Coupa Software Incorporated (NASDAQ:COUP) finished Wednesday with a subtraction of -$1.41 to close at $65.23, a downside of -2.12 percent. An average of 1,818,920 shares of common stock have been traded in the last five days. There was a fall of -$4.72 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,637,545 shares traded, while the 50-day average volume stands at 1,787,456.
COUP stock has increased by 4.10% in the last month. The company shares reached their 1-month lowest point of $54.27 on 09/01/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $50.54 and a high of $259.90 in 52 weeks. It has reached a new high 2 times so far this year and lost -58.73% or -$92.82 in price. In spite of this, the price is down -74.90% from the 52-week high.
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50 days have passed since Coupa Software Incorporated (COUP) last reported insider trading activity. Riggs Mark, who is Chief Customer Officer, most recently acquired $5,018 shares at $75.32 per share on Aug 03. In this transaction, the insider spent $377,980. EVP Global Sales, Glenn Robert, disposed of 290 shares at a price of $58.08 on Jul 01. The insider now owns more than $16,842 worth of shares. Prior to that, President & CFO, Emeritus Ford Todd R went on to Sale 1,940 shares at $55.11 each on Jun 21. An amount of $106,905 was transacted.
Coupa Software Incorporated (COUP) stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.58, the price-to-book (PB) ratio at 15.57, and the price-to-cash flow ratio at 32.62.
The quick ratio of Coupa Software Incorporated for the three months ended July 30 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.81 and a total debt to equity ratio of 6.81 for the quarter ending July 30. Its gross profit as reported stood at $412.05 million compared to revenue of $725.29 million.
For the three-month period that ended July 30, Coupa Software Incorporated had $281.37 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$75.27 million in the quarter, while revenues of -$81.47 million were shrunk -21.52%. The analyst consensus anticipated Coupa Software Incorporated’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.22, a 144.40% surprise. For the quarter, EBITDA amounted to -$20.68 million. Shareholders own equity worth $75.93 million.
From a technical analysis perspective, let’s take a brief look at Coupa Software Incorporated (COUP) price momentum. RSI 9-day as of the close on 21 September was 45.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.76%.
As of today, COUP’s price is $67.57 -6.75% or -$4.72 from its 5-day moving average. COUP is currently trading +7.23% higher than its 20-day SMA and -27.85% lower than its 100-day SMA. However, the stock’s current price level is +10.86% above the SMA50 and -61.80% below the SMA200.
The stochastic %K and %D were 63.38% and 68.35%, respectively, and the average true range (ATR) was 3.49. With the 14-day stochastic at 56.55% and the average true range at 3.62, the RSI (14) stands at 47.89%. The stock has reached -2.54 on the 9-day MACD Oscillator while the 14-day reading was at 0.48.
Citigroup launched coverage on Coupa Software Incorporated (NASDAQ: COUP) in its analyst report released on September 01, 2022. The firm assigned the stock a Buy rating. The consensus rating for Coupa Software Incorporated (COUP) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell COUP, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is COUP’s price target for the next 12 months?
Analysts predict a range of price targets between $55.00 and $100.00, with a median target of $75.00. Taking a look at these predictions, the average price target given by analysts for Coupa Software Incorporated (COUP) stock is $76.39.