During the last session 33M of ContextLogic Inc.’s (NasdaqGS:WISH) shares were traded. The stock closed at $4.78 per share indicating that it lost -$0.06 or -1.44% during that day which brings the ContextLogic Inc.’s valuation to $2.96B.
The 52-week high for the ContextLogic Inc.’s shares is $32.8500. That puts it -85.45% from that peak and close to a 52-week low of $4.7500, while the S&P 500’s share price change was of 29%.
What does the trading volume tell us about the WISH stock?
During the last trading session, ContextLogic Inc. (NasdaqGS:WISH) has seen decay in its daily volume. The daily volume was of 41M, while in the last 10 days the average was 41.28M and last three months – 41.47M.
The decreasing interest in the WISH stock from the investors is helping to drive the stock price down.
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 2.96B, 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.