Coupang Inc. (NYSE:CPNG) remained unchanged to close Monday at $16.69 after subtracting $0.0 on the day. The 5-day average trading volume is 5,475,600 shares of the company’s common stock. It has gained $17.39 in the past week and touched a new high 2 times within the past 5 days. An average of 6,728,855 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,251,282.
CPNG’s 1-month performance is 5.70% or $1.56 on its low of $14.10 reached on 12/30/22. The company’s shares have touched a 52-week low of $8.98 and high of $27.12, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, CPNG has achieved 13.46% or $1.98 and has reached a new high 7 times. However, the current price is down -38.46% from the 52-week high price.
CPNG stock investors last saw insider trading activity on Dec 08.GREENOAKS CAPITAL PARTNERS LLC (Director) most recently sold 200,000 shares at $18.26 per share on Dec 08. This transaction cost the insider $3,652,000. 10% Owner, SVF Investments (UK) Ltd, sold 35,000,000 shares at a price of $18.50 on Dec 05. Then, on Dec 01, Director Sun Benjamin sold 84,602 shares at a price of $20.00 per share. This transaction amounted to $1,692,040.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.41 while the price-to-book (PB) in the most recent quarter is 13.57.
Coupang Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.26, while the total debt to equity was 0.33. In terms of profitability, the gross margin trailing 12 months is 20.80%. The firm’s gross profit as reported stood at $2.95 billion against revenue of $18.41 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 457.28% to $90.68 million, while revenue of -$75.49 million was 183.25% off the previous quarter. Analysts expected CPNG to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.04, representing a 63.60% surprise. EBITDA for the quarter stood at more than $131.84 million. CPNG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.95 billion, with total debt at $2.22 billion. Shareholders hold equity totaling $1.77 billion.
Let’s look briefly at Coupang Inc. (CPNG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 50.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.82%.
The stock’s 5-day moving average is $16.72, reflecting a -1.30% or -$0.22 change from its current price. CPNG is currently trading +5.90% above its 20-day SMA, -0.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.74% and SMA200 by-8.85%.
Stochastic %K and %D was 52.94% and 56.76% and the average true range (ATR) pointed at 0.72. The RSI (14) points at 49.71%, while the 14-day stochastic is at 52.24% with the period’s ATR at 0.76. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.17 on the 14-day charts.
In the most recent analyst report for Coupang Inc. (NYSE: CPNG), New Street launched coverage with a Buy rating. Analysts offering their rating for CPNG stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CPNG as a “sell,”, while 2 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is CPNG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.20 and a high of $30.00, with their median price target at $25.50. Looking at these predictions, the average price target given by analysts is for Coupang Inc. (CPNG) stock is $23.61.