Why Do Investors Buy Stock In Coupang Inc (CPNG)?

Coupang Inc (NYSE:CPNG) has a beta value of 1.17 and has seen 11.08 million shares traded in the last trading session. The company, currently valued at $41.43B, closed the last trade at $23.10 per share which meant it gained $0.19 on the day or 0.83% during that session. The CPNG stock price is -1.3% off its 52-week high price of $23.40 and 41.52% above the 52-week low of $13.51. The 3-month trading volume is 14.78 million shares.

Coupang Inc (NYSE:CPNG) trade information

Sporting 0.83% in the green in last session, the stock has traded in the green over the last five days, when the CPNG stock price touched $23.10 or saw a rise of 1.28%. Year-to-date, Coupang Inc shares have moved 42.68%, while the 5-day performance has seen it change 2.85%. Over the past 30 days, the shares of Coupang Inc (NYSE:CPNG) have changed 29.85%.

Coupang Inc (CPNG) estimates and forecasts

Figures show that Coupang Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 33.22% over the past 6 months, with this year growth rate of 23.08%, compared to 15.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 20.00% and -12.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 19.20%.

7 analysts offering their estimates for the company have set an average revenue estimate of $6.91 billion for the current quarter. 6 have an estimated revenue figure of $7.06 billion for the next quarter concluding in Jun 2024.

CPNG Dividends

Coupang Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.