In the latest trading session, 2.44 million Coupang Inc (NYSE:CPNG) shares changed hands as the company’s beta touched 1.11. With the company’s most recent per share price at $25.81 changing hands around $0.83 or 3.32% at last look, the market valuation stands at $46.30B. CPNG’s current price is a discount, trading about -1.82% off its 52-week high of $26.28. The share price had its 52-week low at $13.51, which suggests the last value was 47.66% up since then. When we look at Coupang Inc’s average trading volume, we note the 10-day average is 5.14 million shares, with the 3-month average coming to 6.79 million.
Analysts gave the Coupang Inc (CPNG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.58. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CPNG as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
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Coupang Inc (NYSE:CPNG) trade information
Instantly CPNG is in green as seen in intraday trades today. With action 1.69%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 59.42%, with the 5-day performance at 1.69% in the green. However, in the 30-day time frame, Coupang Inc (NYSE:CPNG) is 3.49% up. Looking at the short shares, we see there were 14.3 million shares sold at short interest cover period of 2.13 days.
The consensus price target for the stock as assigned by Wall Street analysts is 27.4, meaning bulls need an upside of 5.8% from its recent market value. According to analyst projections, CPNG’s forecast low is 18 with 31 as the target high. To hit the forecast high, the stock’s price needs a -20.11% plunge from its current level, while the stock would need to tank 30.26% for it to hit the projected low.
Coupang Inc (CPNG) estimates and forecasts
Data shows that the Coupang Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.20% over the past 6 months, a -107.69% in annual growth rate that is considerably lower than the industry average of 15.80%.
The 2024 estimates are for Coupang Inc earnings to decrease by -101.00%, but the outlook for the next 5-year period is at 0.70% per year.
CPNG Dividends
Coupang Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Coupang Inc (NYSE:CPNG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.79% of Coupang Inc shares while 85.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.09%. There are 85.40% institutions holding the Coupang Inc stock share, with SB INVESTMENT ADVISERS (UK) LTD the top institutional holder. As of 2024-06-30, the company held 19.484% of the shares, roughly 349.54 million CPNG shares worth $7.32 billion.
BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 9.5513% or 171.35 million shares worth $3.59 billion as of 2024-06-30.
