13-Dec-2024
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ContextLogic Inc. Reports Third-Quarter 2024 Financial Results
Globe Newswire (Thu, 7-Nov 4:10 PM ET)
ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. Geographically, it derives a majority of its revenue from Europe and also has a presence in North America; South America, and other countries.
Contextlogic - Class A trades on the NASDAQ stock market under the symbol LOGC.
As of December 13, 2024, LOGC stock price climbed to $7.49 with 181,170 million shares trading.
LOGC has a beta of 0.81, meaning it tends to be less sensitive to market movements. LOGC has a correlation of 0.11 to the broad based SPY ETF.
LOGC has a market cap of $196.80 million. This is considered a Micro Cap stock.
Last quarter Contextlogic - Class A reported $0 in Revenue and -$.04 earnings per share. This fell short of revenue expectation by $-52 million and missed earnings estimates by -$.03.
The top ETF exchange traded funds that LOGC belongs to (by Net Assets): VTI, FNDA, VXF, PRFZ, VCR.
LOGC support price is $7.09 and resistance is $7.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LOGC shares will trade within this expected range on the day.