Coupang Inc. [CPNG] Revenue clocked in at $11.97 billion, down -6.80% YTD: What’s Next?

Coupang Inc. [NYSE: CPNG] stock went on an upward path that rose over 0.22% on Friday, amounting to a one-week price increase of more than 0.11%. The company report on March 16, 2021 that Coupang Announces Partial Early Lock-Up Release.

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Coupang, Inc. (NYSE: CPNG), one of Asia’s largest eCommerce companies, confirmed that conditions were satisfied for a partial early lock-up release that will occur at the open of trading on March 18, 2021 with respect to its shares of Class A common stock, par value $0.0001 per share (the “shares”), pursuant to the terms of certain lock-up agreements (“lock-up agreements”) entered into by Coupang’s directors, officers, and affiliated entities with the underwriters of Coupang’s initial public offering.

Pursuant to the terms of the lock-up agreements, the restricted period will end with respect to all outstanding shares held as of February 26, 2021 by employees of Coupang (excluding officers who are subject to Section 16 of the Securities Exchange Act of 1934, as amended, and their affiliates) as of December 31, 2020 (collectively, the “Early Release Employee Group”), including any shares held by any trust for the direct or indirect benefit of a lock-up party or of an immediate family member of the lock-up party, in each case to the extent received in their capacity as an employee of Coupang. The conditions for this early release were satisfied as of the close of trading on March 15, 2021.

The market cap for the stock reached $78.55 billion, with 1.71 billion shares outstanding and 827.79 million shares in the current float. Compared to the average trading volume of 11.57M shares, CPNG stock reached a trading volume of 2927679 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Coupang Inc. [CPNG]:

JP Morgan have made an estimate for Coupang Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 06, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 06, 2021, representing the official price target for Coupang Inc. stock. Previously, the target price had yet another raise to $50, while Mizuho analysts kept a Neutral rating on CPNG stock.

The Average True Range (ATR) for Coupang Inc. is set at 2.98, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 6.56.

CPNG Stock Performance Analysis:

Coupang Inc. [CPNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.11.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The RSI for the last a single of trading hit 46.44, and the three-weeks RSI is set at 44.65 for Coupang Inc. [CPNG], while it was recorded at 45.95 for the last single week of trading.

Insight into Coupang Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Coupang Inc. [CPNG] shares currently have an operating margin of -4.41 and a Gross Margin at +16.60. Coupang Inc.’s Net Margin is presently recorded at -3.97.

Receivables Turnover for the company is 177.15 with a Total Asset Turnover recorded at a value of 2.88.

Coupang Inc. [CPNG] Insider Position Details

There are presently around $11 million, or 24.22% of CPNG stock, in the hands of institutional investors. The top three institutional holders of CPNG stocks are: JACKSON WEALTH MANAGEMENT, LLC with ownership of 220,000, which is approximately New of the company’s market cap and around 0.50% of the total institutional ownership; CALAMOS ADVISORS LLC, holding 5,050 shares of the stock with an approximate value of $0.23 million in CPNG stocks shares; and NEXT FINANCIAL HOLDINGS, currently with $0.14 million in CPNG stock with ownership of nearly New of the company’s market capitalization.

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Positions in Coupang Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 9 institutional holders increased their position in Coupang Inc. [NYSE:CPNG] by around 232,073 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 232,073 shares, according to the latest SEC report filing. CPNG stock had 9 new institutional investments in for a total of 232,073 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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