Coupang Inc (NYSE:CPNG) shares, rose in value on Thursday, April 25, with the stock price down by -1.82% to the previous day’s close as strong demand from buyers drove the stock to $22.39.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.80. The PE ratio was 29.77 over 12-month period. Referring to stock’s 52-week performance, its high was $22.97, and the low was $13.51. On the whole, CPNG has fluctuated by 27.19% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 29.06B, with a low estimate of 6.53B and a high estimate of 7.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.91B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CPNG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 11.19% and 20.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.08, while the 7-day volatility ratio is showing 2.71% which for the 30-day chart, stands at 3.27%. Furthermore, Coupang Inc (CPNG)’s beta value is 1.15, and its average true range (ATR) is 0.75.
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 -1.82% in today’s session so far, and over the past year, it grew by 42.67%%.
Data on historical trading for Coupang Inc (NYSE:CPNG) indicates that the trading volumes over the past 3 months, they’ve averaged 14.63 million. According to company’s latest data on outstanding shares, there are 1.62 billion shares outstanding.
Nearly 34.63% of Coupang Inc’s shares belong to company insiders and institutional investors own 50.19% of the company’s shares. The stock has risen by 38.26% 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.
