In today’s recent session, 1.73 million shares of the Coupang Inc (NYSE:CPNG) have been traded, and its beta is 1.10. Most recently the company’s share price was $25.90, and it changed around $0.2 or 0.76% from the last close, which brings the market valuation of the company to $46.45B. CPNG at last check was trading at a discount to its 52-week high of $26.28, offering almost -1.47% off that amount. The share price’s 52-week low was $13.51, which indicates that the recent value has risen by an impressive 47.84% since then. We note from Coupang Inc’s average daily trading volume that its 10-day average is 6.54 million shares, with the 3-month average coming to 6.85 million.
Coupang Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 1.58. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CPNG as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Coupang Inc is expected to report earnings per share of 0.01 for the current quarter.
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Coupang Inc (NYSE:CPNG) trade information
Instantly CPNG has been showing a green trend so far today with a performance of 0.76% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 26.28 on recent trading dayincreased the stock’s daily price by 1.45%. The company’s shares are currently up 59.95% year-to-date, but still up 7.05% over the last five days. On the other hand, Coupang Inc (NYSE:CPNG) is 12.59% up in the 30-day period. We can see from the shorts that 16.14 million shares have been sold at a short interest cover period of 2.47 day(s).
The consensus price target as assigned by Wall Street analysts is $27.4, which translates to bulls needing to increase their stock price by 5.47% from its current value. Analyst projections state that CPNG is forecast to be at a low of $18 and a high of $31.
Coupang Inc (CPNG) estimates and forecasts
Coupang Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 35.44 percent over the past six months and at a -107.69% annual growth rate that is well below the industry average of 13.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -80.00% in revenue this quarter, and will report a decrease of -75.00% in the next quarter. The year-over-year growth rate is expected to be 24.70%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 7.74B in revenue for the current quarter. 6 analysts expect Coupang Inc to make 8.22B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.94B and 6.56B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.30%. Forecasts for the next quarter put sales growth at 25.40%.
Coupang Inc earnings are expected to increase by -100.61% in 2024, but the outlook is positive 0.70% per year for the next five years.
CPNG Dividends
Coupang Inc’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Coupang Inc (NYSE:CPNG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.79% of Coupang Inc shares, and 85.39% of them are in the hands of institutional investors. The stock currently has a share float of 86.07%. Coupang Inc stock is held by 711.0 institutions, with SB INVESTMENT ADVISERS (UK) LTD being the largest institutional investor. By 2024-06-30, it held 19.484% of the shares, which is about 349.54 million shares worth $7.32 billion.
BAILLIE GIFFORD & CO, with 9.5513% or 171.35 million shares worth $3.59 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard International Growth Fund and Fundamental Investors Inc were the top two Mutual Funds as of May 31, 2024. The former held 44.05 shares worth $1.14 billion, making up 2.72% of all outstanding shares. On the other hand, Fundamental Investors Inc held roughly 32.35 shares worth around $835.68 million, which represents about 2.00% of the total shares outstanding.
