Coupang Inc [NYSE: CPNG] gained 2.22% on the last trading session, reaching $23.00 price per share at the time.
If compared to the average trading volume of 14.87M shares, CPNG reached a trading volume of 11684285 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 $23.72 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 1.75. 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.
BofA Securities have made an estimate for Coupang Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 03, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $19 to $26. The new note on the price target was released on April 15, 2024, representing the official price target for Coupang Inc stock. Previously, the target price had yet another raise from $18.50 to $21, while Deutsche Bank kept a Buy rating on CPNG stock. On January 16, 2024, analysts decreased their price target for CPNG shares from 20 to 17.
The Average True Range (ATR) for Coupang Inc is set at 0.72, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.69. The Price to Book ratio for the last quarter was 10.07, 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 23.76 with Quick ratio for the last quarter at 0.90.
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 0.39. With this latest performance, CPNG shares gained by 25.55% in over the last four-week period, additionally plugging by 45.57% over the last 6 months – not to mention a rise of 35.69% 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 70.02, with the RSI for the last a single of trading hit 68.62, and the three-weeks RSI is set at 69.79 for Coupang Inc [CPNG]. The present Moving Average for the last 50 days of trading for this stock 19.62, while it was recorded at 22.66 for the last single week of trading, and 17.44 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.
An analysis of Institutional ownership at Coupang Inc [CPNG]
The top three institutional holders of CPNG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CPNG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CPNG stock with ownership which is approximately 5.8386%.
