Coupang Inc (NYSE: CPNG) Loses -8.95% From High. Why That Could Change?

Currently, there are 1.62B common shares owned by the public and among those 1.17B shares have been available to trade.

The company’s stock has a 5-day price change of 3.59% and 11.18% over the past three months. CPNG shares are trading 12.42% year to date (YTD), with the 12-month market performance up to 16.15% higher. It has a 12-month low price of $13.51 and touched a high of $19.99 over the same period. CPNG has an average intraday trading volume of 12.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.06%, 10.48%, and 7.33% respectively.

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Institutional ownership of Coupang Inc (NYSE: CPNG) shares accounts for 50.25% of the company’s 1.62B shares outstanding.

It has a market capitalization of $32.64B and a beta (3y monthly) value of 1.32. The stock’s trailing 12-month PE ratio is 24.21, while the earnings-per-share (ttm) stands at $0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 3.34% over the month.

Analysts forecast that Coupang Inc (CPNG) will achieve an EPS of $0.06 for the current quarter, $0.07 for the next quarter and $0.59 for 2025. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -61.48%, and 108.91% over the next financial year.

Looking at the support for the CPNG, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on February 29, 2024, with the firm’s price target at $18.50-$21. Citigroup coverage for the Coupang Inc (CPNG) stock in a research note released on January 16, 2024 offered a Neutral rating with a price target of $17. UBS was of a view on December 20, 2023 that the stock is Neutral, while Deutsche Bank gave the stock Hold rating on August 09, 2023, issuing a price target of $20. BofA Securities on their part issued Neutral rating on March 02, 2023.

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