Coupang Inc (NYSE: CPNG) has a higher price-to-earnings ratio of 41.26x compared to its average ratio, The 36-month beta value for CPNG is at 1.08. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CPNG is 1.19B, and currently, shorts hold a 1.48% of that float. The average trading volume for CPNG on September 16, 2024 was 7.21M shares.
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CPNG) stock’s latest price update
The stock price of Coupang Inc (NYSE: CPNG) has surged by 1.05 when compared to previous closing price of 23.70, but the company has seen a 8.86% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-11 that Coupang, Inc. (CPNG) closed at $23.42 in the latest trading session, marking a +1.83% move from the prior day.
CPNG’s Market Performance
CPNG’s stock has risen by 8.86% in the past week, with a monthly rise of 8.13% and a quarterly rise of 10.37%. The volatility ratio for the week is 3.41% while the volatility levels for the last 30 days are 3.55% for Coupang Inc The simple moving average for the past 20 days is 5.32% for CPNG’s stock, with a 23.53% simple moving average for the past 200 days.
Analysts’ Opinion of CPNG
Many brokerage firms have already submitted their reports for CPNG stocks, with CLSA repeating the rating for CPNG by listing it as a “Outperform.” The predicted price for CPNG in the upcoming period, according to CLSA is $31 based on the research report published on September 04, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CPNG reach a price target of $26. The rating they have provided for CPNG stocks is “Buy” according to the report published on May 16th, 2024.
BofA Securities gave a rating of “Buy” to CPNG, setting the target price at $30 in the report published on May 03rd of the current year.
CPNG Trading at 10.16% 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 -0.17% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +6.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.54% upper at present.
During the last 5 trading sessions, CPNG rose by +8.86%, which changed the moving average for the period of 200-days by +47.93% in comparison to the 20-day moving average, which settled at $22.82. In addition, Coupang Inc saw 47.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPNG starting from GREENOAKS CAPITAL PARTNERS LLC, who purchase 200,000 shares at the price of $22.93 back on Aug 22 ’24. After this action, GREENOAKS CAPITAL PARTNERS LLC now owns 50,676,224 shares of Coupang Inc, valued at $4,586,340 using the latest closing price.
GREENOAKS CAPITAL PARTNERS LLC, the Director of Coupang Inc, purchase 100,000 shares at $22.95 during a trade that took place back on Aug 21 ’24, which means that GREENOAKS CAPITAL PARTNERS LLC is holding 50,476,224 shares at $2,294,980 based on the most recent closing price.
Stock Fundamentals for CPNG
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.27 for the gross margin
The net margin for Coupang Inc stands at 0.04. The total capital return value is set at 0.03. Equity return is now at value 31.71, with 8.12 for asset returns.
Based on Coupang Inc (CPNG), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 2.57.
Currently, EBITDA for the company is 1.09 billion with net debt to EBITDA at -3.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 49.69for trailing twelve months and the total asset turnover is 1.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
In conclusion, Coupang Inc (CPNG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
