ContextLogic Inc., trading under the symbol WISH, is a publicly traded company on the NASDAQ exchange. Its current stock price is 0.7542 and has a market cap of 556.6 mln USD. The company’s share price has seen a 10.2143% drop in the last day, from 0.84 USD to 0.7542 USD per share. ContextLogic Inc.’s 52-week high is 2.58 USD and low is 0.435 USD per share.
Looking at its revenue history, ContextLogic Inc.’s revenue for fiscal year 2021 ending 31st December was 289 mln USD as reported on 1st March 2022, with an estimated revenue of 221.8 mln USD for the same period as of 23rd February 2023; and 125 mln USD reported on 9th November 2022 with no estimated revenue at that time for the quarter ending 30th September 2022; and 0 revenue reported on 9th August 2022 with an estimated revenue of 152 mln USD as of 27th February 2023 for the quarter ended 30th June 2022; and 189 mln USD reported on 5th May 2022 with no estimated revenue at that time for the quarter ended 31st March 2022.
Overall, it can be concluded that ContextLogic Inc.’s revenues have been decreasing in recent quarters due to disruptions caused by Covid-19 pandemic as well as competitive pressures in their markets which have impacted their performance negatively over past few quarters; however, their estimated revenues suggest some recovery in coming months which might help them offset their losses and improve financial condition of the company going forward into future periods
