ContextLogic Inc., also known by its quote WISH, is a publicly traded company on the NASDAQ that provides e-commerce services. Its most recent market cap of 697 mln USD, as of 3 February 2023, indicates a significant increase from 575 mln USD on 2 February 2023 and 527 mln USD on 1 February 2023. The company has seen a steady rise in its market cap over the last few days, which is likely due to the stock price rising from 0.75 USD per share on 1 February 2023 to 0.9451 USD per share on 3 February 2023 and further increase in its year high of 2.607 USD per share as reported on 26 August 2022.
The average 50-day price for ContextLogic Inc.’s stock is 0.61356 USD per share, while the average 200-day price stands at 1.12195 USD per share - both of which are significantly higher than the current stock price of 0.9451 USD per share, suggesting that there may be room for growth in the near future if the stock can break through these levels. With an EPS of -0.458 and no PE reported as yet, ContextLogic Inc.’s overall financial situation appears to be relatively stable looking ahead into 2023 with some potential for growth if the market conditions improve or their products become more popular amongst their target consumers.
