While Coupang Inc has overperformed by 1.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CPNG rose by 51.08%, with highs and lows ranging from $26.91 to $13.51, whereas the simple moving average jumped by 6.40% in the last 200 days.
On October 07, 2024, Bernstein Upgraded Coupang Inc (NYSE: CPNG) to Outperform. A report published by CLSA on September 04, 2024, Upgraded its rating to ‘Outperform’ for CPNG. UBS also Upgraded CPNG shares as ‘Buy’, setting a target price of $26 on the company’s shares in a report dated May 16, 2024. BofA Securities Initiated an Buy rating on May 03, 2024, and assigned a price target of $30. Citigroup April 15, 2024d its ‘Neutral’ rating to ‘Buy’ for CPNG, as published in its report on April 15, 2024. Deutsche Bank’s report from February 29, 2024 suggests a price prediction of $21 for CPNG shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Neutral’.
Analysis of Coupang Inc (CPNG)
Further, the quarter-over-quarter increase in sales is 27.21%, showing a positive trend in the upcoming months.
Coupang Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 28.94% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CPNG has an average volume of 7.80M. On a monthly basis, the volatility of the stock is set at 2.79%, whereas on a weekly basis, it is put at 2.26%, with a loss of -0.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.71, showing growth from the present price of $23.72, which can serve as yet another indication of whether CPNG is worth investing in or should be passed over.
How Do You Analyze Coupang Inc Shares?
Internet Retail giant Coupang Inc (CPNG) is based in the USA and is one of the largest companies in the market. When comparing Coupang Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 41.75, there is a growth in quarterly earnings of -24.16%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 33.99%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 51.33% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CPNG shares are owned by institutional investors to the tune of 51.33% at present.
