In the last trading session, 6.18 million Coinbase Global Inc. (NASDAQ:COIN) shares changed hands as the company’s beta touched 0. With the company’s per share price at $222.47 changed hands at -$0.13 or -0.06% during last session, the market valuation stood at $46.70B. COIN’s last price was a discount, traded about -93.08% off its 52-week high of $429.54. The share price had its 52-week low at $208.00, which suggests the last value was 6.5% up since then. When we look at Coinbase Global Inc.’s average trading volume, we note the 10-day average is 3.38 million shares, with the 3-month average coming to 9.40 million.
Analysts gave the Coinbase Global Inc. (COIN) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 1 out of 19 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 4 recommended COIN as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Coinbase Global Inc.’s EPS for the current quarter is expected to be $2.21.
Coinbase Global Inc. (NASDAQ:COIN) trade information
Instantly COIN was in red as seen at the end of in last trading. With action -4.19%, the performance over the past five days has been red. The drop to weekly highs of 234.68 on Tuesday, 06/22/21 subtracted -0.06% to the stock’s daily price. The company’s shares are showing year-to-date downside of -32.23%, with the 5-day performance at -4.19% in the red. However, in the 30-day time frame, Coinbase Global Inc. (NASDAQ:COIN) is -0.84% down.
The consensus price target for the stock as assigned by Wall Street analysts is $376.35, meaning bulls need an upside of 40.89% from its current market value. According to analyst projections, COIN’s forecast low is $225.00 with $650.00 as the target high. To hit the forecast high, the stock’s price needs a -192.17% plunge from its current level, while the stock would need to soar -1.14% for it to hit the projected low.
Coinbase Global Inc. (COIN) estimates and forecasts
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of $1.71 billion. 15 analysts are of the opinion that Coinbase Global Inc.’s revenue for the quarter ending Sep 2021 will be $1.39 billion.
The 2021 estimates are for Coinbase Global Inc. earnings to increase by 519.50%.
Coinbase Global Inc. is expected to release its next quarterly earnings report in July.
Coinbase Global Inc. (NASDAQ:COIN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.11% of Coinbase Global Inc. shares while 7.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.44%.