Coupang Inc. [NYSE: CPNG] stock went on a downward path that fall over -1.81% on Monday, amounting to a one-week price decrease of less than -3.27%. The company report on November 12, 2021 that Coupang Announces Third Quarter Revenue Growth of 48% and Gross Profit Growth of 62%.
Coupang, Inc. (NYSE: CPNG) announced financial results for its third quarter ended September 30, 2021.
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Key Financial and Operational Highlights.
The one-year Coupang Inc. stock forecast points to a potential upside of 23.55. The average equity rating for CPNG stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $44.97 billion, with 1.75 billion shares outstanding and 1.36 billion shares in the current float. Compared to the average trading volume of 8.49M shares, CPNG stock reached a trading volume of 9606862 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Coupang Inc. [CPNG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPNG shares is $34.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPNG stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Daiwa Securities have made an estimate for Coupang Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 26, 2021. The new note on the price target was released on August 12, 2021, representing the official price target for Coupang Inc. stock.
The Average True Range (ATR) for Coupang Inc. is set at 1.14, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 2.62. The Price to Book ratio for the last quarter was 17.73, with the Price to Cash per share for the same quarter was set at 2.28.
CPNG Stock Performance Analysis:
Coupang Inc. [CPNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.27. With this latest performance, CPNG shares dropped by -14.38% in over the last four-week period, additionally sinking by -31.74% over the last 6 months.
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 40.69, with the RSI for the last a single of trading hit 39.16, and the three-weeks RSI is set at 41.75 for Coupang Inc. [CPNG]. The present Moving Average for the last 50 days of trading for this stock 28.06, while it was recorded at 26.25 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.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.
Coupang Inc. [CPNG] Insider Position Details
There are presently around $32,294 million, or 84.60% of CPNG stock, in the hands of institutional investors. The top three institutional holders of CPNG stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 511,156,413, which is approximately -10.032% of the company’s market cap and around 0.30% of the total institutional ownership; GREENOAKS CAPITAL PARTNERS LLC, holding 209,381,227 shares of the stock with an approximate value of $5.46 billion in CPNG stocks shares; and MAVERICK CAPITAL LTD, currently with $2.73 billion in CPNG stock with ownership of nearly -5.268% of the company’s market capitalization.
Positions in Coupang Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 225 institutional holders increased their position in Coupang Inc. [NYSE:CPNG] by around 187,182,482 shares. Additionally, 80 investors decreased positions by around 177,364,409 shares, while 56 investors held positions by with 874,189,042 shares. The mentioned changes placed institutional holdings at 1,238,735,933 shares, according to the latest SEC report filing. CPNG stock had 111 new institutional investments in for a total of 63,172,003 shares, while 44 institutional investors sold positions of 4,917,074 shares during the same period.