Is Coupang Inc (NYSE: CPNG) Stock Poised for More Growth?

IPW

In the last trading session, 10.82 million Coupang Inc (NYSE:CPNG) shares changed hands as the company’s beta touched 1.13. With the company’s per share price at $23.34 changed hands at $0.34 or 1.48% during last session, the market valuation stood at $41.86B. CPNG’s last price was a discount, traded about -0.26% off its 52-week high of $23.40. The share price had its 52-week low at $13.51, which suggests the last value was 42.12% up since then. When we look at Coupang Inc’s average trading volume, we note the 3-month average coming to 14.82 million.

Coupang Inc (NYSE:CPNG) trade information

Instantly CPNG was in green as seen at the end of in last trading. With action 1.04%, the performance over the past five days has been green. The jump to weekly highs of 23.51 added 1.48% to the stock’s daily price. The company’s shares are showing year-to-date upside of 44.16%, with the 5-day performance at 1.04% in the green. However, in the 30-day time frame, Coupang Inc (NYSE:CPNG) is 27.96% up.

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 41.63% over the past 6 months, a 34.62% in annual growth rate that is considerably higher than the industry average of 18.30%. Year-over-year growth is forecast to reach 20.00% up from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 6.93B. 6 analysts are of the opinion that Coupang Inc’s revenue for the current quarter will be 7.05B. The company’s revenue for the corresponding quarters a year ago was 5.8B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.40%. The 2024 estimates are for Coupang Inc earnings to decrease by -59.70%.