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Monday, June 5, 2023

Coupang Inc. (NYSE: CPNG) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Coupang Inc. (CPNG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.36%, to $16.73. The Coupang Inc. has recorded 182,645 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Coupang to Announce First Quarter 2023 Results on May 9, 2023.

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Stocks Info

Coupang Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Internet Retail industry. At the end of the last regular session, the stock closed at $16.79 and fluctuated between $16.86 as its day high and $16.47 as its day low. The current market capitalization of Coupang Inc. is $29.19B. A total of 7.63 million shares were traded on the day, compared to an average of 7.10M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CPNG has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 6,020 and the disposition of 15,000 shares. Over the last 12 months, there were 13 BUYs and 17 SELLs from insiders. Insiders purchased 533,828 shares during that period but sold 68,186,006.

In the most recent transaction, GREENOAKS CAPITAL PARTNERS LLC sold 200,000 shares of CPNG for 18.26 per share on Dec 08. After the transaction, the Director now owns 70,651,928 company shares. In a previous transaction on Dec 05, SVF Investments (UK) Ltd sold 35,000,000 shares at 18.50 per share. CPNG shares that 10% Owner owns now total 426,156,413.

Among the insiders who sold shares, Sun Benjamin disposed of 288,834 shares on Dec 01 at a per-share price of $20.00. This resulted in the Director holding 468,312 shares of CPNG after the transaction. In another insider transaction, Sun Benjamin sold 84,602 shares at $20.00 per share on Dec 01. Company shares held by the Director now total 2,239,473.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CPNG in the last 3 months, the mean price target is $21.27 with high estimates of $27.00 and low estimates of $10.20. In terms of 52-week highs and lows, CPNG has a high of $21.38 and a low of $8.98.

As of this writing, CPNG has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.2 per share and a lower estimate of -$0.08. The company reported an EPS of $0.05 in the last quarter, which was 266.70% higher than expectations of -$0.03.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CPNG’s latest balance sheet shows that the firm has $3.49B in Cash & Short Term Investments as of fiscal 2021. There were $2.12B in debt and $4.74B in liabilities at the time. Its Book Value Per Share was $1.36, while its Total Shareholder’s Equity was $2.18B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CPNG is Underweight with a score of 4.22. A total of 14 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 0 thought it should be Sold.

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