ContextLogic Stock Slips 8.56% to $8.55 on Mixed Trading Session
July 20, 2023
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CONTEXTLOGIC ($NASDAQ:WISH): ContextLogic Inc. is a technology company based in San Francisco that specializes in e-commerce services for businesses and consumers. Despite its success, the company’s stock slipped 8.56% on Friday to $8.55 as the broader market weakened. The Dow Jones Industrial Average fell 0.14% to 31,430.23 and the S&P 500 index closed 0.02% lower at 3,906.23, making it a mixed trading session for stocks. The decline in ContextLogic Inc.’s share price comes at a time when investors are looking for more clarity in the markets.
With continued uncertainty surrounding the US economy and the potential for additional stimulus measures from the Federal Reserve, investors are looking for signs of stability before committing to stocks. Furthermore, the company’s performance will need to remain strong to make up for Friday’s drop. Investors will be keenly monitoring the stock performance in the coming sessions to determine whether it was an anomaly or a sign of further losses.
Analysis
At GoodWhale, we help investors make informed decisions by analyzing the fundamentals of companies. We recently ran an analysis on CONTEXTLOGIC INC and the results show that it is a medium risk investment in terms of financial and business aspects. Our Risk Rating tool takes into consideration multiple factors to determine the overall risk level, such as the company’s debt-to-equity ratio, cash flow, and other financial metrics. In addition, our system has detected two risk warnings in both CONTEXTLOGIC INC’s income statement and balance sheet. To get access to this information and learn more about our Risk Rating system, we invite you to register with us. We’re confident that you’ll be able to make more informed investments decisions with GoodWhale. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Contextlogic Inc. More…
| Total Revenues | Net Income | Net Margin |
| 478 | -413 | -86.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Contextlogic Inc. More…
| Operations | Investing | Financing |
| -368 | 18 | -25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Contextlogic Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 693 | 282 | 17.65 |
Key Ratios Snapshot
Some of the financial key ratios for Contextlogic Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -33.0% | – | -89.7% |
| FCF Margin | ROE | ROA |
| -77.0% | -60.4% | -38.7% |
Peers
There is intense competition between ContextLogic Inc and its competitors: eBay Inc, Amazon.com Inc, MercadoLibre Inc. All of these companies are vying for a share of the online marketplaces industry. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to use.
– eBay Inc ($NASDAQ:EBAY)
eBay Inc. is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today, it is a multibillion-dollar business with operations in about 30 countries.
– Amazon.com Inc ($NASDAQ:AMZN)
Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has a market cap of 1.05T and ROE of 6.29%. Amazon was founded by Jeff Bezos in 1994, and it has since grown to become one of the most valuable companies in the world. The company’s success has been fueled by its focus on innovation and customer service. Amazon has developed a number of groundbreaking technologies, including Amazon Web Services, Kindle, and Alexa. Amazon has also been a leader in customer satisfaction, with its customer service rated as the best in the US by the American Customer Satisfaction Index.
– MercadoLibre Inc ($NASDAQ:MELI)
MercadoLibre is a leading e-commerce platform in Latin America. It has a market cap of $44.39B as of 2022 and a return on equity of 23.4%. The company enables businesses and consumers to connect and trade through its marketplace platform. MercadoLibre also offers payments, logistics, and advertising solutions.
Summary
Investment analysts have recently assessed ContextLogic Inc., concluding that shares of the company underperformed on Friday compared to their peers. The stock price dropped 8.56% to $8.55, making it one of the worst-performing companies on the day. Despite the decrease, there were indications that investors see potential in ContextLogic, as the stock moved higher during the same session. Going forward, investors will be keeping an eye on ContextLogic’s performance and any developments that could affect its stock price.
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