Market Analysts see Coupang Inc. [CPNG] gaining to $20. Time to buy?

Coupang Inc. [NYSE: CPNG] closed the trading session at $18.58 on 09/05/23. The day’s price range saw the stock hit a low of $18.55, while the highest price level was $18.99. The company report on August 8, 2023 at 4:00 PM that Coupang Announces Results for Second Quarter 2023.

Net Revenues of $5.8 billion, up 16% YoY and 21% on an FX-neutral basis.

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The stocks have a year to date performance of 26.31 percent and weekly performance of 1.42 percent. The stock has been moved at 29.57 percent over the last six months. The stock has performed 3.91 percent around the most recent 30 days and changed 18.65 percent over the most recent 3-months.

If compared to the average trading volume of 8.17M shares, CPNG reached to a volume of 6033974 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPNG shares is $22.51 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 2.40. 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.

Deutsche Bank have made an estimate for Coupang Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 09, 2023.

The Average True Range (ATR) for Coupang Inc. is set at 0.53, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 11.91, with the Price to Cash per share for the same quarter was set at 2.53. Price to Free Cash Flow for CPNG in the course of the last twelve months was 30.32 with Quick ratio for the last quarter at 0.90.

CPNG stock trade performance evaluation

Coupang Inc. [CPNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.42. With this latest performance, CPNG shares gained by 3.91% in over the last four-week period, additionally plugging by 29.57% over the last 6 months – not to mention a rise of 11.46% 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 52.55, with the RSI for the last a single of trading hit 50.08, and the three-weeks RSI is set at 53.89 for Coupang Inc. [CPNG]. The present Moving Average for the last 50 days of trading for this stock 17.92, while it was recorded at 18.79 for the last single week of trading, and 16.64 for the last 200 days.

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

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]: Institutional Ownership

The top three institutional holders of CPNG stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in CPNG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in CPNG stock with ownership which is approximately 5.7381%.

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