Coinbase Global Inc (NASDAQ: COIN) Stock: Can It Surge Further?

In the last trading session, 9.3 million shares of the Coinbase Global Inc (NASDAQ:COIN) were traded, and its beta was 3.43. Most recently the company’s share price was $211.01, and it changed around -$7.07 or -3.24% from the last close, which brings the market valuation of the company to $51.12B. COIN currently trades at a discount to its 52-week high of $283.48, offering almost -34.34% off that amount. The share price’s 52-week low was $46.43, which indicates that the current value has risen by an impressive 78.0% since then. We note from Coinbase Global Inc’s average daily trading volume that its 3-month average coming to 13.31 million.

Coinbase Global Inc (NASDAQ:COIN) trade information

Instantly COIN has showed a red trend with a performance of -3.24% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 21.33% year-to-date, but still down -14.14% over the last five days. On the other hand, Coinbase Global Inc (NASDAQ:COIN) is -17.86% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $218.73, which translates to bulls needing to increase their stock price by 3.53% from its current value. Analyst projections state that COIN is forecast to be at a low of $11 and a high of $600.

Coinbase Global Inc (COIN) estimates and forecasts

Coinbase Global Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 185.42 percent over the past six months and at a 559.46% annual growth rate that is well above the industry average of 5.50%.