As of Wednesday close, Coupang Inc.’s (NYSE:CPNG) stock was up $0.32, moving up 1.66 percent to $19.60. The average number of shares traded per day over the past five days has been 7,906,860 shares. 2 times new highs have been achieved over the past 5 days, with a $0.52 gain in that time frame. In the last twenty days, the average volume was 8,965,345, while in the previous 50 days, it was 7,859,122.
Since last month, CPNG stock rose 21.21%. Shares of the company fell to $14.93 on 10/24/22, the lowest level in the past month. A 52-week high of $30.65 was reached on 01/03/22 after having rallying from a 52-week low of $8.98. Since the beginning of this year, CPNG’s stock price has dropped by -33.29% or -$9.78, and marked a new high 1 time. However, the stock has declined by -36.05% since its 52-week high.
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CPNG stock investors should be aware that Coupang Inc. (CPNG) stock had its last reported insider trading activity 10 days ago on Nov 15. GREENOAKS CAPITAL PARTNERS LLC, the Director of the company, disposed of 600,000 shares for $19.24 on Nov 15. It resulted in a $11,544,000 divestment by the insider. GREENOAKS CAPITAL PARTNERS LLC sold 1,250,000 shares at an average price of $18.14 on Nov 14. The insider now owns 71,601,928 shares following the transaction. On Nov 11, Director Sun Benjamin sold 50,000 shares at $19.15 apiece. The transaction was valued at $957,500.
In the three months ended June 29, Coupang Inc.’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.26, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 20.80% percent. In the year ended June 29, operating margins totaled -2.90%. Based on annual data, CPNG earned $2.95 billion in gross profit and brought in $18.41 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -53.20%. Return on equity (ROE) for the past 12 months was -28.30%.
In Coupang Inc.’s quarter-end financial report for June 29, it reported total debt of $561.07 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CPNG’s revenue rose 8.95% to $5.04 billion during the quarter, while net income inched up to $5.1 billion. While analysts expected Coupang Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by 63.60%. During the quarter, the company generated $131.84 million in EBITDA. The liabilities of Coupang Inc. were 5.95 billion at the end of its most recent quarter ended June 29, and its total debt was $2.22 billion. The value of shareholders’ equity is $1.77 billion.
This quick technical analysis looks at Coupang Inc.’s (CPNG) price momentum. With a historical volatility rate of 52.42%, the RSI 9-day stood at 60.66% on 23 November.
With respect to its five-day moving average, the current Coupang Inc. price is up by +2.73% percent or $0.52. At present, CPNG shares trade +18.86% above its 20-day simple moving average and +21.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.07% above its SMA50 and -9.05% below its SMA200.
Stochastic coefficient K was 78.15% and Stochastic coefficient D was 78.54%, while ATR was 1.18. Given the Stochastic reading of 81.71% for the 14-day period, the RSI (14) reading has been calculated as 58.59%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.78.
With a median target price of $25.50, the current consensus forecast for the stock is $9.90 – $30.00. Based on these forecasts, analysts predict Coupang Inc. (CPNG) will achieve an average price target of $23.98.