Market Momentum: Coupang Inc (CPNG) Registers a 0.14 Increase, Closing at 22.25

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Coupang Inc (NYSE: CPNG) closed the day trading at $22.25 up 0.14% from the previous closing price of $22.22. In other words, the price has increased by $0.14 from its previous closing price. On the day, 6.66 million shares were traded. CPNG stock price reached its highest trading level at $22.4 during the session, while it also had its lowest trading level at $21.995.

Ratios:

For a better understanding of CPNG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.67.

On April 15, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $19 to $26.

Deutsche Bank Upgraded its Hold to Buy on February 29, 2024, whereas the target price for the stock was revised from $18.50 to $21.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 14 ’24 when GREENOAKS CAPITAL PARTNERS LLC bought 298,550 shares for $22.28 per share. The transaction valued at 6,650,440 led to the insider holds 48,924,924 shares of the business.

GREENOAKS CAPITAL PARTNERS LLC bought 500,000 shares of CPNG for $11,029,950 on May 13 ’24. The Director now owns 48,626,374 shares after completing the transaction at $22.06 per share. On May 10 ’24, another insider, GREENOAKS CAPITAL PARTNERS LLC, who serves as the Director of the company, bought 120,239 shares for $22.53 each. As a result, the insider paid 2,709,057 and bolstered with 48,126,374 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 39729156096 and an Enterprise Value of 38293729280. As of this moment, Coupang’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.60, and their Forward P/E ratio for the next fiscal year is 38.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 9.79. Its current Enterprise Value per Revenue stands at 1.49 whereas that against EBITDA is 49.732.

Stock Price History:

The Beta on a monthly basis for CPNG is 1.12, which has changed by 0.38715708 over the last 52 weeks, in comparison to a change of 0.26159418 over the same period for the S&P500. Over the past 52 weeks, CPNG has reached a high of $23.77, while it has fallen to a 52-week low of $13.51. The 50-Day Moving Average of the stock is 10.08%, while the 200-Day Moving Average is calculated to be 26.38%.

Shares Statistics:

Over the past 3-months, CPNG traded about 15.59M shares per day on average, while over the past 10 days, CPNG traded about 13832060 shares per day. A total of 1.62B shares are outstanding, with a floating share count of 1.17B. Insiders hold about 34.60% of the company’s shares, while institutions hold 52.27% stake in the company. Shares short for CPNG as of 1714435200 were 28165055 with a Short Ratio of 1.81, compared to 1711584000 on 28863521. Therefore, it implies a Short% of Shares Outstanding of 28165055 and a Short% of Float of 2.8499998.

Earnings Estimates

Current recommendations for the stock of the company come from 6.0 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.0, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.07, with high estimates of $0.14 and low estimates of $0.01.

Analysts are recommending an EPS of between $0.51 and $0.02 for the fiscal current year, implying an average EPS of $0.28. EPS for the following year is $0.61, with 12.0 analysts recommending between $0.87 and $0.33.

Revenue Estimates

For the next quarter, 8 analysts are estimating revenue of $7.61B. There is a high estimate of $8.01B for the next quarter, whereas the lowest estimate is $6.99B.

A total of 17 analysts have provided revenue estimates for CPNG’s current fiscal year. The highest revenue estimate was $31.4B, while the lowest revenue estimate was $27.49B, resulting in an average revenue estimate of $29.7B. In the same quarter a year ago, actual revenue was $24.38BBased on 16 analysts’ estimates, the company’s revenue will be $34.41B in the next fiscal year. The high estimate is $36.92B and the low estimate is $31.29B.

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