Coupang Inc (NYSE: CPNG): Why Investors Shouldn’t Ditch CPNG Stock In 2024

In the last trading session, 13.36 million Coupang Inc (NYSE:CPNG) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $15.00 changed hands at $0.54 or 3.73% during last session, the market valuation stood at $26.82B. CPNG’s last price was a discount, traded about -33.27% off its 52-week high of $19.99. The share price had its 52-week low at $12.66, which suggests the last value was 15.6% up since then. When we look at Coupang Inc’s average trading volume, we note the 10-day average is 9.59 million shares, with the 3-month average coming to 1.48.

Coupang Inc (NYSE:CPNG) trade information

Instantly CPNG was in green as seen at the end of in last trading. With action 8.38%, the performance over the past five days has been green. The jump to weekly highs of 15.19 added 3.73% to the stock’s daily price. The company’s shares are showing year-to-date downside of -7.35%, with the 5-day performance at 8.38% in the green. However, in the 30-day time frame, Coupang Inc (NYSE:CPNG) is -9.26% down. Looking at the short shares, we see there were 21.33 million shares sold at short interest cover period of 2.62 days.

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Coupang Inc (CPNG) estimates and forecasts

Data shows that the Coupang Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.32% over the past 6 months, a 600.00% in annual growth rate that is considerably higher than the industry average of 23.10%. Year-over-year growth is forecast to reach 17.20% up from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $6.42 billion. 5 analysts are of the opinion that Coupang Inc’s revenue for the quarter ending Mar 2024 will be $6.64 billion. The company’s revenue for the corresponding quarters a year ago was $5.33 billion and $5.8 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.50%. The estimates for the next quarter sales put growth at 14.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.42%. The 2024 estimates are for Coupang Inc earnings to increase by 592.59%.

CPNG Dividends

Coupang Inc is expected to release its next quarterly earnings report between February 26 and March 01.

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