The stock of Coupang Inc. (NYSE: CPNG) decreased by -$0.12 on Friday to finish at $19.19, down -0.60 percent. The last five days have seen an average of 10,899,208 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $4.49. The average number of shares traded over the last 20 days was 7,727,242, while the average volume over the last 50 days totaled 8,805,568.
CPNG stock appreciated 9.00% since last month. On 07/27/23, the company’s shares reached a one-month low of $16.83. The stock touched a high of $21.31 on 08/09/23, after rallying from a low of $12.66 in 52 weeks. The price of CPNG stock has risen by 30.49% or $4.49 this year, reaching a new high 8 times. Still, the stock price is down -9.92% from the 52-week high.
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Insider Transactions
CPNG stock investors should be aware that Coupang Inc. (CPNG) stock had its last reported insider trading activity 42 days ago on Jul 03. On Jul 03, Kim Tae Jung sold 4,671 shares at $17.56 each. This transaction resulted in the insider making $82,023. On Jun 12, Sun Benjamin sold 150,000 shares at a price of US$16.04. After the transaction, the insider now owns 303,312 shares. Kim Tae Jung had earlier sold 940 shares on Jun 02 for $16.47 a share. The transaction was completed for $15,482.
Valuation Metrics
Coupang Inc. (CPNG) has a trailing price-to-earnings (P/E) ratio of 79.98. Beta for the stock is 1.36. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 12.30, and the price-to-cash flow ratio of 31.51.
Financial Health
For the three months ended June 29, Coupang Inc.’s quick ratio was 0.90, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.26, and the total debt to equity ratio is 0.41. As far as profitability goes, gross margin for the trailing twelve months is 24.70% percent. Coupang Inc.’s EBITDA margin for the year ended June 29 was 2.08%, whereas its operating margin stood at 1.90% for the same period. Based on annual data, it had gross profit of $4.71 billion and revenue of $20.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CPNG’s return on assets (ROA) during the last 12 months has been 4.50%. There was a -3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.30%.
Earnings Surprise
According to Coupang Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.84 billion, while revenues rose by 13.7% to $5.8 billion. It was predicted that Coupang Inc.’s quarterly earnings would be $0.08, but it ended up being $0.05. EBITDA was $213.82 million for the quarter. At the end of Coupang Inc.’s most recent quarter ended June 29, its liabilities totaled 7.91 billion, while its total debt was $2.72 billion.
Technical Picture
Here’s a quick look at Coupang Inc.’s (CPNG) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 72.09%, suggesting the stock is Overbought, with a 43.22% historical volatility rate.
The stochastic %K and %D were 77.37% and 77.33% respectively, while the average true range (ATR) was 0.63. Based on the 14-day stochastic reading of 75.16%, the RSI (14) reading is 68.05%. On the 9-day MACD Oscillator, the stock is at 0.79, and the 14-day reading is at 1.07.
Analyst Ratings
Coupang Inc. (NYSE: CPNG) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy.
What is CPNG’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.60 and $28.00, with a median target price of $23.50. In analyzing these forecasts, the average price target given by analysts for Coupang Inc. (CPNG) is $22.25.
