ContextLogic (WISH, $9.41) shares drop, after disappointing Q2 results
Shares of ContextLogic fell, after the company reported a wider than expected net loss for the second-quarter.
The parent of the Wish mobile e-commerce platform incurred a loss of -18 cents a share in the quarter, compared with a loss of a dime a share in the year-earlier quarter. Analysts polled by FactSet expected a GAAP net loss of -13 cents a share.
Revenue fell to $656 million in the quarter, vs. $701 million in the year-ago quarter. Analysts surveyed by FactSet expected $722.9 million.
ContextLogic indicated in a letter to shareholders that as economies reopened, the numbers of buyers installing and using the company's app decreased more than the company expected.
The year-ago comparison was difficult since the pandemic was a tailwind to the company as more people shopped online and brick-and-mortar stores were closed.
Momentum Indicator for WISH turns negative, indicating new downward trend
WISH saw its Momentum Indicator move below the 0 level on May 05, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 20 similar instances where the indicator turned negative. In 20 of the 20 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Current price $1.54 is above $-26.39 the highest resistance line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -26% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -4%.
The Moving Average Convergence Divergence Histogram (MACD) for WISH turned negative on May 05, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 15 similar instances when the indicator turned negative. In 14 of the 15 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
The 10-day Moving Average for WISH crossed bearishly below the 50-day moving average on April 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 1 of 1 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WISH declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for WISH entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WISH's RSI Indicator exited the oversold zone, 16 of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +23.20% 3-day Advance, the price is estimated to grow further. Considering data from situations where WISH advanced for three days, in 40 of 52 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
WISH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 81%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.61.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WISH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is 93 (best 1 - 100 worst), indicating slightly worse than average price growth. WISH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 46 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.356) is normal, around the industry mean (19.933). P/E Ratio (0.000) is within average values for comparable stocks, (97.426). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.022). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (0.656) is also within normal values, averaging (40.369).
The Tickeron SMR rating for this company is 9 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The internet retail industry includes companies that sell products and services through the Internet. With more and more consumers using online retailers, the companies have seen a big increase in the use of their services. Some of the companies in the group are focused on selling business-to-business products and services. Others sell business-to-consumer products and services. Internet retailers offer a wide variety of products like books, apparel, and electronics. Some companies even specialize in only one or two categories. One potentially critical factor for players to thrive in this space is the quality and speed of product delivery. This requires an investment in efficient distribution networks. Things like logistics are important factors in the success in the extremely competitive industry. For a company to stay relevant in the industry it must have effective pricing strategies and upgraded websites. The websites must be easy to navigate and engaging for customers. In addition to the revenues generated from straight sales, internet retailers can generate revenue from subscription fees and advertising. Amazon.com, Inc., Alibaba Group, and JD.com are some of the global leaders.
The average market capitalization across the Internet Retail Industry is 21B. The market cap for tickers in the group ranges from 30 to 1.2T. AMZN holds the highest valuation in this group at 1.2T. The lowest valued company is YUKA at 30.
The average weekly price growth across all stocks in the Internet Retail Industry was -0.64%. For the same Industry, the average monthly price growth was -6.33%, and the average quarterly price growth was -26.79%. AHAHF experienced the highest price growth at 256.87%, while BHHOF experienced the biggest fall at -48.01%.
- 4/27/22 5:34 AM: ContextLogic (WISH, $1.72) is a top weekly loser for penny stocks, falling -17.31%
- 3/22/22 5:13 AM: ContextLogic (WISH, $2.13) is a top weekly gainer for penny stocks, rising +19.66%
- 3/16/22 5:11 AM: ContextLogic (WISH, $1.7) is a top weekly loser for penny stocks, falling -16.26%
The average weekly volume growth across all stocks in the Internet Retail Industry was 13.94%. For the same stocks of the Industry, the average monthly volume growth was 50.08% and the average quarterly volume growth was 5.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.33.
23 stocks in the group of tickers exhibit a similar negative trend based on the Momentum indicator with an average likelihood of 85%.
The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), JD.com (NASDAQ:JD), Pinduoduo (NASDAQ:PDD), Chewy (NYSE:CHWY), Wayfair (NYSE:W), Vipshop Holdings Limited (NYSE:VIPS), Revolve Group (NYSE:RVLV), Overstock.com (NASDAQ:OSTK), 1-800-FLOWERS.COM (NASDAQ:FLWS).
The average market capitalization across the group is 30.7B. The market cap for tickers in the group ranges from 0 to 1.2T. AMZN holds the highest valuation in this group at 1.2T. The lowest valued company is SGUJ at 0.
- 5/14/22 4:23 AM: Amazon.com (AMZN, $2,261.1), market cap jumped by $62.3B
- 5/10/22 5:36 AM: Amazon.com (AMZN, $2,175.78) saw a $159.8B market cap decrease this week
- 5/3/22 8:18 AM: Amazon.com (AMZN, $2,490) saw a $219.0B market cap decrease this week
The average weekly price growth across all stocks in the group was -4.82%. For the same group, the average monthly price growth was -21.59%, and the average quarterly price growth was -52.65%. DDL experienced the highest price growth at 19.05%, while REAL experienced the biggest fall at -26.61%.
- 5/14/22 4:23 AM: Dingdong (Cayman) (DDL, $4.75) was a top weekly gainer, with a +19.05% jump
- 5/14/22 4:23 AM: Coupang (CPNG, $13.34) was a top weekly gainer, with a +10.8% jump
- 5/14/22 4:23 AM: Blue Apron Holdings (APRN, $3.68) was a top weekly gainer, with a +13.23% jump
The average weekly volume growth across all stocks in the group was 11.51%. For the same stocks of the group, the average monthly volume growth was 93.49% and the average quarterly volume growth was 111.47%
- 5/6/22 5:00 AM: The volume for Missfresh stock increased for a consecutive 5 days, with an average daily gain of 334%
- 5/5/22 4:51 AM: The volume for Missfresh stock increased for four consecutive days, resulting in a record-breaking daily growth of 379% of the 65-Day Volume Moving Average
- 5/4/22 8:21 AM: The volume for Missfresh stock increased for three consecutive days, resulting in a record-breaking daily growth of 436% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows