Stock Forecast 2023, 2024, 2025, 2030

by Cavix   ·  December 12, 2022   ·  

ContextLogic Inc. (WISH stock) conducts business as a mobile e-commerce firm internationally, in North America, South America, and Europe. The business runs Wish, an online marketplace that links customers and retailers. Additionally, it offers marketplace and logistics support to retailers.

The business was established in 2010 and has its main office in San Francisco, California. The NASDAQ trades ContextLogic under the ticker “WISH.” Currently, the price of one unit of WISH stock is around $0.62.

ContextLogic (NASDAQ:WISH) produces $2.09 billion in sales annually and has a $417.10 million market capitalization. The business generates net income (profit) of $361,000,000.00 year, or $0.49 per share.

Who Are The Principal Investors In Contextlogic?

Contextlogic (NASDAQ: WISH) is owned by 43.74% individual investors, 34.60% institutional shareholders, and 21.65% company insiders. The largest individual stakeholder in Contextlogic is Founders Fund V Management LLC, which holds 46.74M shares, or 6.90% of the firm. Contextlogic shares owned by Founders Fund V Management LLC are presently valued at $28.79M.

There are 1,218 employees of the business worldwide. Many institutional and individual investors own shares of ContextLogic. Top institutional shareholders include Renaissance Technologies LLC (1.77%), ProShare Advisors LLC (0.68%), GGV Capital LLC (3.84%), State Street Corp (2.02%), BlackRock Inc. (6.01%), Vanguard Group Inc. (6.42%), and GGV Capital LLC (6.01%).

Brett Just, Devang Shah, Hans Tung, Jacqueline D. Reses, Jennifer Oliver, Pai Liu, Peiyen Chuang, Piotr Szulczewski, Rajat Bahri, and Stephanie Tilenius are among the insiders who have WISH stock in the company.

Who Is On The Insider Roster For Contextlogic?

Brett Just, Devang Shah, Hamid Reza Kassaei, Hans Tung, Jacqueline D. Reses, Jennifer Oliver, Pai Liu, Peiyen Chuang, Piotr Szulczewski, Rajat Bahri, Stephanie Tilenius, Tarun Kumar Jain, and Ying Vivian Liu are among the insiders at ContextLogic.

Insiders hold 20.80% of ContextLogic’s shares. In the past 24 months, insiders have sold 34,725,467 shares of ContextLogic for a value of $197,743,931.71.

Selling Of 88,000 Shares Of Contextlogic Inc. Stock By Tarun Kumar Jain

Insider Tarun Kumar Jain sold 88,000 units of WISH stock in a transaction that took place on Friday, December 2. For a total transaction value of $60,720.00. The WISH stock was sold at a standard value of $0.69. The director directly owns 201,764 shares in the business, valued at $139,217.16, after the sale.

Tuesday’s midday trading saw a $0.07 decline in the price of NASDAQ:WISH shares, which reached $0.64. Compared to its usual volume of 17,584,090, the market had a trading activity of 26,490,516 shares. ContextLogic Inc.’s 12-month range includes a minimum of $0.63 and a high of $3.95. The company’s 50-day and 200-day moving averages are $0.75 and $1.26, respectively.

On November 9th, ContextLogic (NASDAQ:WISH – Get Rating) released its most recent quarterly earnings report. The company’s ($0.15) EPS for the month was $0.01 higher than the ($0.16) average estimate. In contrast to the consensus forecast of $119.04 million, the company’s revenue for the quarter was $125.00 million.

Who Are WISH Competitors?

The top rivals of ContextLogic are Lulu’s Fashion Lounge (LVLU), Hour Loop (HOUR), Qurate Retail (QRTEA), and MYT Netherlands Parent B.V. They are also Stitch Fix (SFIX), Jumia Technologies (JMIA), Highland Transcend Partners I (HTPA), a.k.a. Brands (AKA), 1stdibs.Com (DIBS), D-Market Elektronik Hizmetler (MYTE). The “retail/wholesale” sector includes all of these businesses.

ContextLogic is preferred by analysts over other Retail/Wholesale companies. ContextLogic has a moderate buy consensus rating, compared to a hold consensus rating for wholesale and retail businesses.

Users prefer other Retail/Wholesale firms more than ContextLogic. ContextLogic received an outperform vote from 54.24% of users versus an average level 64.69% for retail/wholesale businesses.

