Coupang Inc. [NYSE: CPNG] loss -7.11% on the last trading session, reaching $17.64 price per share at the time. The company report on May 11, 2022 that Coupang Announces First Quarter Gross Profit Increase of 42% YoY and Record Revenue of $5.1B.
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Coupang, Inc. (NYSE: CPNG) today announced financial results for its first quarter ended March 31, 2022.
“Powered by our unmatched customer experience and services, we continued to grow at multiples of the overall e-commerce segment with 32% year over year constant currency revenue growth,” said Gaurav Anand, CFO of Coupang. “We also recorded the highest gross profit and gross profit margin in the Company’s history, which in turn helped our Product Commerce segment to achieve profitability in Q1. We expect our focus on customer-driven innovations as well as operational excellence to continue to bear fruit in the quarters and years ahead.”.
Coupang Inc. represents 1.76 billion in outstanding shares, while the company has a total market value of $28.04 billion with the latest information. CPNG stock price has been found in the range of $17.46 to $18.88.
If compared to the average trading volume of 11.34M shares, CPNG reached a trading volume of 9472846 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $20.10 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 1.80. 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.
Credit Suisse have made an estimate for Coupang Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 01, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on June 29, 2022, representing the official price target for Coupang Inc. stock. Previously, the target price had yet another drop from $29 to $15, while Citigroup kept a Buy rating on CPNG stock. On May 06, 2022, analysts decreased their price target for CPNG shares from 25 to 17.
The Average True Range (ATR) for Coupang Inc. is set at 0.96, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.45. The Price to Book ratio for the last quarter was 15.21, with the Price to Cash per share for the same quarter was set at 2.12.
Trading performance analysis for CPNG stock
Coupang Inc. [CPNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.65. With this latest performance, CPNG shares gained by 49.49% in over the last four-week period, additionally sinking by -11.76% over the last 6 months – not to mention a drop of -54.25% in the past year of trading.
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 63.14, with the RSI for the last a single of trading hit 63.34, and the three-weeks RSI is set at 60.92 for Coupang Inc. [CPNG]. The present Moving Average for the last 50 days of trading for this stock 13.63, while it was recorded at 18.03 for the last single week of trading, and 20.68 for the last 200 days.
Coupang Inc. [CPNG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Coupang Inc. [CPNG] shares currently have an operating margin of -6.51 and a Gross Margin at +16.89. Coupang Inc.’s Net Margin is presently recorded at -8.38.
Coupang Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.
An analysis of insider ownership at Coupang Inc. [CPNG]
There are presently around $22,192 million, or 79.70% 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 461,156,413, which is approximately -9.782% of the company’s market cap and around 0.30% of the total institutional ownership; MORGAN STANLEY, holding 136,957,547 shares of the stock with an approximate value of $2.42 billion in CPNG stocks shares; and BAILLIE GIFFORD & CO, currently with $1.95 billion in CPNG stock with ownership of nearly 70.807% of the company’s market capitalization.
Positions in Coupang Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 175 institutional holders increased their position in Coupang Inc. [NYSE:CPNG] by around 168,395,507 shares. Additionally, 135 investors decreased positions by around 207,671,240 shares, while 63 investors held positions by with 881,995,468 shares. The mentioned changes placed institutional holdings at 1,258,062,215 shares, according to the latest SEC report filing. CPNG stock had 53 new institutional investments in for a total of 16,500,192 shares, while 55 institutional investors sold positions of 15,621,748 shares during the same period.