Coupang Inc. (NYSE:CPNG) price on Wednesday, August 25, fall -2.89% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $30.86.
A look at the stock’s price movement, the close in the last trading session was $31.78, moving within a range at $30.75 and $32.00. Turning to its 52-week performance, $69.00 and $30.18 were the 52-week high and 52-week low respectively. Overall, CPNG moved -17.79% over the past month.
Coupang Inc.’s market cap currently stands at around $54.31 billion, with investors looking forward to this quarter’s earnings report slated for May 12, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.15, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.59 and about -$0.33 for fiscal year 2022.
Analysts have a consensus estimate of $4.48 billion for the company’s revenue for the quarter, with a low and high estimate of $4.31 billion and $4.55 billion respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 3 recommend CPNG as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CPNG’s current price about -13.22% and -19.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.25, while 7-day volatility ratio is 4.66% and 5.02% in the 30-day chart. Further, Coupang Inc. (CPNG) has a beta value of 0, and an average true range (ATR) of 1.74. Analysts have given the company’s stock an average 52-week price target of $44.70, forecast between a low of $37.00 and high of $61.00. Looking at the price targets, the low is -19.9% off current price level while to achieve the yearly target high, price needs to move -97.67%. Nonetheless, investors will most likely welcome a -39.34% jump to $43.00 which is the analysts’ median price.
In the market, a comparison of Coupang Inc. (CPNG) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Coupang Inc. (NYSE:CPNG), historical trading data shows that trading volumes averaged 12.95 million over the past 10 days and 5.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.74 billion shares.
The 0.50% of Coupang Inc.’s shares are in the hands of company insiders while institutional holders own 84.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 50.51 million on May 27, 2021, giving us a short ratio of 9.44. The data shows that as of May 27, 2021 short interest in Coupang Inc. (CPNG) stood at 2.92% of shares outstanding, with shares short rising to 42.24 million registered in Apr 29, 2021. Current price change has pushed the stock -37.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CPNG stock continues to rise going into the next quarter.