Coinbase Global Inc (COIN): Why Is Stock So Good?

In the latest trading session, 2.87 million Coinbase Global Inc (NASDAQ:COIN) shares changed hands as the company’s beta touched 3.44. With the company’s most recent per share price at $238.66 changed hands at -$5.84 or -2.39% at last look, the market valuation stands at $58.61B. COIN’s current price is a discount, trading about -18.78% off its 52-week high of $283.48. The share price had its 52-week low at $50.93, which suggests the last value was 78.66% up since then. When we look at Coinbase Global Inc’s average trading volume, we note the 3-month average coming to 9.54 million.

Coinbase Global Inc (NASDAQ:COIN) trade information

Instantly COIN was in red as seen in intraday trades today. With action -4.46%, the performance over the past five days has been red. The drop to weekly highs of 263.26 subtracted -2.39% to the stock’s daily price. The company’s shares are showing year-to-date upside of 37.23%, with the 5-day performance at -4.46% in the red. However, in the 30-day time frame, Coinbase Global Inc (NASDAQ:COIN) is 19.83% up.

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Coinbase Global Inc (COIN) estimates and forecasts

Data shows that the Coinbase Global Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 55.35% over the past 6 months, a 1,840.54% in annual growth rate that is considerably higher than the industry average of 4.90%.

The 2024 estimates are for Coinbase Global Inc earnings to increase by 1866.56%.

COIN Dividends

Coinbase Global Inc is expected to release its next quarterly earnings report in July.