ContextLogic Inc. (WISH)

NASDAQ: WISH · IEX Real-Time Price · USD
6.54
+0.04 (0.62%)
At close: Mar 1, 2024, 4:00 PM
6.45
-0.09 (-1.38%)
After-hours: Mar 1, 2024, 7:54 PM EST
0.62%
Market Cap 158.46M
Revenue (ttm) 357.00M
Net Income (ttm) -359.00M
Shares Out 24.01M
EPS (ttm) -15.36
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 726,527
Open 6.46
Previous Close 6.50
Day's Range 6.37 - 6.55
52-Week Range 3.55 - 15.72
Beta 1.98
Analysts Hold
Price Target 5.60 (-14.37%)
Earnings Date Mar 4, 2024

About WISH

ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California. [Read more]

Industry Internet Retail
IPO Date Dec 16, 2020
Employees 750
Stock Exchange NASDAQ
Ticker Symbol WISH
Full Company Profile

Financial Performance

In 2022, ContextLogic's revenue was $571.00 million, a decrease of -72.61% compared to the previous year's $2.09 billion. Losses were -$384.00 million, 6.37% more than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for WISH stock is "Hold." The 12-month stock price forecast is $5.6, which is a decrease of -14.37% from the latest price.

Price Target
$5.6
(-14.37% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Wish to Announce Fourth Quarter and Full Year 2023 Results on March 4, 2024

SAN FRANCISCO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced it will report its fourth quarter and full year 2023 fi...

5 days ago - GlobeNewsWire

Wish Launches Trade-In Program on Old Tech Through Partnership with Remarketed

SAN FRANCISCO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced the launch of a much-anticipated...

6 days ago - GlobeNewsWire

Shareholder Alert: Ademi LLP investigates whether ContextLogic Inc. (Wish) has obtained a Fair Price in its transaction with Qoo10

MILWAUKEE , Feb. 13, 2024 /PRNewswire/ -- Ademi LLP is investigating ContextLogic (Wish) (NASDAQ: WISH)  for possible breaches of fiduciary duty and other violations of law in its transaction with Qoo...

19 days ago - PRNewsWire

Wish's deep discount sale to Singapore's Qoo10 ramps up competition for Temu and Shein

Wish's new owner faces steep competition from Chinese discount retailers Temu and Shein, which have been on an ad-spending blitz to attract American shoppers.

20 days ago - CNBC

ContextLogic to Sell Wish eCommerce Platform to Qoo10

ContextLogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its eCommerce platform Wish, to Qoo10, an eCommerce platform operating in Asia....

20 days ago - PYMNTS

WISH Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of ContextLogic Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of substantially all of ContextLogic Inc.'s (NASDAQ: WISH) operating assets and liabilities,...

20 days ago - Business Wire

What made $WISH stock (ContextLogic) soar 45% on Monday?

ContextLogic Inc (NASDAQ: WISH) just announced a $173 agreement with a Southeast Asian company. Its shares are up 45% at writing.

20 days ago - Invezz

ContextLogic Announces Agreement to Sell Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 for $173 Million in Cash

Purchase Price Represents Approximately $6.50 Per Share, a 44% Premium ContextLogic to Remain a s P u blicly Listed Entity, Preserv ing ~$2.7 Billion of Net Operating Losses (NOLs) Board Exploring Opp...

20 days ago - GlobeNewsWire

Shareholders of ContextLogic Demand More Shareholder Representation on the Board

Alta, Wyoming--(Newsfile Corp. - December 10, 2023) - Cannell Capital LLC ("Cannell Capital") has been a patient, long-term oriented shareholder of ContextLogic, Inc. ("WISH"). ContextLogic, Inc. oper...

3 months ago - Newsfile Corp

ContextLogic (WISH) stock: survival at risk amid Temu, Shein surge

ContextLogic (NASDAQ: WISH) stock price has crashed close to a record low as concerns about the company continues. The shares plunged to a low of $5, which is over 99% below its all-time high.

3 months ago - Invezz

GameStop, AMC, AITX, WISH, Clover stocks could be in for a ride

The meme coin craze that happened in 2021 ended as was expected. Most stocks that surged at the time nosedived, with Bed Bath and Beyond and Lordstown Motors filing for bankruptcy.

Other symbols: AMCGME
3 months ago - Invezz

Wish Further Expands its Logistics as a Service (LaaS) Arm with the Launch of ‘WishPost Smart Parcel'

SAN FRANCISCO, Nov. 15, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, this week announced the launch of WishPost Smart...

3 months ago - GlobeNewsWire

Rescue WISH Announces Its Intent to Support Dissident Slate at ContextLogic Annual Meeting

Alta, Wyoming--(Newsfile Corp. - November 9, 2023) - Cannell Capital LLC supports Rescue WISH. Rescue WISH is dedicated to maximizing shareholder value and improving corporate governance at ContextLog...

4 months ago - Newsfile Corp

Wish Reports Third Quarter 2023 Financial Results; Initiates a Process to Explore a Range of Strategic Alternatives

SAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter and ...

4 months ago - GlobeNewsWire

WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile e-commerce platforms, today announced, as required by Nasdaq Listing R...

4 months ago - GlobeNewsWire

Wish Releases Inaugural ‘Anti-Counterfeiting Report' as it Continues to Crack Down on Counterfeiters

SAN FRANCISCO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, is proud to announce the release of its inaugural...

4 months ago - GlobeNewsWire

Shareholders of ContextLogic Decry Destructive Actions of Board of Directors

Alta, Wyoming--(Newsfile Corp. - November 2, 2023) - On October 10, 2023, Dave Pointer, the Chairman of Rescue WISH, requested that the WISH Board of Directors sell its money-losing operating business...

4 months ago - Newsfile Corp

Wish Partners with French Ecommerce SaaS Business Octopia to Further Expand its European Merchant Base

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, this week announced an agreement with French ecom...

4 months ago - GlobeNewsWire

Shareholders of ContextLogic Seek Return of Cash

Alta, Wyoming--(Newsfile Corp. - October 10, 2023) - Cannell Capital LLC, through its organization Rescue WISH, releases the following statement:   David Pointer, the Chairman of Rescue WISH, today ca...

5 months ago - Newsfile Corp

Wish to Announce Third Quarter 2023 Results on November 7, 2023

SAN FRANCISCO, Oct. 10, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced it will report its third quarter ...

5 months ago - GlobeNewsWire

Shareholders of ContextLogic Demand Change to Board

Alta, Wyoming--(Newsfile Corp. - September 27, 2023) - In line with the deadline proposed in its September 19, 2023, press release, Cannell Capital LLC announces today the formation of "Rescue WISH" t...

5 months ago - Newsfile Corp

Wish Joins Forces with PUDO Inc. to Elevate Online Shopping Convenience for U.S. and Canada Shoppers

SAN FRANCISCO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced a partnership agreement with No...

5 months ago - GlobeNewsWire

Cannell Capital LLC Urges Board of Directors of ContextLogic to Cease Operations and Return Company's Cash to Shareholders

Alta, Wyoming--(Newsfile Corp. - September 20, 2023) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, sent the following letter to CEO Jun "Joe" Yan of ContextLogic Inc. on September 19...

5 months ago - Newsfile Corp

2 Tech Stocks to Buy and One to Avoid in August

Earnings season is always an important time for investors. This is because earnings growth (i.e.

Other symbols: AMZNMSFT
7 months ago - MarketBeat

Wish Reports Second Quarter 2023 Financial Results

SAN FRANCISCO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter and ...

7 months ago - GlobeNewsWire