Coupang Inc. [CPNG] fell -42.92% so far this year. What now?

Coupang Inc. [NYSE: CPNG] price plunged by -2.73 percent to reach at -$0.47. The company report on October 26, 2022 that Coupang to Announce Third Quarter 2022 Results on November 9, 2022.

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Coupang, Inc. (NYSE: CPNG) will release its financial results for its third quarter ended September 30, 2022 on Wednesday, November 9, 2022. The earnings release will be available after U.S. market close and an accompanying live webcast will begin at 5:30 PM Eastern Time.

The earnings release and the webcast will be available at the Coupang Investor Relations website, Following the call, a replay will be available at the same website.

A sum of 4349936 shares traded at recent session while its average daily volume was at 6.66M shares. Coupang Inc. shares reached a high of $17.53 and dropped to a low of $16.74 until finishing in the latest session at $16.77.

The one-year CPNG stock forecast points to a potential upside of 29.36. The average equity rating for CPNG stock is currently 1.80, trading closer to a bullish pattern in the stock market.

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 $23.74 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.

HSBC Securities have made an estimate for Coupang Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 07, 2022. The new note on the price target was released on August 16, 2022, representing the official price target for Coupang Inc. stock. Previously, the target price had yet another raise from $15 to $18.50, while Deutsche Bank kept a Hold rating on CPNG stock.

The Average True Range (ATR) for Coupang Inc. is set at 1.08, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 14.33, with the Price to Cash per share for the same quarter was set at 1.77.

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 1.70. With this latest performance, CPNG shares dropped by -14.26% in over the last four-week period, additionally plugging by 25.43% over the last 6 months – not to mention a drop of -44.36% 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 46.93, with the RSI for the last a single of trading hit 46.46, and the three-weeks RSI is set at 47.71 for Coupang Inc. [CPNG]. The present Moving Average for the last 50 days of trading for this stock 17.33, while it was recorded at 17.04 for the last single week of trading, and 17.05 for the last 200 days.

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 -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.

Coupang Inc. [CPNG] Insider Position Details

There are presently around $21,167 million, or 80.00% 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 0% of the company’s market cap and around 0.30% of the total institutional ownership; MORGAN STANLEY, holding 139,908,685 shares of the stock with an approximate value of $2.35 billion in CPNG stocks shares; and BAILLIE GIFFORD & CO, currently with $1.82 billion in CPNG stock with ownership of nearly 0.073% of the company’s market capitalization.

134 institutional holders increased their position in Coupang Inc. [NYSE:CPNG] by around 57,696,766 shares. Additionally, 134 investors decreased positions by around 52,811,143 shares, while 83 investors held positions by with 1,151,687,783 shares. The mentioned changes placed institutional holdings at 1,262,195,692 shares, according to the latest SEC report filing. CPNG stock had 40 new institutional investments in for a total of 6,476,121 shares, while 33 institutional investors sold positions of 7,675,214 shares during the same period.


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