Coupang Inc (NYSE:CPNG)’s traded shares stood at 1.78 million during the latest session, with the company’s beta value hitting 1.08. At the last check today, the stock’s price was $23.98, to imply an increase of 1.18% or $0.28 in intraday trading. The CPNG share’s 52-week high remains $23.99, putting it -0.04% down since that peak but still an impressive 43.66% since price per share fell to its 52-week low of $13.51. The company has a valuation of $43.01B, with an average of 6.7 million shares in intraday trading volume over the past 10 days and average of 7.21 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Coupang Inc (CPNG), translating to a mean rating of 1.68. Of 10 analyst(s) looking at the stock, 1 analyst(s) give CPNG a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.01.
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Coupang Inc (NYSE:CPNG) trade information
After registering a 1.18% upside in the latest session, Coupang Inc (CPNG) has traded red over the past five days. The 5-day price performance for the stock is 8.99%, and 8.26% over 30 days. With these gigs, the year-to-date price performance is 48.11%. Short interest in Coupang Inc (NYSE:CPNG) saw shorts transact 17.56 million shares and set a 2.37 days time to cover.
The extremes give us $10.2 and $31 for target low and target high price respectively. As such, CPNG has been trading -29.27% off suggested target high and 57.46% from its likely low.
Coupang Inc (CPNG) estimates and forecasts
Looking at statistics comparing Coupang Inc share performance against respective industry, we note that the company has underperformed competitors. Coupang Inc (CPNG) shares are 29.55% up over the last 6 months, with its year-to-date growth rate lower than industry average at -107.69% against 14.10%. Revenue is forecast to shrink -80.00% this quarter before falling -75.00% for the next one. The rating firms project that company’s revenue will grow 24.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 7.74B. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 8.22B.Earnings reports from the last fiscal year show that sales brought in 5.94B and 6.56B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 30.30% before jumping 25.40% in the following quarter.
CPNG Dividends
Coupang Inc has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Coupang Inc (NYSE:CPNG)’s Major holders
Coupang Inc insiders hold 0.79% of total outstanding shares, with institutional holders owning 85.35% of the shares at 86.03% float percentage. In total, 85.35% institutions holds shares in the company, led by SB INVESTMENT ADVISERS (UK) LTD. As of 2024-06-30, the company held over 349.54 million shares (or 19.484% of shares), all amounting to roughly $7.32 billion.
The next major institution holding the largest number of shares is BAILLIE GIFFORD & CO with 171.35 million shares, or about 9.5513% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.59 billion.
