Coupang Inc (NYSE:CPNG) shares traded -0.44% lower at $18.24 on Wall Street last session.
CPNG stock price is now 8.93% away from the 50-day moving average and 7.40% away from the 200-day moving average. The market capitalization of the company currently stands at $32.71B.
With the price target enhanced from $18.50 to $21, Deutsche Bank Upgraded its rating from Hold to Buy for Coupang Inc (NYSE: CPNG). On January 16, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $20 to quote $17, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Rogers Harold, insider sold 139,080 shares of the company’s stock on Mar 18 ’24. The stock was sold for $2,538,210 at an average price of $18.25. Upon completion of the transaction, the insider now directly owns 394,192 shares in the company, valued at $7.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Director MEHTA NEIL sold 1,600,000 shares of the business’s stock. A total of $29,894,831 was realized by selling the stock at an average price of $18.68. This leaves the insider owning 48,006,135 shares of the company worth $875.63 million. A total of 34.66% 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 $19.99. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.14, and a quick ratio of 0.90. The fifty day moving average price for CPNG is $16.82 and a two-hundred day moving average price translates $16.99 for the stock.
The latest earnings results from Coupang Inc (NYSE: CPNG) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.06 by 0.02. This compares to $0.06 EPS in the same period last year. The net profit margin was 5.57% and return on equity was 41.81% for CPNG. The company reported revenue of $6.56 billion for the quarter, compared to $5.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.16 percent. For the current quarter, analysts expect CPNG to generate $6.79B in revenue.
