Coupa Software Incorporated (NASDAQ:COUP) saw a downside of -0.08% to close Tuesday at $79.84 after subtracting -$0.06 on the day. The 5-day average trading volume is 2,027,620 shares of the company’s common stock. It has gained $80.07 in the past week and touched a new high 3 times within the past 5 days. An average of 3,673,080 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,928,940.
COUP’s 1-month performance is 1.59% or $1.41 on its low of $78.33 reached on 12/27/22. The company’s shares have touched a 52-week low of $40.29 and high of $140.91, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, COUP has achieved 0.85% or $0.67 and has reached a new high 5 times. However, the current price is down -43.34% from the 52-week high price.
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COUP stock investors last saw insider trading activity on Jan 03.Glenn Robert (EVP Global Sales) most recently sold 289 shares at $79.20 per share on Jan 03. This transaction cost the insider $22,889. Chief Accounting Officer, Baratta Maurizio, sold 299 shares at a price of $78.71 on Dec 29. Then, on Dec 21, EVP Global Sales Glenn Robert sold 3,076 shares at a price of $78.59 per share. This transaction amounted to $241,742.
COUP stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.42 while the price-to-book (PB) in the most recent quarter is 21.40, with the price to cash flow ratio at 30.86.
Coupa Software Incorporated’s quick ratio for the period ended July 30 was 1.80, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending July 30 was 7.62, while the total debt to equity was 7.62.. In terms of profitability, the gross margin trailing 12 months is 59.80%. The firm’s gross profit as reported stood at $412.05 million against revenue of $725.29 million.
For the quarterly period ending July 30 this year, Coupa Software Incorporated’s cash and short-term investments amounted to $338.53 million against total debt of $2.2 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -7.7% to -$84.68 million, while revenue of -$75.27 million was 11.11% off the previous quarter. Analysts expected COUP to announce $0.09 per share in earnings in its latest quarter, but it posted $0.22, representing a 144.40% surprise. EBITDA for the quarter stood at more than -$34.19 million. COUP stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.91 billion, with total debt at $2.2 billion. Shareholders hold equity totaling $76.15 million.
Let’s look briefly at Coupa Software Incorporated (COUP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 76.66% to suggest the stock is trending Overbought, with historical volatility in this time period at 3.91%.
The stock’s 5-day moving average is $79.50, reflecting a +0.55% or $0.44 change from its current price. COUP is currently trading +1.77% above its 20-day SMA, +35.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +89.33% and SMA200 by-21.94%.
Stochastic %K and %D was 86.27% and 78.92% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 73.15%, while the 14-day stochastic is at 84.14% with the period’s ATR at 0.95. The stock’s 9-day MACD Oscillator is pointing at 0.26 and 0.39 on the 14-day charts.
In the most recent analyst report for Coupa Software Incorporated (NASDAQ: COUP), SMBC Nikko upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for COUP stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate COUP as a “sell,”, while 21 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is COUP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $55.00 and a high of $85.00, with their median price target at $81.00. Looking at these predictions, the average price target given by analysts is for Coupa Software Incorporated (COUP) stock is $79.44.