The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Coupang Inc. (CPNG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 0.54%, to $18.53. The Coupang Inc. has recorded 47,238 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Coupang Announces Results for Second Quarter 2023.
Coupang Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Internet Retail industry. At the end of the last regular session, the stock closed at $18.43 and fluctuated between $18.67 as its day high and $18.28 as its day low. The current market capitalization of Coupang Inc. is $32.58B. A total of 3.74 million shares were traded on the day, compared to an average of 8.13M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CPNG has seen 6 BUY and 2 SELL insider trades, representing the acquisition of 114,610 and the disposition of 154,671 shares. Over the last 12 months, there were 10 BUYs and 20 SELLs from insiders. Insiders purchased 331,166 shares during that period but sold 72,217,984.
In the most recent transaction, Kim Tae Jung sold 939 shares of CPNG for 18.99 per share on Sep 05. After the transaction, the insider now owns 259,203 company shares. In a previous transaction on Jul 03, Kim Tae Jung sold 4,671 shares at 17.56 per share. CPNG shares that owns now total 260,142.
Among the insiders who sold shares, Sun Benjamin disposed of 150,000 shares on Jun 12 at a per-share price of $16.04. This resulted in the Director holding 303,312 shares of CPNG after the transaction. In another insider transaction, Kim Tae Jung sold 940 shares at $16.47 per share on Jun 02. Company shares held by the insider now total 264,813.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CPNG in the last 3 months, the mean price target is $22.18 with high estimates of $29.00 and low estimates of $11.60. In terms of 52-week highs and lows, CPNG has a high of $21.31 and a low of $12.66.
As of this writing, CPNG has an earnings estimate of $Crescent Point Energy Corporati per share for the current quarter. EPS was calculated based on a consensus of Coupang, Inc. estimates, with a high estimate of $Cango Inc. per share and a lower estimate of $Cingulate Inc.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $1.56, while its Total Shareholder’s Equity was $2.18B.
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. Currently, 0 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 Buy with a score of 4.00.