Market Analysts see Coupang Inc [CPNG] gaining to $21. Time to buy?

Coupang Inc [NYSE: CPNG] loss -2.05% or -0.38 points to close at $18.13 with a heavy trading volume of 27533763 shares. The company report on March 5, 2024 at 8:00 AM that Coupang Partners with the U.S. Department of Commerce to Co-host EMPOWER Asia Webinars to Promote U.S. Exports.

Interactive sessions targeting women-owned U.S. businesses in the Food & Beverage and Apparel & Fashion industries focused on how to access South Korea’s dynamic consumer goods market.

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Coupang (NYSE: CPNG), a leading global retailer headquartered in Seattle, Washington, with operations in Korea and Taiwan, is pleased to continue its Strategic Partnership with the U.S. Department of Commerce and International Trade Administration (ITA) by co-hosting two interactive webinars for U.S. entrepreneurs and sellers to learn about internet-enabled cross-border trade opportunities in Korea. While special focus was placed on women-owned businesses, the sessions were open to all U.S. sellers and business owners.

The daily chart for CPNG points out that the company has recorded -2.37% loss over the past six months.

If we look at the average trading volume of 12.06M shares, CPNG reached to a volume of 27533763 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 $21.66 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 1.88. 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 Buy, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $20 to $17. The new note on the price target was released on January 16, 2024, representing the official price target for Coupang Inc stock. Previously, the target price had yet another drop from $26 to $18.50, while UBS kept a Neutral rating on CPNG stock.

The Average True Range (ATR) for Coupang Inc is set at 0.68, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.33. The Price to Book ratio for the last quarter was 7.94, with the Price to Cash per share for the same quarter was set at 3.12. Price to Free Cash Flow for CPNG in the course of the last twelve months was 18.73 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for CPNG stock

Coupang Inc [CPNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.15. With this latest performance, CPNG shares gained by 20.07% in over the last four-week period, additionally sinking by -2.37% over the last 6 months – not to mention a rise of 40.43% 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 56.77, with the RSI for the last a single of trading hit 51.28, and the three-weeks RSI is set at 58.27 for Coupang Inc [CPNG]. The present Moving Average for the last 50 days of trading for this stock 16.11, while it was recorded at 18.83 for the last single week of trading, and 16.87 for the last 200 days.

Coupang Inc [CPNG]: A deeper dive into fundamental analysis

Coupang Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.14.

Coupang Inc [CPNG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Coupang Inc posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.05/share. 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 CPNG.

An analysis of Institutional ownership at Coupang Inc [CPNG]

The top three institutional holders of CPNG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CPNG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CPNG stock with ownership which is approximately 5.8325%.