The shares of popular business spend management solutions provider Coupang (COUP) have been losing momentum lately due to COUP’s disappointing quarterly results and subdued growth prospects. So, as the broader markets recover from their recent omicron-driven pullback, will COUP rebound? Read more to find out.Coupa Software Incorporated (NASDAQ:COUP) in San Mateo, Calif., provides business spend management solutions to enterprises globally. COUP’s customer base includes retail, healthcare, manufacturing, and technology companies. The company was named a leader in the 2021 Procure-to-Pay Suites category by Gartner (NYSE:IT) for the sixth time in a row.
However, COUP has an ISS Governance QualityScore of 6, indicating relatively high governance risk.
Shares of COUP have declined 54.6% in price year-to-date and 28.5% over the past month to close yesterday’s trading session at $154.01. Furthermore, the stock is currently trading below its 50-day and 200-day moving averages of 218.22 and $238.58, respectively, indicating a death-cross downtrend.