Is ContextLogic Inc (NASDAQ: LOGC) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Internet Retail industry segment, falling under the Consumer Cyclical sector. The current market capitalization of ContextLogic Inc is $208.74M. A total of 0.14 million shares were traded on the day, compared to an average of 228.48K shares.

In the most recent transaction, Forster Joanna bought 59,520 shares of LOGC for 6.10 per share on Oct 23 ’24. In a previous transaction on May 16 ’24, Just Brett sold 4,369 shares at 5.64 per share. LOGC shares that Chief Financial Officer owns now total 16,701.

Among the insiders who sold shares, Forster Joanna disposed of 16,394 shares on May 02 ’24 at a per-share price of $5.45. This resulted in the General Counsel & CCO holding 39,046 shares of LOGC after the transaction. In another insider transaction, Forster Joanna sold 9,954 shares at $5.37 per share on May 03 ’24. Company shares held by the General Counsel & CCO now total 29,092.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, LOGC has a high of $8.31 and a low of $4.68.

As of this writing, LOGC has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 1.0 estimates, with a high estimate of $0.04 per share and a lower estimate of $0.04.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LOGC’s latest balance sheet shows that the firm has $1.16B in Cash & Short Term Investments as of fiscal 2021. There were $16.00M in debt and $449.00M in liabilities at the time. Its Book Value Per Share was $5.82, while its Total Shareholder’s Equity was $818.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LOGC is Buy with a score of 3.00.

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