Coupang Inc (NYSE:CPNG) has a beta value of 1.10 and has seen 13.55 million shares traded in the last trading session. The company, currently valued at $48.23B, closed the last trade at $26.89 per share which meant it gained $1.19 on the day or 4.63% during that session. The CPNG stock price is 1.67% off its 52-week high price of $26.44 and 49.76% 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 5.55 million shares traded. The 3-month trading volume is 6.74 million shares.
The consensus among analysts is that Coupang Inc (CPNG) is Buy stock at the moment, with a recommendation rating of 1.58. 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. The expected earnings per share for the stock is 0.01.
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Coupang Inc (NYSE:CPNG) trade information
Sporting 4.63% in the green in last session, 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 $26.89 or saw a rise of 0.07%. Year-to-date, Coupang Inc shares have moved 66.09%, while the 5-day performance has seen it change 3.42%. Over the past 30 days, the shares of Coupang Inc (NYSE:CPNG) have changed 4.22%. Short interest in the company has seen 14.43 million shares shorted with days to cover at 2.27.
Wall Street analysts have a consensus price target for the stock at $27.4, which means that the shares’ value could jump 1.86% from current levels. The projected low price target is $18.0 while the price target rests at a high of $31.0. In that case, then, we find that the current price level is -15.28% off the targeted high while a plunge would see the stock lose 33.06% from current levels.
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 13.70% over the past 6 months, with this year growth rate of -107.69%, compared to 14.00% for the industry. Revenue growth from the last financial year stood is estimated to be 24.80%.
7 analysts offering their estimates for the company have set an average revenue estimate of 7.76B for the current quarter. 7 have an estimated revenue figure of 8.25B for the next ending quarter. Year-ago sales stood 5.94B and 6.56B respectively for this quarter and the next, and analysts expect sales will grow by 30.70% for the current quarter and 24.80% for the next.
Earnings growth for 2024 is a modest -102.18% 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 December 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 86.08%. Investors are also buoyed by the number of investors in a company, with Coupang Inc having a total of 716.0 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.
