Wish stock

wish stock

Is wish a good stock to buy?

However, that may not be true as Wish primarily focuses on serving lower-income consumers interested in nonbranded products. Currently, the stock doesn’t seem like a good investment due to the company’s continuously low revenue and high stock volatility.

What is wish com owned by?

Wish.com (NASDAQ: WISH) is an American online e-commerce platform that facilitates transactions between sellers and buyers and is operated by ContextLogic Inc. The company was founded in July 2010 by Piotr Szulczewski and Danny Zhang, with headquarters in San Francisco.

When did wish go public?

The company was founded in July 2010 by Piotr Szulczewski and Danny Zhang, with headquarters in San Francisco. The company trades on the Nasdaq exchange under the ticker WISH, having gone public on December 16, 2020.

How does wish make money?

Today, Wish generates most of its revenue from transaction, advertising, and logistics fees. Its ads promoted products within Wishs marketplace and across external social media platforms, and it fulfills cross-border orders with its own logistics services. Wishs revenue rose 10% to $1.9 billion in 2019, then grew 34% to $2.5 billion in 2020.

Where can I buy shares of wish?

Shares of WISH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is ContextLogics stock price today?

What happened to wish stock?

As Wishs top-line growth decelerated, higher logistics expenses and ad prices weighed down its bottom line. Wishs stock now trades at less than a third of its IPO price of $24 a share, but it remains a hot topic and battleground stock for the bulls and bears.

Should you hold ContextLogic (wish) stock?

The consensus among Wall Street analysts is that investors should hold ContextLogic stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WISH, but not buy additional shares or sell existing shares. View analyst ratings for ContextLogic or view top-rated stocks.

What price target do analysts set for wish?

What price target have analysts set for WISH? 12 equities research analysts have issued 1 year price targets for ContextLogics shares. Their forecasts range from $4.00 to $22.00. On average, they expect ContextLogics stock price to reach $9.45 in the next year.

What is Wish? Wish is a high-growth mobile-first online marketplace that allows shoppers to browse and buy items from third-party sellers. It was founded in San Francisco back in 2010 by Peter Szulczewski and Danny Zhang, and has since become popular across the world, thanks to the following notable features and benefits.

Who is the owner of the Wish app?

What happened to wish’s shares in the market debut?

Shares of discount e-commerce marketplace Wish dropped 16.4% in the company’s market debut Wednesday. The opening trade was $22.75 per share, below its IPO pricing of $24 per share, which was at the high end of expectations.

What is the history of wish?

In September 2010, ContextLogic received $1.7 million in investments and involved Yelp CEO Jeremy Stoppelman. In May 2011, Szulczewski invited college friend Danny Zhang to relaunch the company as Wish. It was created as an application that allowed shoppers to create wish lists of their favorite products before matching them with merchants.

What was the price of Wish’s IPO?

The opening trade was $22.75 per share, below its IPO pricing of $24 per share, which was at the high end of expectations. The offering raised $1.1 billion and gave the company an initial valuation of more than $14 billion. Private investors valued the company at $11.2 billion. ContextLogic, Wish’s parent company, filed to go public last month.

Why is win wish going public at the moment?

Wish is going public at a time when online sales are soaring, as the coronavirus pandemic has pushed more people to avoid making trips to stores in favor of shopping safely at home on their smartphone. The trend has led rival e-commerce companies like Amazon, Shopify and Etsy to be some of the biggest beneficiaries of the pandemic.

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