Contextlogic (NASDAQ:WISH) And Stitch Fix (NASDAQ:SFIX)

The current consensus target price for ContextLogic is $3.85, indicating a possible upside of 524.90%. The $6.28 consensus target price for Stitch Fix indicates a possible upside of 61.76%. Analysts firmly feel ContextLogic is superior to Stitch Fix due to its larger prospective upside and higher consensus rating. When MarketBeat users reviewed Stitch Fix and ContextLogic, Stitch Fix got 627 more votes for outperformance.

Similar to how only 54.24% of users awarded ContextLogic an outperform vote, 60.18% of people gave Stitch Fix an exceed vote. Institutional shareholders hold 37.4% of the outstanding shares of ContextLogic. In contrast, institutional investors hold 73.4% of the stock of Stitch Fix. Insiders currently own 20.8% of the shares in ContextLogic. Insiders currently own 28.5% of the shares of Stitch Fix.

Solid organizational ownership is a sign that endowments, hedge funds, and huge money managers expect a company to outperform the market in the long run. With a beta of 0.97, ContextLogic’s share value is 3% less volatile than that of the S&P 500. Stitch Fix’s stock value is 89% more unpredictable than the S&P 500, according to its beta, which is 1.89 in comparison.

When Contextlogic Went Public?

When Contextlogic Went Public?

ContextLogic’s first public offering (IPO) garnered $1.1 billion on Wednesday, December 16, 2020 (WISH). At a price of $22.00 to $24.00 per share, the corporation issued 46,000,000 shares. The IPO was underwritten by Goldman Sachs & Co., J.P. Morgan, and BofA Securities, and co-managed by Citigroup, Deutsche Bank Securities, UBS Investment Bank, RBC Capital Markets, and Credit Suisse.

There are now 677,000,000 shares of Contextlogic outstanding. The market capitalization of WISH stock, which is currently selling at $0.62 per unit, is $417.03M.

The initial listing price for WISH stock was $20.05 on December 16, 2020. Your return over the past year would have been -96.93% if you had purchased WISH stock at $20.05, for an annualised rate of -96.93%.

How Did Last Quarter’s Results For Contextlogic Fare?

On November 9th, ContextLogic Inc. (NASDAQ:WISH) released its most recent quarterly results information. The company’s ($0.15) per-share earnings (EPS) for the month were $0.01 higher than analysts’ ($0.16) consensus projections.

During the quarter, the company generated $125 million in revenue as opposed to the consensus expectation of $119.04 million.  ContextLogic had such a negative net margins of 45.05% and a negative 12 months ended equity return of 35.41%.

(WISH on NASDAQ) The 52 week high and low of Contextlogic were $3.65 and $0.60 respectively. Currently, it is 2.16% away from its 52 week low and 83.12% away from its 52 week high. The price of WISH stock at the beginning of the year was $3.11. WISH stock has dropped by 80.2% since then and is currently trading at $0.6161. On Tuesday, March 7th 2023, the company is set to make its next quarterly results statement.

Is It Time To Buy Or Sell Contextlogic Stock At The Moment?

ContextLogic has received “buy,” “hold,” and “sell” evaluations from 2 Wall Street research analysts in the previous 12 months. For the WISH stock, there is presently 1 hold rating and 1 buy rating. Wall Street research experts generally agree that investors should “buy” WISH shares.

WISH’s Cashflows And Balance Sheet Are Examined

wish price forecast

Passed Health Checks: The WISH stock balance sheet has greater short-term resources than short-term liabilities. On the balance sheet of WISH, short-term assets outnumber long-term liabilities.

WISH has a 365000000 dollar cash burn. It has at least a year’s worth of coverage in the form of cash and short-term investments. WISH stock has cash and short-term investments of $837.00M. This is sufficient to fund its $365.00M yearly cash burn.

Failed Health Checks: WISH stock has a ratio of debt to equity of 0.59, which is comparatively high. In the last year, WISH’s profit margin has decreased from -33.7% to -45%.

What Is The Average Opinion And Price Target For Contextlogic?

According to two Wall Street analysts who have predicted WISH stock prices for the next year, the average price estimate is $3.85, with the biggest prediction for the stock being $5.70 and the lowest being $2.00.

By November 10, 2023, on average, Wall Street analysts expect Contextlogic’s share price to reach $3.85. The typical Contextlogic stock price projection predicts a possible increase from the current share price of $0.62 for WISH of 525%.

