As of Wednesday close, Coupang Inc.’s (NYSE:CPNG) stock was down -$0.43, moving down -2.27 percent to $18.50. The average number of shares traded per day over the past five days has been 6,573,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.80 fall in that time frame. In the last twenty days, the average volume was 7,921,665, while in the previous 50 days, it was 8,793,668.
Since last month, CPNG stock rose 2.95%. Shares of the company fell to $16.83 on 07/27/23, the lowest level in the past month. A 52-week high of $21.31 was reached on 08/09/23 after having rallying from a 52-week low of $12.66. Since the beginning of this year, CPNG’s stock price has risen by 25.76% or $3.79, and marked a new high 8 times. However, the stock has declined by -13.19% since its 52-week high.
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Sponsored
CPNG stock investors should be aware that Coupang Inc. (CPNG) stock had its last reported insider trading activity 45 days ago on Jul 03. Kim Tae Jung, the of the company, disposed of 4,671 shares for $17.56 on Jul 03. It resulted in a $82,023 divestment by the insider. Sun Benjamin sold 150,000 shares at an average price of $16.04 on Jun 12. The insider now owns 303,312 shares following the transaction. On Jun 02, Kim Tae Jung sold 940 shares at $16.47 apiece. The transaction was valued at $15,482.
Valuation Metrics
Right now, Coupang Inc. (CPNG) has a P/E ratio of about 77.08. The stock’s beta is 1.36. Besides these, the trailing price-to-sales (P/S) ratio of 1.49, the price-to-book (PB) ratio of 11.86, and the price-to-cash flow ratio of 30.37 may also be considered.
Financial Health
In the three months ended June 29, Coupang Inc.’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.26, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 24.70% percent. In the year ended June 29, EBITDA margin amounted to 2.08%, whereas operating margins totaled 1.90%. Based on annual data, CPNG earned $4.71 billion in gross profit and brought in $20.58 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.40%. Return on equity (ROE) for the past 12 months was 17.30%.
In Coupang Inc.’s quarter-end financial report for June 29, it reported total debt of $718.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CPNG’s revenue rose 13.7% to $5.8 billion during the quarter, while net income inched up to $5.84 billion. While analysts expected Coupang Inc. to report $0.05 quarterly earnings, the actual figure was $0.08 per share. During the quarter, the company generated $213.82 million in EBITDA. The liabilities of Coupang Inc. were 7.91 billion at the end of its most recent quarter ended June 29, and its total debt was $2.72 billion. The value of shareholders’ equity is $1.78 billion.
Technical Picture
This quick technical analysis looks at Coupang Inc.’s (CPNG) price momentum. With a historical volatility rate of 42.42%, the RSI 9-day stood at 53.11% on 16 August.
With respect to its five-day moving average, the current Coupang Inc. price is down by -4.15% percent or -$0.80. At present, CPNG shares trade +3.12% above its 20-day simple moving average and +26.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.14% above its SMA50 and +9.40% above its SMA200.
Stochastic coefficient K was 61.78% and Stochastic coefficient D was 70.73%, while ATR was 0.59. Given the Stochastic reading of 44.19% for the 14-day period, the RSI (14) reading has been calculated as 56.15%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.43.
Analyst Ratings
Coupang Inc. downgraded its rating on Coupang Inc. (NYSE: CPNG) to a Hold in a note to investors on August 09, 2023. The analysts firm previously had a Buy rating on the stock.Coupang Inc. (CPNG) has been rated Overweight by analysts. According to 1 brokerage firm, CPNG is a sell, and 3 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 1 analyst rate Coupang Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $23.50, the current consensus forecast for the stock is $11.60 – $28.00. Based on these forecasts, analysts predict Coupang Inc. (CPNG) will achieve an average price target of $22.25.
