The stock of Coupang Inc (NYSE:CPNG) last traded at $22.84, up 0.13% from the previous session.
CPNG stock price is now 8.80% away from the 50-day moving average and 28.12% away from the 200-day moving average. The market capitalization of the company currently stands at $40.84B.
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With the price target maintained at $26, UBS recently Upgraded its rating from Neutral to Buy for Coupang Inc (NYSE: CPNG). , while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Kolari Pranam, insider sold 6,490 shares of the company’s stock on May 20 ’24. The stock was sold for $148,816 at an average price of $22.93. Upon completion of the transaction, the insider now directly owns 181,461 shares in the company, valued at $4.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Director GREENOAKS CAPITAL PARTNERS LLC bought 298,550 shares of the business’s stock. A total of $6,650,440 was incurred on buying the stock at an average price of $22.28. This leaves the insider owning 48,924,924 shares of the company worth $1.12 billion. A total of 34.54% 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 $23.77. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 1.15, and a quick ratio of 0.89. According to the stock market information, the enterprise value for the company is $39295000576, which is based on a 32.44 price-to-earnings ratio, a 46.34 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for CPNG is $20.9924 and a two-hundred day moving average price translates $17.82655 for the stock.
The latest earnings results from Coupang Inc (NYSE: CPNG) was released for 2024-03-31. The net profit margin was 4.96% and return on equity was 38.36% for CPNG. The company reported revenue of $7.11 billion for the quarter, compared to $5.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.63 percent.
