Coinbase Global Inc. (NASDAQ:COIN) Reduces -2.47% In A Week: What’s Lifting The Stock? – Marketing Sentinel
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Coinbase Global Inc. (NASDAQ:COIN) Reduces -2.47% In A Week: What’s Lifting The Stock?

In recent trading session, Coinbase Global Inc. (NASDAQ:COIN) saw 0.91 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $228.74 trading at $0.51 or 0.22% at last check today assigns it a market valuation of $49.47B. That most recent trading price of COIN’s stock is at a discount of -87.79% from its 52-week high price of $429.54 and is indicating a premium of 9.07% from its 52-week low price of $208.00. Taking a look at company’s average trading volume of 5.40 million if we extend that period to 3-months.

For Coinbase Global Inc. (COIN), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 24 analysts covering the stock, 1 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.78 in the current quarter.

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Coinbase Global Inc. (NASDAQ:COIN) trade information

Upright in the green today for gaining 0.22%, in the last five days COIN remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $228.74 price level, adding 7.12% to its value on the day. Coinbase Global Inc.’s shares saw a change of -9.57% in year-to-date performance and have moved -2.47% in past 5-day. Coinbase Global Inc. (NASDAQ:COIN) showed a performance of -10.80% in past 30-days.

Wall Street analysts have assigned a consensus price target of $384.60 to the stock, which implies a rise of 40.53% to its recent value today. Analysts have been projecting $242.00 as a low price target for the stock while placing it at a high target of $600.00. It follows that stock’s current price would drop -162.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.8% for stock’s current value.

Coinbase Global Inc. (COIN) estimates and forecasts

19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.88 billion for the same. And 16 analysts are in estimates of company making revenue of $1.74 billion in the next quarter that will end on Mar 2022.

COIN Dividends

Coinbase Global Inc. is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Coinbase Global Inc. (NASDAQ:COIN)’s Major holders

Insiders are in possession of 1.81% of company’s total shares while institution are holding 35.37 percent of that, with stock having share float percentage of 36.03%. Investors also watch the number of corporate investors in a company very closely, which is 35.37% institutions for Coinbase Global Inc. that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at COIN for having 6.99 million shares of worth $1.59 billion. And as of Sep 29, 2021, it was holding 4.50% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 5.48 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.53% of outstanding shares, having a total worth of $1.25 billion.

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On the other hand, Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 3.63 million shares of worth $824.91 million or 2.34% of the total outstanding shares. The later fund manager was in possession of 3.46 million shares on Nov 29, 2021, making its stake of worth around $1.09 billion in the company or a holder of 2.23% of company’s stock.

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