This E-Commerce Stock Just Delivered Blowout Earnings. Is It Time to Buy?
South Korean e-commerce company Coupang (NYSE: CPNG) has seen its stock fall by roughly 60% since its initial public offering in March 2021. However, with this cost-intensive logistics company now having recorded four straight quarters of positive net income, it looks as though the company is finally starting to turn some heads. In fact, since its most recent quarterly earnings report, the stock has jumped by more than 10%, adding an additional $3 billion to its market cap.
Considering this recent lift in the share price, let's see whether now is the right time to pick up some shares.
Before diving into the most recent financial results, it's probably best to lay some groundwork for what Coupang actually does.
Source Fool.com
