Currently, there are 1.62B common shares owned by the public and among those 1.19B shares have been available to trade.
The company’s stock has a 5-day price change of -2.04% and 16.89% over the past three months. CPNG shares are trading 50.90% year to date (YTD), with the 12-month market performance up to 43.71% higher. It has a 12-month low price of $13.51 and touched a high of $25.19 over the same period. CPNG has an average intraday trading volume of 6.76 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 2.35%, 8.36%, and 22.67% respectively.
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Institutional ownership of Coupang Inc (NYSE: CPNG) shares accounts for 51.83% of the company’s 1.62B shares outstanding.
It has a market capitalization of $43.82B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 42.09, while the earnings-per-share (ttm) stands at $0.58. The company has a PEG of 60.13 and a Quick Ratio of 0.87 with the debt-to-equity ratio at 0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 3.23% over the month.
Earnings per share for the fiscal year are expected to decrease by -100.88%, and 8301.89% over the next financial year.
Looking at the support for the CPNG, a number of firms have released research notes about the stock. CLSA stated their Outperform rating for the stock in a research note on September 04, 2024, with the firm’s price target at $18-$31. UBS coverage for the Coupang Inc (CPNG) stock in a research note released on May 16, 2024 offered a Buy rating with a price target of $26. BofA Securities was of a view on May 03, 2024 that the stock is Buy, while Citigroup gave the stock Buy rating on April 15, 2024, issuing a price target of $19- $26. Deutsche Bank on their part issued Buy rating on February 29, 2024.
