In the latest trading session, 1.28 million Coupang Inc (NYSE:CPNG) shares changed hands as the company’s beta touched 1.07. With the company’s most recent per share price at $23.66 changed hands at -$0.26 or -1.09% at last look, the market valuation stands at $42.56B. CPNG’s current price is a discount, trading about -13.74% off its 52-week high of $26.91. The share price had its 52-week low at $13.51, which suggests the last value was 42.9% up since then. When we look at Coupang Inc’s average trading volume, we note the 10-day average is 9.69 million shares, with the 3-month average coming to 7.94 million.
Analysts gave the Coupang Inc (CPNG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.81. 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. Coupang Inc’s EPS for the current quarter is expected to be 0.01.
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Coupang Inc (NYSE:CPNG) trade information
Instantly CPNG was in red as seen in intraday trades today. With action -6.15%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 46.13%, with the 5-day performance at -6.15% in the red. However, in the 30-day time frame, Coupang Inc (NYSE:CPNG) is -7.94% down. Looking at the short shares, we see there were 17.07 million shares sold at short interest cover period of 1.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 12.37% from its recent market value. According to analyst projections, CPNG’s forecast low is 25 with 31 as the target high. To hit the forecast high, the stock’s price needs a -31.02% plunge from its current level, while the stock would need to soar -5.66% 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 8.58% over the past 6 months, a -111.54% in annual growth rate that is considerably lower than the industry average of 16.80%. Year-over-year growth is forecast to reach 24.88% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 8.35B. 2 analysts are of the opinion that Coupang Inc’s revenue for the current quarter will be 8.52B. The company’s revenue for the corresponding quarters a year ago was 6.56B and 7.11B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.31%. The estimates for the next quarter sales put growth at 19.80%.
The 2024 estimates are for Coupang Inc earnings to decrease by -99.54%, 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 in January.
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 86.08%. 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.
Among Mutual Funds, the top two as of Aug 31, 2024 were Vanguard International Growth Fund and Fundamental Investors Inc. With 44.05 shares estimated at $1.05 billion under it, the former controlled 2.71% of total outstanding shares. On the other hand, Fundamental Investors Inc held about 2.21% of the shares, roughly 35.96 shares worth around $853.04 million.
