Coupang Inc. (NYSE: CPNG) stock fell -2.42% on Thursday to $15.35 against a previous-day closing price of $15.73. With 7.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.71 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $16.01 whereas the lowest price it dropped to was $15.25. The 52-week range on CPNG shows that it touched its highest point at $21.38 and its lowest point at $10.51 during that stretch. It currently has a 1-year price target of $21.22.
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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 -4.00%, but this was down by -3.70% over a month. Three-month performance surged to 3.93% while six-month performance fell -20.38%. The stock gained 19.08% in the past year, while it has gained 4.35% so far this year. A look at the trailing 12-month EPS for CPNG yields 0.12 with Next year EPS estimates of 0.52. For the next quarter, that number is 0.06. This implies an EPS growth rate of 95.20% for this year and 98.08% for next year.
Float and Shares Shorts:
At present, 1.77 billion CPNG shares are outstanding with a float of 1.58 billion shares on hand for trading. On May 14, 2023, short shares totaled 21.06 million, which was 1.18% higher than short shares on Apr 13, 2023. In addition to Mr. Bom Suk Kim as the firm’s Founder, CEO & Chairman, Mr. Gaurav Anand serves as its Chief Financial Officer.
Through their ownership of 79.77% of CPNG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.86% of CPNG, in contrast to 28.27% held by mutual funds. Shares owned by individuals account for 23.01%. As the largest shareholder in CPNG with 7.18% of the stake, Morgan Stanley Investment Managem holds 114,874,584 shares worth 114,874,584. A second-largest stockholder of CPNG, Baillie Gifford & Co., holds 112,075,412 shares, controlling over 7.01% of the firm’s shares. Maverick Capital Ltd. is the third largest shareholder in CPNG, holding 74,257,259 shares or 4.64% stake. With a 2.33% stake in CPNG, the American Funds Fundamental Invest is the largest stakeholder. A total of 37,273,395 shares are owned by the mutual fund manager. The Morgan Stanley Invt. Fds. – Globa, which owns about 1.56% of CPNG stock, is the second-largest Mutual Fund holder. It holds 24,951,434 shares valued at 418.19 million. American Funds EuroPacific Growth holds 1.52% of the stake in CPNG, owning 24,311,477 shares worth 407.46 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CPNG reported revenue of $5.04B and operating income of -$67.14M. The EBITDA in the recently reported quarter was -$8.61M and diluted EPS was -$0.04.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CPNG since 0 analysts follow the stock currently. 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 $27.00 and a low target of $10.20, the average target price over the next 12 months is $21.42. Based on these targets, CPNG could surge 75.9% to reach the target high and fall by -33.55% to reach the target low. Reaching the average price target will result in a growth of 39.54% 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.
Summary of Insider Activity:
Insiders traded CPNG stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 6,020 shares were bought while 15,000 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 356,650 while 67,851,115 shares were sold.