ContextLogic (WISH) Stock Is Very Undervalued at this Level

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The WISH stock price fluctuated between $5.82 and $6.25 throughout the trading session with the volume trading being 44M shares, which represented a negative variation when compared to the three months average volume of 59M shares.

The share price of ContextLogic Inc. (NasdaqGS:WISH) dipped -3.62% to close Wednesday’s market session at $5.85, lower as compared to yesterday’s close which brings the market valuation of the company to $3.67B.

The 52-week high for the ContextLogic Inc.’s shares is $32.85. That puts it -82.19% from that peak and very close to its 52-week low of $5.82, while the S&P 500’s share price change was of 31.43%.

What does the trading volume tell us about the WISH stock?

During the last trading session, ContextLogic Inc. (NasdaqGS:WISH) has seen growth in its daily volume. The daily volume was of 59M, while in the last 10 days the average was 37.51M and last three months – 59.49M.

Shrinking short interest

The ContextLogic Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 26.87M shares being shorted which translates into 0.58 of a short ratio for WISH, while in the previous month the shorted shares were 29.12M.

ContextLogic Inc.’s (NasdaqGS:WISH) financials

With a market cap of 3.67B, ContextLogic Inc. holds a total cash of $1.57B that translates into $2.51 per share, while the total debt is of $45M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -6.40%. The current revenue is of $2.83B that is $7.36 per share.

This is a not so good sign for the future.