Coupang Inc (NYSE:CPNG) finished Thursday with an addition of $0.17 to close at $16.94, an upside of 1.01 percent. An average of 7,801,820 shares of common stock have been traded in the last five days. There was a fall of -$0.06 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 6,348,375 shares traded, while the 50-day average volume stands at 6,786,036.
CPNG stock has decreased by -8.97% in the last month. The company shares reached their 1-month lowest point of $16.30 on 09/28/23. With the stock rallying to its 52-week high on 08/09/23, shares of the company touched a low of $12.66 and a high of $21.31 in 52 weeks. It has reached a new high 8 times so far this year and achieved 15.16% or $2.23 in price. In spite of this, the price is down -20.51% 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 24 days ago on Sep 05. In this transaction, the insider spent $17,832., Kim Tae Jung, disposed of 4,671 shares at a price of $17.56 on Jul 03. The insider now owns more than $82,023 worth of shares. Prior to that, Director Sun Benjamin went on to Sale 150,000 shares at $16.04 each on Jun 12. An amount of $2,406,000 was transacted.
Valuation Metrics
Coupang Inc (CPNG) has a trailing price-to-earnings (P/E) ratio of 70.94. The stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.37, the price-to-book (PB) ratio at 10.87, and the price-to-cash flow ratio at 28.17.
Financial Health
The quick ratio of Coupang Inc for the three months ended June 29 was 0.91, and the current ratio was 1.19, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 0.98 for the quarter ending June 29. Coupang Inc’s EBITDA margin for the year ending June 29 is 2.08%, while its operating margin for the same period stands at 1.88%. Its gross profit as reported stood at $4.71 billion compared to revenue of $20.58 billion.
Earnings Surprise
For the three-month period that ended June 29, Coupang Inc had $718.68 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $145.19 million in the quarter, while revenues were grew 151.99%. The analyst consensus anticipated Coupang Inc’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.08, a 60.00% surprise. For the quarter, EBITDA amounted to $213.82 million. Shareholders own equity worth $1.78 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Coupang Inc (CPNG) price momentum. RSI 9-day as of the close on 28 September was 30.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.08%.
As of today, CPNG’s price is $17.00 -0.35% or -$0.06 from its 5-day moving average. CPNG is currently trading -8.97% lower than its 20-day SMA and -2.87% lower than its 100-day SMA. However, the stock’s current price level is -5.57% below the SMA50 and -6.56% below the SMA200.
The stochastic %K and %D were 8.23% and 7.11%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 21.25% and the average true range at 0.51, the RSI (14) stands at 35.32%. The stock has reached -0.46 on the 9-day MACD Oscillator while the 14-day reading was at -0.95.
Analyst Ratings
Deutsche Bank downgraded Coupang Inc (NYSE: CPNG) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Coupang Inc (CPNG) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CPNG, while 3 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is CPNG’s price target for the next 12 months?
Analysts predict a range of price targets between $11.60 and $29.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for Coupang Inc (CPNG) stock is $21.95.
