In the past week, CPNG stock has gone down by -2.64%, with a monthly decline of -14.54% and a quarterly plunge of -24.33%. The volatility ratio for the week is 4.02%, and the volatility levels for the last 30 days are 4.35% for Coupang Inc. The simple moving average for the last 20 days is -8.66% for CPNG stock, with a simple moving average of -19.24% for the last 200 days.
Is It Worth Investing in Coupang Inc. (NYSE: CPNG) Right Now?
The public float for CPNG is 1.58B, and at present, short sellers hold a 1.06% of that float. On March 17, 2023, the average trading volume of CPNG was 7.24M shares.
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CPNG) stock’s latest price update
Coupang Inc. (NYSE: CPNG)’s stock price has increased by 2.87 compared to its previous closing price of 12.91. Nevertheless, the company has seen a -2.64% plunge in its stock price over the last five trading sessions. Barron’s reported on 05/12/22 that Coupang Posts a Narrower Loss. The Stock Soars as It Gets an Upgrade to Buy.
Analysts’ Opinion of CPNG
In the past week, CPNG stock has gone down by -2.64%, with a monthly decline of -14.54% and a quarterly plunge of -24.33%. The volatility ratio for the week is 4.02%, and the volatility levels for the last 30 days are 4.35% for Coupang Inc. The simple moving average for the last 20 days is -8.66% for CPNG stock, with a simple moving average of -19.24% for the last 200 days.
Analysts’ Opinion of CPNG
Many brokerage firms have already submitted their reports for CPNG stocks, with BofA Securities repeating the rating for CPNG by listing it as a “Neutral.” The predicted price for CPNG in the upcoming period, according to BofA Securities is $18 based on the research report published on March 02nd of the current year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see CPNG reach a price target of $20. The rating they have provided for CPNG stocks is “Buy” according to the report published on March 01st, 2023.
Barclays gave a rating of “Overweight” to CPNG, setting the target price at $20 in the report published on February 09th of the current year.
CPNG Trading at -15.49% from the 50-Day Moving Average
After a stumble in the market that brought CPNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.89% of loss for the given period.
Volatility was left at 4.35%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares sank -19.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.99% lower at present.
During the last 5 trading sessions, CPNG fell by -2.64%, which changed the moving average for the period of 200-days by -0.97% in comparison to the 20-day moving average, which settled at $14.38. In addition, Coupang Inc. saw -9.72% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPNG starting from GREENOAKS CAPITAL PARTNERS LLC, who sale 200,000 shares at the price of $18.26 back on Dec 08. After this action, GREENOAKS CAPITAL PARTNERS LLC now owns 70,651,928 shares of Coupang Inc., valued at $3,652,000 using the latest closing price.
SVF Investments (UK) Ltd, the 10% Owner of Coupang Inc., sale 35,000,000 shares at $18.50 during a trade that took place back on Dec 05, which means that SVF Investments (UK) Ltd is holding 426,156,413 shares at $647,500,000 based on the most recent closing price.
Stock Fundamentals for CPNG
Equity return is now at value -4.20, with -1.10 for asset returns.
Conclusion
To sum up, Coupang Inc. (CPNG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
