ContextLogic Inc (NASDAQ: LOGC) is -2.52% lower on its value in year-to-date trading and has touched a low of $3.55 and a high of $6.95 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 $5.67 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $5.80, the stock is 8.25% and 7.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.57 million and changing 2.29% at the moment leaves the stock 4.98% off its SMA200. LOGC registered 40.44% gain for a year compared to 6-month loss of -1.36%. The firm has a 50-day simple moving average (SMA 50) of $5.4058 and a 200-day simple moving average (SMA200) of $5.526175.
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The stock witnessed a 11.97% gain in the last 1 month and extending the period to 3 months gives it a 0.43%, and is 5.84% 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 3.52% over the week and 3.15% over the month.
ContextLogic Inc (LOGC) has around 452 employees, a market worth around $152.37M and $151.00M in sales. Profit margin for the company is -145.70%. Distance from 52-week low is 63.30% and -16.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-142.86%).
The EPS is expected to grow by 76.62% this year
127.0 institutions hold shares in ContextLogic Inc (LOGC), with institutional investors hold 53.96% of the company’s shares. The shares outstanding are 24.23M, and float is at 22.10M with Short Float at 14.18%. Institutions hold 51.95% of the Float.
ContextLogic Inc (LOGC) Insider Activity
The most recent transaction is an insider sale by Just Brett, the company’s Chief Financial Officer. SEC filings show that Just Brett sold 4,369 shares of the company’s common stock on May 16 ’24 at a price of $5.64 per share for a total of $24642.0. Following the sale, the insider now owns 16701.0 shares.
ContextLogic Inc disclosed in a document filed with the SEC on May 02 ’24 that Forster Joanna (General Counsel & CCO) sold a total of 16,394 shares of the company’s common stock. The trade occurred on May 02 ’24 and was made at $5.45 per share for $89331.0. Following the transaction, the insider now directly holds 39046.0 shares of the LOGC stock.
Still, SEC filings show that on May 03 ’24, Forster Joanna (General Counsel & CCO) disposed off 9,954 shares at an average price of $5.37 for $53493.0. The insider now directly holds 29,092 shares of ContextLogic Inc (LOGC).
