Coupang Inc (NYSE:CPNG) price on Thursday, November 14, fall -2.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.33.
A look at the stock’s price movement, the close in the last trading session was $25.90, moving within a range at $25.3 and $26.045. The beta value (5-Year monthly) was 1.098 while the PE ratio in trailing twelve months stood at 44.59. Turning to its 52-week performance, $26.91 and $13.51 were the 52-week high and 52-week low respectively. Overall, CPNG moved -0.20% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Coupang Inc’s market cap currently stands at around $45.57 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CPNG is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
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 3 analyst(s) rate the stock as a Hold, 6 recommend CPNG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 63.70, with CPNG’s current price about -0.06% and 1.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.32, while 7-day volatility ratio is 3.81% and 2.97% in the 30-day chart. Further, Coupang Inc (CPNG) has a beta value of 1.08, and an average true range (ATR) of 0.93. Analysts have given the company’s stock an average 52-week price target of $27, forecast between a low of $19 and high of $31. Looking at the price targets, the low is 24.99% off current price level while to achieve the yearly target high, price needs to move -22.38%. Nonetheless, investors will most likely welcome a -6.59% jump to $27 which is the analysts’ median price.
If we refocus on Coupang Inc (NYSE:CPNG), historical trading data shows that trading volumes averaged 12.8 over the past 10 days and 7.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.62 billion shares.
The 33.79% of Coupang Inc’s shares are in the hands of company insiders while institutional holders own 52.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.49 million on 2024-10-31, giving us a short ratio of 2.36. The data shows that as of 2024-10-31 short interest in Coupang Inc (CPNG) stood at 135.0 of shares outstanding, with shares short falling to 14.3 million registered in 2024-09-30. Current price change has pushed the stock 56.45% 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.
