At the time of writing, Coupang Inc [CPNG] stock is trading at $22.99, up 0.66%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPNG shares have gain 2.63% over the last week, with a monthly amount glided 15.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coupang Inc [NYSE: CPNG] stock has seen the most recent analyst activity on May 16, 2024, when UBS upgraded its rating to a Buy but kept the price target unchanged to $26 for it. On April 15, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $26 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $21 on February 29, 2024. Citigroup downgraded its rating to a Neutral and reduced its price target to $17 on January 16, 2024. UBS downgraded its rating to Neutral for this stock on December 20, 2023, and downed its price target to $18.50. In a note dated August 09, 2023, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $20.
For the past year, the stock price of Coupang Inc fluctuated between $13.51 and $23.77. Currently, Wall Street analysts expect the stock to reach $19.73 within the next 12 months. Coupang Inc [NYSE: CPNG] shares were valued at $22.99 at the most recent close of the market. An investor can expect a potential drop of -14.18% based on the average CPNG price forecast.
Analyzing the CPNG fundamentals
According to Coupang Inc [NYSE:CPNG], the company’s sales were 27.18B for trailing twelve months, which represents an 25.44% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.28 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.68 points at the first support level, and at 22.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.41, and for the 2nd resistance point, it is at 23.83.
Ratios To Look Out For
It is important to note that Coupang Inc [NYSE:CPNG] has a current ratio of 1.12. In addition, the Quick Ratio stands at 0.87 and the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 10.67 and price to earnings (TTM) ratio is 39.61.
Transactions by insiders
Recent insider trading involved Sun Benjamin, Director, that happened on Aug 19 ’24 when 0.2 million shares were sold. Benjamin Sun, Managing Member, Sun Brothers LLC completed a deal on Aug 19 ’24 to buy 0.2 million shares. Meanwhile, Director GREENOAKS CAPITAL PARTNERS LLC bought 0.25 million shares on Aug 13 ’24.
