As of Wednesday close, Coupang Inc.’s (NYSE:CPNG) stock was down -$0.18, moving down -1.01 percent to $17.63. The average number of shares traded per day over the past five days has been 6,994,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.25 fall in that time frame. In the last twenty days, the average volume was 5,578,830, while in the previous 50 days, it was 6,700,608.
Since last month, CPNG stock retreated -5.62%. Shares of the company fell to $17.55 on 09/20/23, 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 19.85% or $2.92, and marked a new high 8 times. However, the stock has declined by -17.27% since its 52-week high.
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CPNG stock investors should be aware that Coupang Inc. (CPNG) stock had its last reported insider trading activity 16 days ago on Sep 05. Kim Tae Jung, the of the company, disposed of 939 shares for $18.99 on Sep 05. It resulted in a $17,832 divestment by the insider. Kim Tae Jung sold 4,671 shares at an average price of $17.56 on Jul 03. The insider now owns 260,142 shares following the transaction. On Jun 12, Director Sun Benjamin sold 150,000 shares at $16.04 apiece. The transaction was valued at $2,406,000.
Valuation Metrics
Right now, Coupang Inc. (CPNG) has a P/E ratio of about 73.46. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 11.30, and the price-to-cash flow ratio of 29.39 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 24.42%, the RSI 9-day stood at 30.43% on 20 September.
With respect to its five-day moving average, the current Coupang Inc. price is down by -6.62% percent or -$1.25. At present, CPNG shares trade -5.47% below its 20-day simple moving average and +7.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.08% above its SMA50 and -11.36% below its SMA200.
Stochastic coefficient K was 15.93% and Stochastic coefficient D was 24.51%, while ATR was 0.51. Given the Stochastic reading of 4.49% for the 14-day period, the RSI (14) reading has been calculated as 38.21%. As of today, the MACD Oscillator reading stands at -0.47, while the 14-day reading stands at -0.57.
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 9 recommending it as overweight.
With a median target price of $22.75, the current consensus forecast for the stock is $11.60 – $29.00. Based on these forecasts, analysts predict Coupang Inc. (CPNG) will achieve an average price target of $22.07.
