Coupang Inc (NYSE:CPNG) price closed higher on Friday, April 12, jumping 11.49% above its previous close.
A look at the daily price movement shows that the last close reads $19.06. The company’s 5Y monthly beta was ticking 1.32 while its P/E ratio in the trailing 12-month period read 28.26. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.99 and 52-week low of $13.51. The stock added 8.31% on its value in the past month. Coupang Inc, which has a market valuation of $38.11 billion, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CPNG a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that CPNG’s price is at present 16.44% off the SMA20 and 23.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 79.86, with weekly volatility standing at 3.63%. The indicator jumps to 3.09% when calculated based on the past 30 days. Coupang Inc (NYSE:CPNG)’s beta value is holding at 1.29, while the average true range (ATR) indicator is currently reading 0.69. An analysis of the Coupang Inc (NYSE:CPNG) stock in terms of its daily trading volume indicates that the 3-month average is 13.21 million.
Current records show that the company has 1.62B in outstanding shares. The insiders’ percentage holdings are 34.58% of outstanding shares while the percentage share held by institutions stands at 50.18%. But the 31.25% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
