Coupang Inc (CPNG) Volatility Spurs A Quest For Clarity

Currently, there are 1.60B common shares owned by the public and among those 1.17B shares have been available to trade.

Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 140,267 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 4,527,327 shares.

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However, the script later moved the day high at 14.56, down -0.28%. The company’s stock has a 5-day price change of 1.83% and -5.98% over the past three months. CPNG shares are trading -10.69% year to date (YTD), with the 12-month market performance down to -11.51% lower. It has a 12-month low price of $12.66 and touched a high of $19.99 over the same period. CPNG has an average intraday trading volume of 1.65 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.82%, -6.52%, and -13.72% respectively.

Institutional ownership of Coupang Inc (NYSE: CPNG) shares accounts for 49.01% of the company’s 1.60B shares outstanding.

It has a market capitalization of $25.85B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 60.58, while the earnings-per-share (ttm) stands at $0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 2.90% over the month.

Analysts forecast that Coupang Inc (CPNG) will achieve an EPS of $0.06 for the current quarter, $0.09 for the next quarter and $0.42 for 2024. The lowest estimate earnings-per-share for the quarter is $0.05 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 592.59%, and 66.27% over the next financial year.

Looking at the support for the CPNG, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on January 16, 2024, with the firm’s price target at $20-$17.

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