Coupang Inc. (NYSE: CPNG) stock fell -4.39% on Friday to $16.99 against a previous-day closing price of $17.77. With 3.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.72 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $17.93 whereas the lowest price it dropped to was $16.91. The 52-week range on CPNG shows that it touched its highest point at $30.94 and its lowest point at $8.98 during that stretch. It currently has a 1-year price target of $24.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CPNG was down-trending over the past week, with a drop of -5.45%, but this was down by -0.41% over a month. Three-month performance surged to 43.98% while six-month performance fell -13.76%. The stock lost -41.15% in the past year, while it has lost -42.17% so far this year. A look at the trailing 12-month EPS for CPNG yields -0.58 with Next year EPS estimates of -0.11. For the next quarter, that number is -0.04. This implies an EPS growth rate of -234.30% for this year and 52.20% for next year.
Float and Shares Shorts:
At present, 1.76 billion CPNG shares are outstanding with a float of 1.58 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 44.01 million, which was 2.50% higher than short shares on Jun 14, 2022. In addition to Mr. Bom Suk Kim as the firm’s Founder, CEO & Director, Mr. Gaurav Anand serves as its Chief Financial Officer.
Through their ownership of 79.56% of CPNG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.36% of CPNG, in contrast to 26.53% held by mutual funds. Shares owned by individuals account for 21.00%. As the largest shareholder in CPNG with 6.81% of the stake, Baillie Gifford & Co. holds 108,354,434 shares worth 108,354,434. A second-largest stockholder of CPNG, Morgan Stanley Investment Managem, holds 100,908,026 shares, controlling over 6.34% of the firm’s shares. Maverick Capital Ltd. is the third largest shareholder in CPNG, holding 84,520,968 shares or 5.31% stake. With a 2.65% stake in CPNG, the American Funds Fundamental Invest is the largest stakeholder. A total of 42,137,744 shares are owned by the mutual fund manager. The Morgan Stanley Invt. Fds. – Globa, which owns about 1.80% of CPNG stock, is the second-largest Mutual Fund holder. It holds 28,706,646 shares valued at 485.14 million. American Funds Growth Fund of Ame holds 1.70% of the stake in CPNG, owning 27,022,599 shares worth 456.68 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CPNG since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CPNG analysts setting a high price target of $34.00 and a low target of $16.40, the average target price over the next 12 months is $24.30. Based on these targets, CPNG could surge 100.12% to reach the target high and fall by -3.47% to reach the target low. Reaching the average price target will result in a growth of 43.03% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CPNG will report FY 2022 earnings on 03/01/2023. For CPNG, this leads to a yearly average estimate of -$0.21. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Coupang Inc. surprised analysts by $0.07 when it reported -$0.04 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was $0.16. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.03.
Summary of Insider Activity:
Insiders traded CPNG stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 120,209 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,923,225 while 171,144,017 shares were sold.