The price of Coupang Inc (NYSE:CPNG) shares last traded on Wall Street fell -3.74% to $23.92.
CPNG stock price is now -4.58% away from the 50-day moving average and 8.22% away from the 200-day moving average. The market capitalization of the company currently stands at $43.03B.
With the price target maintained at $30, Bernstein recently Upgraded its rating from Underperform to Outperform for Coupang Inc (NYSE: CPNG). On September 04, 2024, CLSA Upgraded its previous ‘Hold’ rating to ‘Outperform’ on the stock increasing its target price from $18 to quote $31, while ‘UBS’ rates the stock as ‘Buy’
In other news, Kim Bom, CEO and Chairman sold 15,000,000 shares of the company’s stock on Nov 11 ’24. The stock was sold for $344,550,000 at an average price of $22.97. Upon completion of the transaction, the CEO and Chairman now directly owns 2,000,000 shares in the company, valued at $47.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Director GREENOAKS CAPITAL PARTNERS LLC bought 750,000 shares of the business’s stock. A total of $18,009,975 was incurred on buying the stock at an average price of $24.01. This leaves the insider owning 52,038,723 shares of the company worth $1.24 billion. A total of 33.99% 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 $26.91. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.13, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $41315717120, which is based on a 42.11 price-to-earnings ratio, a 60.15 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for CPNG is $25.085 and a two-hundred day moving average price translates $22.0613 for the stock.
The latest earnings results from Coupang Inc (NYSE: CPNG) was released for 2024-09-30. The net profit margin was 3.57% and return on equity was 28.94% for CPNG. The company reported revenue of $7.87 billion for the quarter, compared to $6.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.2 percent.
