In about a week after the debut, CPNG stock reached a price threshold that allowed non-executive employees to start selling their shares. Shortly after, it hit a price threshold that also allowed funds to start selling shares. With insiders rushing to sell, supply has exceeded demand in CPNG stock, resulting in the price drop.
Full Answer
What is wrong with Coupang stock?
The biggest problem we see with Coupang is the lack of operating leverage and clear path to profitability at the moment. In addition, there is the issue of decelerating revenue growth which further complicates things.
Is CPNG a good buy?
Analysts are forecasting a revenue increase of 25% for this year and 24% for 2023, with revenue growth seen moderating to the high-teens range in 2024 and 2025. This, combined with CPNG's already solid size (revenues of more than $20 billion in 2022) makes for a compelling combination, I believe.
Is Coupang stock a buy now?
With strong revenue growth and expanding gross margins, Coupang stock could be a great buy-and-hold investment right now.
How many shares does Coupang have?
Share StatisticsAvg Vol (3 month) 312.85MShares Outstanding 51.59BImplied Shares Outstanding 6N/AFloat 81.11B% Held by Insiders 10.86%7 more rows
Is CPNG a buy or sell?
Coupang has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Is CPNG a buy Zacks?
When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
What is the target price for Coupang?
Stock Price TargetsHigh$37.00Median$22.00Low$15.00Average$22.80Current Price$13.18
How did we ever live without Coupang?
We are Coupang Our mission is to create a world in which our customers ask, 'How did I ever live without Coupang? ' We place our customers first and offer them the best possible prices and selection within a highly convenient and personalized shopping environment.
What price is a buy for Coupang?
Coupang shares at a glanceLatest market close$13.4052-week range$8.98 - $46.0050-day moving average more info button$15.73200-day moving average more info button$24.39Wall St. target price$24.564 more rows
Is Coupang making profits?
Coupang, the biggest eCommerce startup success story in South Korea, continues to succeed despite being unprofitable. In 2019, their operating loss was over $590 million which was down 50% from the previous year. 2020 saw Coupang have an operating loss of a little over $500 million.
Why is Coupang rising?
The Stock Soars as It Gets an Upgrade to Buy. Coupang climbed Thursday after the Korean e-commerce company reported a first-quarter loss narrower than analysts' expectations and the stock received an upgrade from Citi.
How much does SoftBank own of Coupang?
Vision Fund sold 50 million Coupang shares for $20.87 each, according to a filing to the U.S. Securities and Exchange Commission dated Friday, leaving the investor with 461.2 million shares remaining. SoftBank sold Coupang shares worth $1.69 billion for $29.69 each in September.
Should I buy or sell Coupang stock right now?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coupang in the last year. There are currently 1 hold rating and 6 buy rati...
What is Coupang's stock price forecast for 2022?
7 brokers have issued twelve-month price targets for Coupang's stock. Their forecasts range from $17.00 to $46.00. On average, they predict Coupang...
How has Coupang's stock price performed in 2022?
Coupang's stock was trading at $29.38 at the beginning of the year. Since then, CPNG shares have decreased by 60.9% and is now trading at $11.50....
Are investors shorting Coupang?
Coupang saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 41,340,000 shares, an increase of 4...
When is Coupang's next earnings date?
Coupang is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for Coupang .
How were Coupang's earnings last quarter?
Coupang, Inc. (NYSE:CPNG) released its quarterly earnings results on Wednesday, May, 11th. The company reported ($0.12) EPS for the quarter, toppin...
Who are Coupang's key executives?
Coupang's management team includes the following people: Mr. Bom Suk Kim , Founder, CEO & Director (Age 43, Pay $1.59M) ( LinkedIn Profile ) Mr....
Who are some of Coupang's key competitors?
Some companies that are related to Coupang include CDW (CDW) , Chewy (CHWY) , Vipshop (VIPS) , Wayfair (W) , Insight Enterprises (NSIT) , Ozo...
When did Coupang IPO?
(CPNG) raised $3.4 billion in an initial public offering on Thursday, March 11th 2021. The company issued 120,000,000 shares at a price of $27.00-$...
What happened
Shares of recent IPO Coupang ( NYSE:CPNG) fell in July, down 13.2% for the month, according to data from S&P Global Market Intelligence. The stock has gone on a wild ride since debuting in March, shooting up 40% the day of its IPO before falling almost 40% in early May. Currently, shares are down around 25% year to date (YTD).
So what
Coupang stock continues to trade at a discount to its first-day IPO pop when the stock price closed at $49.25. This isn't surprising considering that historically, two-thirds of IPOs underperform the broad market in their first three years of trading.
Now what
If you already own shares of Coupang, then you were likely not happy with how the stock performed in July. But if you are a prospective shareholder, you now have the opportunity to buy shares of the stock at a 13% discount. With a market cap of $66 billion, Coupang has a trailing price-to-sales ( P/S) ratio of 4.6 and a forward P/S of 2.9.
When does Coupang's lock up expire?
Coupang's lock-up period expires on Tuesday, September 7th. Coupang had issued 130,000,000 shares in its public offering on March 11th. The total size of the offering was $4,550,000,000 based on an initial share price of $35.00.
Is Coupang a hold stock?
Wall Street analysts have given Coupang a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Coupang wasn't one of them.
Why is Coupang stock going down?
Along with a sell-off among growth names, company-specific factors also contributed to the fall in Coupang stock. The company reported massive losses in the first and second quarters of 2021, making investors apprehensive.
CPNG stock's forecast
Analysts are bullish on CPNG—their average target price of $48 for the stock is 60 percent above its current price. Of five analysts polled by TipRanks, four rate it as a “buy” and one rates it as a “hold.”
Could Coupang stock be targeted for a short squeeze?
According to Fintel, Coupang's FINRA short volume ratio has fallen over the last few days and was at 41 percent on Aug. 30. For a short squeeze, we would need something to trigger a buying spree.
CPNG stock looks undervalued
CPNG's NTM (next-12-month) EV (enterprise value)-to-sales multiple is just 2.2x. To put that in perspective, WISH's NTM EV-to-sales multiple is 1.55x, and mature e-commerce companies Amazon and Alibaba have multiples of 3.5x and 2.8x, respectively.
How much does Coupang invest in safety?
Coupang Invests over $200M in Worker Health and Safety Initiatives Since 2020. SEOUL, South Korea, August 16, 2021--Coupang today announced that it has invested over $200 million in worker safety initiatives and added over 600 safety employees since the beginning of 2020.
Did Coupang burn down a warehouse?
Recently, a fire burned down a warehouse owned by Coupang. With the warehouse burned down, The Korea Times is reporting that Goldman Sachs will likely ask for early repayment on this debt, which will allow Coupang to obtain new loans at a lower interest rate. Bloomberg • 12 days ago.
Who is the CEO of Coupang?
SEOUL, South Korea-- (BUSINESS WIRE)--Coupang today announced that founder and CEO Bom Kim will be a mainstage speaker at the 2021 FORTUNE Global Forum, which brings together the world's top business lea...
Where is Coupang based?
Coupang, based in South Korea, has been mired in allegations that it has messed with search algorithms to prioritize its own products over rivals', Financial Times (FT) writes. The Korea Fair Trade Comm...
How much did SoftBank make in the fourth quarter?
SoftBank Group Corp on Wednesday reported a 4.027 trillion yen ($36.99 billion) fourth-quarter profit at its Vision Fund unit after booking a gain on investment Coupang, underscoring its recovery a year...
