Coupang Inc [NYSE: CPNG] gained 0.78% on the last trading session, reaching $21.97 price per share at the time.
If compared to the average trading volume of 7.72M shares, CPNG reached a trading volume of 6013445 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 $29.75 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 1.62. 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.
Bernstein have made an estimate for Coupang Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 07, 2024. While these analysts kept the previous recommendation, CLSA raised their target price from $18 to $31. The new note on the price target was released on September 04, 2024, representing the official price target for Coupang Inc stock. Previously, the target price had yet another raise to $26, while UBS analysts kept a Buy rating on CPNG stock.
The Average True Range (ATR) for Coupang Inc is set at 0.67, with the Price to Sales ratio for CPNG stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 9.42, with the Price to Cash per share for the same quarter was set at 3.31. Price to Free Cash Flow for CPNG in the course of the last twelve months was 43.43 with Quick ratio for the last quarter at 0.86.
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 -1.17. With this latest performance, CPNG shares dropped by -8.04% in over the last four-week period, additionally plugging by 3.73% over the last 6 months – not to mention a rise of 32.91% 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 40.45, with the RSI for the last a single of trading hit 41.41, and the three-weeks RSI is set at 41.08 for Coupang Inc [CPNG]. The present Moving Average for the last 50 days of trading for this stock 23.81, while it was recorded at 22.03 for the last single week of trading, and 22.77 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 0.86 and a Current Ratio set at 1.13.
An analysis of Institutional ownership at Coupang Inc [CPNG]
There are presently around $85.29%, or 85.97%% of CPNG stock, in the hands of institutional investors. The top three institutional holders of CPNG stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 349.54 million shares, which is approximately 19.484%. BAILLIE GIFFORD & CO, holding 171.35 million shares of the stock with an approximate value of $$3.59 billion in CPNG stocks shares; and BAILLIE GIFFORD & CO, currently with $$1.8 billion in CPNG stock with ownership which is approximately 4.7874%.
