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ContextLogic Inc (LOGC) – Don’t Be So Quick to Call it Dead

ContextLogic Inc (NASDAQ: LOGC) is -4.20% lower on its value in year-to-date trading and has touched a low of $3.55 and a high of $9.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LOGC stock was last observed hovering at around $5.55 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $5.70, the stock is 2.93% and 0.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 2.70% at the moment leaves the stock 7.91% off its SMA200. LOGC registered -28.93% loss for a year compared to 6-month loss of 8.16%.

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The stock witnessed a 12.65% gain in the last 1 month and extending the period to 3 months gives it a -12.04%, and is 7.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.52% over the week and 6.03% over the month.

ContextLogic Inc (LOGC) has around 452 employees, a market worth around $139.59M and $221.00M in sales. Profit margin for the company is -129.86%. Distance from 52-week low is 60.48% and -42.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-170.83%).

The EPS is expected to grow by 80.91% this year

The shares outstanding are 24.23M, and float is at 20.64M with Short Float at 19.38%.

ContextLogic Inc (LOGC) Insider Activity

The most recent transaction is an insider sale by Forster Joanna, the company’s General Counsel & CCO. SEC filings show that Forster Joanna sold 9,954 shares of the company’s common stock on May 03 ’24 at a price of $5.37 per share for a total of $53493.0. Following the sale, the insider now owns 29092.0 shares.

ContextLogic Inc disclosed in a document filed with the SEC on May 03 ’24 that Just Brett (Chief Financial Officer) sold a total of 5,720 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $5.41 per share for $30962.0. Following the transaction, the insider now directly holds 12450.0 shares of the LOGC stock.

Still, SEC filings show that on May 02 ’24, Forster Joanna (General Counsel & CCO) disposed off 16,394 shares at an average price of $5.45 for $89331.0. The insider now directly holds 39,046 shares of ContextLogic Inc (LOGC).

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