Coupang Inc. (NYSE:CPNG) finished Thursday with an addition of $0.06 to close at $14.66, an upside of 0.41 percent. An average of 5,132,040 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 7,797,985 shares traded, while the 50-day average volume stands at 7,881,016.
CPNG stock has decreased by -22.68% in the last month. The company shares reached their 1-month lowest point of $14.46 on 12/29/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $8.98 and a high of $30.23 in 52 weeks. It has reached a new high 1 time so far this year and lost -50.10% or -$14.72 in price. In spite of this, the price is down -51.50% from the 52-week high.
CPNG stock investors should be aware that Coupang Inc. (CPNG) stock had its last reported insider trading activity 22 days ago on Dec 08. In this transaction, the insider spent $3,652,000. 10% Owner, SVF Investments (UK) Ltd, disposed of 35,000,000 shares at a price of $18.50 on Dec 05. The insider now owns more than $647,500,000 worth of shares. Prior to that, Director Sun Benjamin went on to Sale 84,602 shares at $20.00 each on Dec 01. An amount of $1,692,040 was transacted.
Coupang Inc. (CPNG) has a trailing price-to-sales (P/S) ratio at 1.31, the price-to-book (PB) ratio at 11.92.
The quick ratio of Coupang Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.33 for the quarter ending June 29. Its gross profit as reported stood at $2.95 billion compared to revenue of $18.41 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Coupang Inc.’s return on assets was -7.10%.
For the three-month period that ended June 29, Coupang Inc. had $561.07 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $90.68 million in the quarter, while revenues of -$75.49 million were grew 457.28%. The analyst consensus anticipated Coupang Inc.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.04, a 63.60% surprise. For the quarter, EBITDA amounted to $131.84 million. Shareholders own equity worth $1.77 billion.
From a technical analysis perspective, let’s take a brief look at Coupang Inc. (CPNG) price momentum. RSI 9-day as of the close on 29 December was 18.21%, suggesting the stock is oversold, with historical volatility in this time frame at 26.45%.
As of today, CPNG’s price is $15.02 -6.98% or -$1.10 from its 5-day moving average. CPNG is currently trading -24.74% lower than its 20-day SMA and -23.65% lower than its 100-day SMA. However, the stock’s current price level is -13.15% below the SMA50 and -5.11% below the SMA200.
The stochastic %K and %D were 4.04% and 3.40%, respectively, and the average true range (ATR) was 0.66. With the 14-day stochastic at 4.91% and the average true range at 0.76, the RSI (14) stands at 27.20%. The stock has reached -0.66 on the 9-day MACD Oscillator while the 14-day reading was at -1.36.
New Street launched coverage on Coupang Inc. (NYSE: CPNG) in its analyst report released on December 01, 2022. The firm assigned the stock a Buy rating.
What is CPNG’s price target for the next 12 months?
Analysts predict a range of price targets between $10.20 and $30.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Coupang Inc. (CPNG) stock is $24.13.