Stocks of Coupang Inc (NYSE:CPNG) traded higher last session on Wall Street, up 0.61% to $21.31.
CPNG stock price is now -2.99% away from the 50-day moving average and 16.19% away from the 200-day moving average. The market capitalization of the company currently stands at $38.10B.
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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 673 shares of the company’s stock on Jul 02 ’24. The stock was sold for $14,220 at an average price of $21.13. Upon completion of the transaction, the insider now directly owns 180,788 shares in the company, valued at $3.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, Director Sun Benjamin sold 700,000 shares of the business’s stock. A total of $14,441,000 was realized by selling the stock at an average price of $20.63. This leaves the insider owning 2,169,421 shares of the company worth $46.23 million. A total of 34.00% 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 $36613021696, which is based on a 30.27 price-to-earnings ratio, a 43.24 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for CPNG is $21.9428 and a two-hundred day moving average price translates $18.363 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.
