The stock of Coupang Inc (NYSE:CPNG) last traded at $23.10, up 0.83% from the previous session.
CPNG stock price is now 22.00% away from the 50-day moving average and 33.36% away from the 200-day moving average. The market capitalization of the company currently stands at $41.43B.
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With the price target enhanced from $19 to $26, Citigroup Upgraded its rating from Neutral to Buy for Coupang Inc (NYSE: CPNG). On February 29, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $18.50 to quote $21, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Rogers Harold, insider sold 139,080 shares of the company’s stock on Mar 18 ’24. The stock was sold for $2,538,210 at an average price of $18.25. Upon completion of the transaction, the insider now directly owns 394,192 shares in the company, valued at $9.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Director MEHTA NEIL sold 1,600,000 shares of the business’s stock. A total of $29,894,831 was realized by selling the stock at an average price of $18.68. This leaves the insider owning 48,006,135 shares of the company worth $1.11 billion. A total of 34.58% of the company’s stock is owned by insiders.
During the past 12 months, Coupang Inc has had a low of $13.51 and a high of $23.40. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.14, and a quick ratio of 0.90.
According to the Internet Retail Company, earnings per share came in at 0.05, inline with analysts’ expectations of 0.05. This compares to $0.06 EPS in the same period last year. The net profit margin was 5.57% and return on equity was 41.81% for CPNG. The company reported revenue of $6.56 billion for the quarter, compared to $5.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.16 percent. For the current quarter, analysts expect CPNG to generate $6.91B in revenue.
