Coupang Inc. (NYSE: CPNG): Should Value Hunters Buy Stock? – Stocks Register
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Coupang Inc. (NYSE: CPNG): Should Value Hunters Buy Stock?

Coupang Inc. (NYSE:CPNG) price closed higher on Monday, September 13, jumping 1.80% above its previous close.

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A look at the daily price movement shows that the last close reads $29.98, with intraday deals fluctuated between $29.93 and $30.88. Taking into account the 52-week price action we note that the stock hit a 52-week high of $69.00 and 52-week low of $28.96. The stock subtracted -10.58% on its value in the past month.


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Coupang Inc., which has a market valuation of $53.45 billion, is expected to release its quarterly earnings report Aug 11, 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 11 analysts have assigned CPNG a recommendation rating as follows: 5 rate it as a Hold; 5 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Coupang Inc. (CPNG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that CPNG’s price is at present -2.37% off the SMA20 and -15.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.65, with weekly volatility standing at 5.72%. The indicator jumps to 4.96% when calculated based on the past 30 days. Coupang Inc. (NYSE:CPNG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.62. Considering analysts have assigned the stock a price target range of $37.00-$61.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $44.82. Based on this estimate, we see that current price is roughly -21.23% off the estimated low and -99.87% off the forecast high. Investors will no doubt be excited to see the share price fall to $43.00, which is the median consensus price, and at that level CPNG would be -40.89% from current price.

An analysis of the Coupang Inc. (NYSE:CPNG) stock in terms of its daily trading volume indicates that the 3-month average is 7.53 million.

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Current records show that the company has 1.74B in outstanding shares. The insiders’ percentage holdings are 0.50% of outstanding shares while the percentage share held by institutions stands at 84.20%. But the -38.03% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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