Shares of ContextLogic Slip 2.10% Despite Positive Trading Session on Wall Street
May 14, 2023
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CONTEXTLOGIC ($NASDAQ:WISH): Despite a largely positive trading session on Wall Street, shares of ContextLogic Inc. (CONTEXT) were down 2.10% to $7.47 on Friday. ContextLogic Inc. is an online marketplace and e-commerce company that offers a broad range of products and services to customers around the world.
It operates a number of popular brands, including Wish, Geek, Home and Cute, as well as AliExpress, a global retail marketplace. Despite its impressive growth, ContextLogic Inc.’s shares have been volatile over the past few months, with Friday’s 2.10% drop being the latest example.
Analysis
At GoodWhale, we conducted an analysis of CONTEXTLOGIC INC‘s fundamentals and found that it is rated as a medium risk investment. This rating is based on both the financial and business aspects of the company. We also detected two risk warnings in the income sheet and balance sheet of CONTEXTLOGIC. These warnings should be taken into consideration when evaluating this company as an investment. To get more detailed information about the risk warnings and our analysis, please register with us. 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
Investing analysis of ContextLogic Inc. on Friday showed a slight decline of 2.10%, with the stock price closing at $7.47. Despite this, the trading session overall was positive and in line with the S&P 500. Investors may want to watch ContextLogic’s performance in the near future to assess whether this decline was a temporary market fluctuation or a sign of more serious issues. Analysts should also consider the company’s financial and operating performance, current trend in the industry, and competitor analysis to make informed decisions about investing in ContextLogic Inc.
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