The price of Coupang Inc (NYSE:CPNG) shares last traded on Wall Street rose 1.83% to $23.42.
CPNG stock price is now 8.23% away from the 50-day moving average and 21.26% away from the 200-day moving average. The market capitalization of the company currently stands at $42.01B.
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With the price target enhanced from $18 to $31, CLSA Upgraded its rating from Hold to Outperform for Coupang Inc (NYSE: CPNG). On May 16, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $26, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, GREENOAKS CAPITAL PARTNERS LLC, Director bought 200,000 shares of the company’s stock on Aug 22 ’24. The stock was bought for $4,586,340 at an average price of $22.93. Upon completion of the transaction, the Director now directly owns 50,676,224 shares in the company, valued at $1.19 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, Director GREENOAKS CAPITAL PARTNERS LLC bought 100,000 shares of the business’s stock. A total of $2,294,980 was incurred on buying the stock at an average price of $22.95. This leaves the insider owning 50,476,224 shares of the company worth $1.18 billion. A total of 33.90% 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 $23.99. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.12, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $40278556672, which is based on a 40.35 price-to-earnings ratio, a 57.64 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for CPNG is $21.6858 and a two-hundred day moving average price translates $19.35015 for the stock.
The latest earnings results from Coupang Inc (NYSE: CPNG) was released for 2024-06-30. The net profit margin was 3.87% and return on equity was 31.71% for CPNG. The company reported revenue of $7.32 billion for the quarter, compared to $5.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.44 percent.
