Coupang Inc. (NYSE:CPNG) saw a downside of -0.61% to close Tuesday at $17.89 after subtracting -$0.11 on the day. The 5-day average trading volume is 6,754,620 shares of the company’s common stock. It has gained $18.14 in the past week and touched a new high 3 times within the past 5 days. An average of 6,954,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,597,536.
CPNG’s 1-month performance is 6.30% or $1.17 on its low of $16.52 reached on 07/10/23. The company’s shares have touched a 52-week low of $12.66 and high of $21.38, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, CPNG has achieved 21.62% or $3.18 and has reached a new high 7 times. However, the current price is down -16.32% from the 52-week high price.
Insider Transactions
CPNG stock investors last saw insider trading activity on Jul 03.Kim Tae Jung () most recently sold 4,671 shares at $17.56 per share on Jul 03. This transaction cost the insider $82,023. Director, Sun Benjamin, sold 150,000 shares at a price of $16.04 on Jun 12. Then, on Jun 02, Kim Tae Jung sold 940 shares at a price of $16.47 per share. This transaction amounted to $15,482.
Valuation Metrics
CPNG stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price-to-book (PB) in the most recent quarter is 12.42, with the price to cash flow ratio at 72.15.
Coupang Inc.’s quick ratio for the period ended March 30 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 March 30 was 0.20, while the total debt to equity was 0.35.. In terms of profitability, the gross margin trailing 12 months is 23.90%. The trailing 12-month EBITDA margin is 2.08% while for the period ending March 30, Coupang Inc.’s operating margin was 0.90%. The firm’s gross profit as reported stood at $4.71 billion against revenue of $20.58 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 330.34% to $90.86 million, while revenue of $102.06 million was -12.33% off the previous quarter. Analysts expected CPNG to announce $0.05 per share in earnings in its latest quarter, but it posted $0.05, representing a 0.00% surprise. EBITDA for the quarter stood at more than $171.02 million. CPNG stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 7.15 billion, with total debt at $2.39 billion. Shareholders hold equity totaling $1.78 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 08 August was 56.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.41%.
The stock’s 5-day moving average is $17.86, reflecting a -1.70% or -$0.31 change from its current price. CPNG is currently trading +3.59% above its 20-day SMA, +38.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.55% and SMA200 by+8.16%.
Stochastic %K and %D was 74.38% and 71.43% and the average true range (ATR) pointed at 0.50. The RSI (14) points at 56.38%, while the 14-day stochastic is at 72.11% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at 0.08 and 0.34 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Coupang Inc. (NYSE: CPNG), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. 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. 1 rates the stock as overweight while 13 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 $28.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for Coupang Inc. (CPNG) stock is $21.76.
