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Business
Dipanjan Banchur

Is This Internet Stock Too Cheap to Ignore Right Now?

Wish Internet Dipanjan BanchurSince ContextLogic Inc

Mobile e-commerce company ContextLogic Inc. (WISH) has declined 77.6% in price year-to-date and 82.4% over the past year to close the last trading session at $0.70. The stock is trading 83% below the 52-week high of $3.99, which it hit on November 29, 2021.

WISH’s forward Price/Sales of 0.84x is 2.8% lower than the industry average of 0.87x. Its forward Price/Book of 0.92x is 64.8% lower than the industry average of 2.61x.

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