The closing price of Coupang Inc (NYSE: CPNG) was $18.51 for the day, down -5.66% from the previous closing price of $19.62. In other words, the price has decreased by -$1.11 from its previous closing price. On the day, 23103328 shares were traded. CPNG stock price reached its highest trading level at $19.68 during the session, while it also had its lowest trading level at $18.36.
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Ratios:
Our analysis of CPNG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.12. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on February 29, 2024, Upgraded its rating to Buy and sets its target price to $21 from $18.50 previously.
On January 16, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $20 to $17.
UBS Downgraded its Buy to Neutral on December 20, 2023, whereas the target price for the stock was revised from $26 to $18.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 13 ’24 when SVF Investments (UK) Ltd sold 15,000,000 shares for $19.60 per share. The transaction valued at 294,000,000 led to the insider holds 349,542,259 shares of the business.
SVF Investments (UK) Ltd sold 31,614,154 shares of CPNG for $600,927,187 on Mar 12 ’24. The 10% Owner now owns 364,542,259 shares after completing the transaction at $19.01 per share. On Mar 12 ’24, another insider, Kang Hanseung, who serves as the Rep Director, Business Mngmt of the company, sold 48,000 shares for $19.25 each. As a result, the insider received 924,000 and left with 519,987 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CPNG now has a Market Capitalization of 33.19B and an Enterprise Value of 30.74B. As of this moment, Coupang’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.62, and their Forward P/E ratio for the next fiscal year is 30.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 8.11. Its current Enterprise Value per Revenue stands at 1.26 whereas that against EBITDA is 33.89.
Stock Price History:
Over the past 52 weeks, CPNG has reached a high of $19.99, while it has fallen to a 52-week low of $12.66. The 50-Day Moving Average of the stock is 16.06, while the 200-Day Moving Average is calculated to be 16.86.
Shares Statistics:
CPNG traded an average of 11.92M shares per day over the past three months and 20.65M shares per day over the past ten days. A total of 1.62B shares are outstanding, with a floating share count of 1.12B. Insiders hold about 37.48% of the company’s shares, while institutions hold 50.24% stake in the company. Shares short for CPNG as of Feb 29, 2024 were 23.85M with a Short Ratio of 2.00, compared to 21.33M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.33% and a Short% of Float of 2.15%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.04, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.07, with high estimates of $0.1 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.44 and $0.13 for the fiscal current year, implying an average EPS of $0.28. EPS for the following year is $0.6, with 8 analysts recommending between $0.74 and $0.31.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $7.19B to a low estimate of $6.49B. As of the current estimate, Coupang Inc’s year-ago sales were $5.8B, an estimated increase of 17.00% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for CPNG’s current fiscal year. The highest revenue estimate was $30.37B, while the lowest revenue estimate was $25.92B, resulting in an average revenue estimate of $28.82B. In the same quarter a year ago, actual revenue was $24.38B, up 18.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $33.37B in the next fiscal year. The high estimate is $34.23B and the low estimate is $31.29B. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.
