Coupang Inc. [CPNG] stock Initiated by JP Morgan analyst, price target now $48

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Coupang Inc. [NYSE: CPNG] plunged by -$1.03 during the normal trading session on Thursday and reaching a high of $41.35 during the day while it closed the day at $40.23. The company report on April 29, 2021 that Coupang to Announce First Quarter 2021 Results on May 12, 2021.

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Coupang, Inc. (NYSE: CPNG) will release its financial results for its first quarter ended March 31, 2021 after the U.S. market close on Wednesday, May 12, 2021 via an earnings release and accompanying webcast.

These items will be available in the Investor Relations section of the company’s corporate website at https://ir.aboutcoupang.com. The earnings release will post after U.S. market close and the webcast will begin at 5:30 PM Eastern Time.

The market cap for CPNG stock reached $70.09 billion, with 1.74 billion shares outstanding and 827.79 million shares in the current float. Compared to the average trading volume of 8.77M shares, CPNG reached a trading volume of 3979562 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 1.92, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 5.86.

CPNG stock trade performance evaluation

Coupang Inc. [CPNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.47.

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 current RSI for CPNG stock in for the last two-week period is set at 33.35, with the RSI for the last a single of trading hit 27.86, and the three-weeks RSI is set at 36.73 for Coupang Inc. [CPNG], while it was recorded at 41.39 for the last single week of trading.

Coupang Inc. [CPNG]: An insightful look at the core 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 Ownership positions

There are presently around $980 million, or 26.20% of CPNG stock, in the hands of institutional investors. The top three institutional holders of CPNG stocks are: BAILLIE GIFFORD & CO with ownership of 22,054,023, which is approximately New of the company’s market cap and around 0.50% of the total institutional ownership; ALLIANCEBERNSTEIN L.P., holding 780,781 shares of the stock with an approximate value of $32.22 million in CPNG stocks shares; and WOLFSWOOD HOLDINGS, LLC, currently with $17.68 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 May and at the time of the May reporting period, where 43 institutional holders increased their position in Coupang Inc. [NYSE:CPNG] by around 23,751,684 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 23,751,684 shares, according to the latest SEC report filing. CPNG stock had 43 new institutional investments in for a total of 23,751,684 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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