ContextLogic (WISH) Stock Price Lagging Behind

ContextLogic (WISH) stocks has been going through several ups and downs for the past several weeks. While in comparison to its yearly graph, WISH stock price has witnessed a tumble. The overall market is going through the overall similar pattern, mostly in red, stock price of online marketplace platform comparatively worse though.

Currently at the press time, WISH stock is trading at 0.73 USD with a drop of 3.63% in a day. Meanwhile major market indices also showed negative growth but nothing significant. For instance, S&P 500 is trading at 3,665.78 USD with a drop of 0.80% from yesterday, Dow Jones is at 30,333.59 USD with 0.30% down in a day and Nasdaq Composite at 10,614 USD with 0.61% drop from yesterday.

Upcoming Events Might Affect WISH Stock Price

In contrast to continued drop, WISH stock is expected to show some growth following the upcoming finance release in November 2022. Although the expectations for several indicators were released in advance. The company expected the earning per share (EPS) to stay around 0.16 USD which would be down by about 220% from last year’s EPS. Moreover, the quarterly revenue is expected to come out approx 119.04 million USD, which would be down by 67.65% from last year’s quarter revenue.

However, several analysts do not agree with the company’s estimates. Zack Consensus estimates EPS for WISH would be approx 0.64 USD while the revenue would be at 629.29 million USD.

WISH stock seems to be the only one struggling within its native industry where its competitors are still seen gaining. Newegg Commerge Inc. (NEGG) stock is trading 2.13 USD with 0.71% increase, Overstock.com Inc. (OSTK) is at 23.68 USD after a 0.51% surge and Shopify (SHOP) stock is up by 4.87% and trading at 29.73 USD.

Significant Presence Other Companies Would “Wish” for!

One of the world’s biggest e-commerce and payment platforms Wish was founded in 2010 in San Francisco. The company intends to bring technology and data science together and integrate its mobile shopping experience in order to produce highly visual, entertaining for users and more personal shopping experience.

The company announced on Friday about an internal team to join several investor conferences for the fourth Quarter of 2022. According to the company, the team would be attending the upcoming Credit Suisse 26th Annual Technology Conference to take place on November 29th in Scottsdale, Arizona.

In addition, the company is also noted to join UBS Global TMT Conference on December 5th in New York and Barclays Global Technology, Media and Telecommunications Conference on December 8th in San Francisco, California.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing