Coinbase Global Inc (NASDAQ: COIN) Have Inclined 36.84% YTD, Forecasting What Will Happen Next

ZM Stock

Coinbase Global Inc (NASDAQ:COIN)’s traded shares stood at 2.49 million during the latest session, with the company’s beta value hitting 3.41. At the last check today, the stock’s price was $238.00, to imply an increase of 0.87% or $2.05 in intraday trading. The COIN share’s 52-week high remains $283.48, putting it -19.11% down since that peak but still an impressive 77.47% since price per share fell to its 52-week low of $53.63. The company has a valuation of $58.45B, with an average of 9.32 million shares over the past 3 months.

Coinbase Global Inc (NASDAQ:COIN) trade information

After registering a 0.87% upside in the latest session, Coinbase Global Inc (COIN) has traded red over the past five days. The stock hit a weekly high of 257.13, jumping 0.87% in its intraday price action. The 5-day price performance for the stock is -6.65%, and 5.69% over 30 days. With these gigs, the year-to-date price performance is 36.84%.

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Coinbase Global Inc (COIN) estimates and forecasts

Looking at statistics comparing Coinbase Global Inc share performance against respective industry, we note that the company has outperformed competitors. Coinbase Global Inc (COIN) shares are 55.12% up over the last 6 months, with its year-to-date growth rate higher than industry average at 1,840.54% against 4.90%. The rating firms project that company’s revenue will grow 94.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 17 analysts is 1.45B. Meanwhile, for the current quarter, a total of 17 analyst(s) estimate revenue growth to 1.45B.Earnings reports from the last fiscal year show that sales brought in 707.91M and 674.15M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 104.70% before jumping 115.80% in the following quarter.

COIN Dividends

Coinbase Global Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Coinbase Global Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.