Coupang Inc (NYSE:CPNG) shares, rose in value, with the stock price down by -0.44% to the previous day’s close as strong demand from buyers drove the stock to $18.24.
Actively observing the price movement in the last trading, the stock closed the session at $18.32. The value of beta (5-year monthly) was 1.33 whereas the PE ratio was 24.26 over 12-month period. Referring to stock’s 52-week performance, its high was $19.99, and the low was $13.51. On the whole, CPNG has fluctuated by -3.80% over the past month.
With the market capitalization of Coupang Inc currently standing at about $32.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.06, which is expected to increase to $0.09 for fiscal year $0.27 and then to about $0.58 by fiscal year 2025. Data indicates that the EPS growth is expected to be 3.80% in 2025, while the next year’s EPS growth is forecast to be 114.80%.
Analysts have estimated the company’s revenue for the quarter at $6.79 billion, with a low estimate of $6.49 billion and a high estimate of $7.19 billion. According to the average forecast, sales growth in current quarter could jump up 17.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $28.78 billion, representing an increase of 18.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CPNG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CPNG currently trading nearly -0.16% and 8.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.28, while the 7-day volatility ratio is showing 2.61% which for the 30-day chart, stands at 3.22%. Furthermore, Coupang Inc (CPNG)’s beta value is 1.29, and its average true range (ATR) is 0.55.
A comparison of Coupang Inc (CPNG) with its peers suggests the former has fared considerably weaker in the market. CPNG showed an intraday change of -0.44% in last session, and over the past year, it grew by 11.83%%.
Data on historical trading for Coupang Inc (NYSE:CPNG) indicates that the trading volumes over the past 10 days have averaged 11.26 million and over the past 3 months, they’ve averaged 12.67 million. According to company’s latest data on outstanding shares, there are 1.62 billion shares outstanding.
Nearly 34.66% of Coupang Inc’s shares belong to company insiders and institutional investors own 50.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.13 million shares as on Mar 15, 2024, resulting in a short ratio of 1.6. According to the data, the short interest in Coupang Inc (CPNG) stood at 1.68% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 20.14 million. The stock has risen by 12.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CPNG stock heading into the next quarter.
