Coupa Software Incorporated [COUP] is 1.57% higher this YTD. Is it still time to buy?

Coupa Software Incorporated [NASDAQ: COUP] gained 0.51% or 0.41 points to close at $80.41 with a heavy trading volume of 3569496 shares. The company report on February 14, 2023 that With Recession Pressure Mounting, More Than 1 in 3 CFOs Worry about Paying Employees on Time.

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Coupa’s inaugural Strategic CFO survey reveals the tradeoffs CFOs are making between cost-cutting and profit-building strategies to remain competitive.

The imminent threat of a recession is increasing worry among CFOs, forcing them to make short-term business decisions that may significantly impact growth levers for the long-term.

It opened the trading session at $80.00, the shares rose to $80.56 and dropped to $79.945, the range by which the price of stock traded the whole day. The daily chart for COUP points out that the company has recorded 32.19% gains over the past six months. However, it is still -99.58% lower than its most recent low trading price.

If we look at the average trading volume of 4.30M shares, COUP reached to a volume of 3569496 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 Coupa Software Incorporated [COUP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COUP shares is $79.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COUP stock is a recommendation set at 2.90. 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.

SMBC Nikko have made an estimate for Coupa Software Incorporated shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 12, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $67 to $55. The new note on the price target was released on October 20, 2022, representing the official price target for Coupa Software Incorporated stock. Previously, the target price had yet another raise to $60, while Credit Suisse analysts kept a Underperform rating on COUP stock.

The Average True Range (ATR) for Coupa Software Incorporated is set at 0.37, with the Price to Sales ratio for COUP stock in the period of the last 12 months amounting to 7.42. The Price to Book ratio for the last quarter was 21.56, with the Price to Cash per share for the same quarter was set at 11.39. Price to Free Cash Flow for COUP in the course of the last twelve months was 30.88 with Quick ratio for the last quarter at 1.80.

Trading performance analysis for COUP stock

Coupa Software Incorporated [COUP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.30. With this latest performance, COUP shares gained by 0.71% in over the last four-week period, additionally plugging by 32.19% over the last 6 months – not to mention a drop of -28.14% 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 COUP stock in for the last two-week period is set at 73.17, with the RSI for the last a single of trading hit 76.44, and the three-weeks RSI is set at 69.18 for Coupa Software Incorporated [COUP]. The present Moving Average for the last 50 days of trading for this stock 79.41, while it was recorded at 80.08 for the last single week of trading, and 66.14 for the last 200 days.

Coupa Software Incorporated [COUP]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Coupa Software Incorporated [COUP] shares currently have an operating margin of -33.59 and a Gross Margin at +49.62. Coupa Software Incorporated’s Net Margin is presently recorded at -52.26.

Return on Equity for this stock declined to -39.20, with Return on Assets sitting at -12.04.

Coupa Software Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

Coupa Software Incorporated [COUP]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COUP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coupa Software Incorporated go to 10.33%.

An analysis of insider ownership at Coupa Software Incorporated [COUP]

There are presently around $5,927 million, or 96.77% of COUP stock, in the hands of institutional investors. The top three institutional holders of COUP stocks are: VANGUARD GROUP INC with ownership of 7,206,556, which is approximately 0.922% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 4,190,663 shares of the stock with an approximate value of $336.97 million in COUP stocks shares; and GWM ASSET MANAGEMENT LTD, currently with $321.64 million in COUP stock with ownership of nearly New of the company’s market capitalization.

Positions in Coupa Software Incorporated stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 214 institutional holders increased their position in Coupa Software Incorporated [NASDAQ:COUP] by around 26,601,008 shares. Additionally, 237 investors decreased positions by around 29,174,372 shares, while 30 investors held positions by with 17,931,170 shares. The mentioned changes placed institutional holdings at 73,706,550 shares, according to the latest SEC report filing. COUP stock had 126 new institutional investments in for a total of 16,293,175 shares, while 115 institutional investors sold positions of 9,109,235 shares during the same period.


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