The price of Coupang Inc (NYSE:CPNG) shares last traded on Wall Street fell -1.38% to $21.40.
CPNG stock price is now -2.82% away from the 50-day moving average and 18.57% away from the 200-day moving average. The market capitalization of the company currently stands at $38.26B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Kang Hanseung, Rep Director, Business Mngmt sold 40,000 shares of the company’s stock on May 30 ’24. The stock was sold for $920,000 at an average price of $23.00. Upon completion of the transaction, the Rep Director, Business Mngmt now directly owns 544,478 shares in the company, valued at $11.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Kolari Pranam sold 6,490 shares of the business’s stock. A total of $148,816 was realized by selling the stock at an average price of $22.93. This leaves the insider owning 181,461 shares of the company worth $3.88 million. A total of 34.62% 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 $36773941248, which is based on a 30.39 price-to-earnings ratio, a 43.42 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CPNG is $22.0818 and a two-hundred day moving average price translates $18.0623 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.
