Currently, there are 1.62B common shares owned by the public and among those 1.18B shares have been available to trade.
The company’s stock has a 5-day price change of -1.07% and -0.33% over the past three months. CPNG shares are trading 30.82% year to date (YTD), with the 12-month market performance up to 19.32% higher. It has a 12-month low price of $13.51 and touched a high of $23.77 over the same period. CPNG has an average intraday trading volume of 9.65 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 -0.12%, -3.67%, and 15.62% respectively.
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Institutional ownership of Coupang Inc (NYSE: CPNG) shares accounts for 51.27% of the company’s 1.62B shares outstanding.
It has a market capitalization of $37.87B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 30.08, while the earnings-per-share (ttm) stands at $0.70. The company has a PEG of 42.97 and a Quick Ratio of 0.89 with the debt-to-equity ratio at 0.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 2.79% over the month.
Earnings per share for the fiscal year are expected to decrease by -87.44%, and 482.41% over the next financial year.
Looking at the support for the CPNG, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on May 16, 2024, with the firm’s price target at $26. BofA Securities coverage for the Coupang Inc (CPNG) stock in a research note released on May 03, 2024 offered a Buy rating with a price target of $30. Citigroup was of a view on April 15, 2024 that the stock is Buy, while Deutsche Bank gave the stock Buy rating on February 29, 2024, issuing a price target of $18.50- $21. Citigroup on their part issued Neutral rating on January 16, 2024.