WISH Analyst Ratings Most Recently Released

On November 10, 2022, Stephen Ju, the bottom 1% researcher from Credit Suisse, lowers their price objective for WISH from $7.20 to $5.70 while maintaining a buy recommendation.

On March 22, 2022, Laura Champine, a high 15% researcher from Loop Capital, downgrades WISH to an asset and decreases their $2.00 price target.

WISH Stock Forecast 2022

In 2022, Contextlogic will earn -$332,000,000. The lowest WISH stock forecast is -$467,130,000, and the maximum WISH stock forecast is -$399,430,000. On average, 2 analysts on Wall Street expect WISH to earn -$433,280,000 in 2022.

In 2022, Contextlogic will earn $737,000,000 in revenue. WISH’s revenue is expected to total $426,029,330,000 in 2022 on average, according to 1 Wall Street analysts, with $426,029,330,000 being both the lowest and highest WISH stock forecast figures.

The present Earnings Per Share (EPS) for Contextlogic is $0.48. WISH’s EPS is expected to be -$0.64 on average in 2022, with the correct figure coming in at -$0.69 and the highest at -$0.59.

WISH Stock Forecast 2023

The minimum WISH stock forecast is -$379,120,000, and the maximum WISH stock forecast is -$257,260,000. On average, 2 Wall Street forecasters expect WISH to earn -$318,190,000 in 2023.

WISH’s revenue is expected to total $520,558,840,000 in 2023 on average, according to 1 Wall Street analysts, with the lowest and highest estimates both coming in at $520,558,840,000.

WISH’s EPS are expected to be -$0.47 on average in 2023, with the correct figure coming in at -$0.56 and the highest at -$0.38.

WISH Stock Forecast 2024

wish stock forecast

WISH is anticipated to make -$135,400,000 in 2024, with the minimum WISH stock forecast being -$135,400,000 and the maximum estimate being -$135,400,000.

WISH stock forecast is expected to earn $612,062,160,000 in revenue in 2024, with the lowest and greatest estimates being $612,062,160,000 and $612,062,160, respectively.

(NASDAQ: WISH) is expected to have a ROA of 75.06%, which is greater than the anticipated average for the US Internet Retail sector of 28.16%. WISH’s EPS is anticipated to drop to -$0.20 in 2024. (NASDAQ: WISH) is expected to have a great ROE of 119.12%.

WISH Stock Forecast 2025

In January 2025, the weighted mean target price for each ContextLogic share is 0.53. Momo shares will have positive dynamics in January, with potential monthly volatility of 13.546% being anticipated.

In March 2025, the weighted mean target price for a WISH stock forecast is 0.54. Momo share price dynamics will be negative in March, with potential quarterly volatility of 9.502% being predicted. ContextLogic’s weighted mean target price for each share is 0.52 in June 2025.

Momo shares will continue to exhibit favorable dynamics in June, with potential quarterly volatility of 16.442% being anticipated. In December 2025, the rolling average target price for a ContextLogic share is 0.76. Dec will see Momo shares’ favorable dynamics prevail, with potential monthly volatility of 14.671%.

WISH Stock Forecast 2026

In January 2026, the weighted mean target price for a WISH stock forecast is 0.76. Momo share price dynamics will be in favor in January, with potential quarterly volatility of 16.692% being anticipated. In May 2026, the weighted mean target price for a ContextLogic share is 0.86.

Momo share dynamics will be negative in May, with potential monthly movement of 15.201% predicted. In August 2026, the total average target price for a ContextLogic share is 0.86. Momo share price dynamics will be in favor in August, with a potential quarterly volatility of 18.289% being anticipated.

Dec 2026: 0.86 is the weighted average projected price per ContextLogic share. Dec will see Momo share dynamics remain bullish, with a potential quarterly volatility of 9.716% anticipated.

2026 And Beyond, Establishing A Tenable Position

WISH stock forecast may be able to carve out a defendable niche by 2026 if it can get over its short-term obstacles and assemble new alliances to broaden its moat.

If that occurs, investors who purchase the stock now for less than one year’s worth of sales could reap significant rewards over the following five years.

However, WISH is still inexpensive right now for obvious reasons, therefore I believe investors should keep away from its bruised stock until some signs of life start to emerge.

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