ContextLogic (WISH)’s Potential Overweights Its Current Losses


During the last session 36M of ContextLogic Inc.’s (NasdaqGS:WISH) shares were traded. The stock closed at $5.59 per share indicating that it lost -$0.20 or -3.62% during that day which brings the ContextLogic Inc.’s valuation to $3.46B.

The 52-week high for the ContextLogic Inc.’s shares is $32.85. That puts it -82.98% from that peak close to a 52-week low of $5.56, while the S&P 500’s share price change was of 33%.

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 43M, while in the last 10 days the average was 38.48M and last three months – 43.29M.

Shrinking short interest

The ContextLogic Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 24.12M shares being shorted which translates into 1.96 of a short ratio for WISH, while in the previous month the shorted shares were 27.23M.

ContextLogic Inc. (NasdaqGS:WISH)’s financials

With a market cap of 3.46B, ContextLogic Inc. holds a total cash of $1.77B that translates into $2.87 per share, while the total debt is of $48M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 75.50%. The current revenue is of $2.87B that is $11.26 per share.

This is a great sign for a bright future.