Coupang Inc (NYSE:CPNG) shares traded 1.57% higher at $20.67 on Wall Street last session.
CPNG stock price is now -2.95% away from the 50-day moving average and 11.29% away from the 200-day moving average. The market capitalization of the company currently stands at $36.96B.
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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, Pranam Kolari, affiliate bought 10,432 shares of the company’s stock on Aug 02 ’24. The stock was bought for $207,597 at an average price of $19.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Kolari Pranam sold 10,432 shares of the business’s stock. A total of $207,597 was realized by selling the stock at an average price of $19.90. This leaves the insider owning 170,356 shares of the company worth $3.52 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 $35468709888, which is based on a 29.36 price-to-earnings ratio, a 41.94 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for CPNG is $21.265 and a two-hundred day moving average price translates $18.59025 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. For the current quarter, analysts expect CPNG to generate $7.38B in revenue.
