Coupang Inc [NYSE: CPNG] stock went on a downward path that fall over -4.02% on Monday, amounting to a one-week price decrease of less than -7.39%.
Over the last 12 months, CPNG stock rose by 21.04%. The one-year Coupang Inc stock forecast points to a potential upside of 22.49. The average equity rating for CPNG stock is currently 1.65, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $36.73 billion, with 1.62 billion shares outstanding and 1.17 billion shares in the current float. Compared to the average trading volume of 11.62M shares, CPNG stock reached a trading volume of 13255717 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $26.50 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 1.65. 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.
UBS have made an estimate for Coupang Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on May 03, 2024, representing the official price target for Coupang Inc stock. Previously, the target price had yet another raise from $19 to $26, while Citigroup kept a Buy rating on CPNG stock. On February 29, 2024, analysts increased their price target for CPNG shares from 18.50 to 21.
The Average True Range (ATR) for Coupang Inc is set at 0.74, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 9.04, 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 25.59 with Quick ratio for the last quarter at 0.89.
CPNG Stock Performance Analysis:
Coupang Inc [CPNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.39. With this latest performance, CPNG shares dropped by -10.19% in over the last four-week period, additionally plugging by 22.33% over the last 6 months – not to mention a rise of 21.04% 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 34.82, with the RSI for the last a single of trading hit 27.79, and the three-weeks RSI is set at 40.68 for Coupang Inc [CPNG]. The present Moving Average for the last 50 days of trading for this stock 22.13, while it was recorded at 21.69 for the last single week of trading, and 18.07 for the last 200 days.
Insight into Coupang Inc Fundamentals:
Coupang Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.15.
CPNG Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coupang Inc go to 0.70%.
Coupang Inc [CPNG] Institutonal Ownership Details
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%.
