Coupang Inc (NYSE:CPNG) has a beta value of 1.09 and has seen 2.99 million shares traded in the recent trading session. The company, currently valued at $41.43B, closed the recent trade at $23.09 per share which meant it gained $1.09 on the day or 4.98% during that session. The CPNG stock price is -2.94% off its 52-week high price of $23.77 and 41.49% above the 52-week low of $13.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.71 million shares traded. The 3-month trading volume is 6.96 million shares.
The consensus among analysts is that Coupang Inc (CPNG) is Buy stock at the moment, with a recommendation rating of 1.68. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 10 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
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Coupang Inc (NYSE:CPNG) trade information
Sporting 4.98% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CPNG stock price touched $23.09 or saw a fall of -0.3%. Year-to-date, Coupang Inc shares have moved 42.65%, while the 5-day performance has seen it change 2.19%. Over the past 30 days, the shares of Coupang Inc (NYSE:CPNG) have changed 13.49%. Short interest in the company has seen 21.88 million shares shorted with days to cover at 2.83.
Wall Street analysts have a consensus price target for the stock at $23, which means that the shares’ value could drop -0.39% from the levels at last check today. The projected low price target is $10.2 while the price target rests at a high of $31.0. In that case, then, we find that the latest price level in today’s session is -34.26% off the targeted high while a plunge would see the stock lose 55.83% from the levels at last check today.
Coupang Inc (CPNG) estimates and forecasts
Figures show that Coupang Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 22.91% over the past 6 months, with this year growth rate of -107.69%, compared to 12.60% for the industry.
Earnings growth for 2024 is a modest -100.86% while over the next 5 years, the company’s earnings are expected to increase by 0.70%.
CPNG Dividends
Coupang Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Coupang Inc (NYSE:CPNG)’s Major holders
Insiders own 0.79% of the company shares, while shares held by institutions stand at 85.39% with a share float percentage of 86.07%. Investors are also buoyed by the number of investors in a company, with Coupang Inc having a total of 708.0 institutions that hold shares in the company. The top two institutional holders are SB INVESTMENT ADVISERS (UK) LTD with over 349.54 million shares worth more than $7.32 billion. As of 2024-06-30, SB INVESTMENT ADVISERS (UK) LTD held 19.484% of shares outstanding.
The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 171.35 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.59 billion and represent 9.5513% of shares outstanding.
