In yesterday’s Wall Street session, Coupang Inc (NYSE:CPNG) shares traded at $26.89, up 4.63% from the previous session.
CPNG stock price is now 9.57% away from the 50-day moving average and 27.17% away from the 200-day moving average. The market capitalization of the company currently stands at $48.23B.
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With the price target maintained at $30, Bernstein recently Upgraded its rating from Underperform to Outperform for Coupang Inc (NYSE: CPNG). On September 04, 2024, CLSA Upgraded its previous ‘Hold’ rating to ‘Outperform’ on the stock increasing its target price from $18 to quote $31, while ‘UBS’ rates the stock as ‘Buy’
In other news, Pranam Kolari, affiliate bought 11,631 shares of the company’s stock on Nov 04 ’24. The stock was bought for $295,427 at an average price of $25.40. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’24, Kolari Pranam sold 956 shares of the business’s stock. A total of $23,164 was realized by selling the stock at an average price of $24.23. This leaves the insider owning 163,165 shares of the company worth $4.39 million. A total of 33.81% 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 $26.44. 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 $46502711296, which is based on a 46.33 price-to-earnings ratio, a 66.19 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for CPNG is $24.46 and a two-hundred day moving average price translates $21.0854 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.
