In last trading session, Coinbase Global Inc (NASDAQ:COIN) saw 12.4 million shares changing hands with its beta currently measuring 3.36. Company’s recent per share price level of $179.93 trading at $12.85 or 7.69% at ring of the bell on the day assigns it a market valuation of $44.71B. That closing price of COIN’s stock is at a discount of -57.55% from its 52-week high price of $283.48 and is indicating a premium of 61.26% from its 52-week low price of $69.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.71 million shares which gives us an average trading volume of 7.42 million if we extend that period to 3-months.
For Coinbase Global Inc (COIN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.32. Splitting up the data highlights that, out of 37 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 23 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.51 in the current quarter.
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Coinbase Global Inc (NASDAQ:COIN) trade information
Upright in the green during last session for gaining 7.69%, in the last five days COIN remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $179.93 price level, adding 0.86% to its value on the day. Coinbase Global Inc’s shares saw a change of 3.46% in year-to-date performance and have moved 6.95% in past 5-day. Coinbase Global Inc (NASDAQ:COIN) showed a performance of -9.26% in past 30-days. Number of shares sold short was 8.65 million shares which calculate 1.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 275 to the stock, which implies a rise of 34.57% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 875. It follows that stock’s current price would jump 93.89% in reaching the projected high whereas dropping to the targeted low would mean a gain of 93.89% for stock’s current value.
Coinbase Global Inc (COIN) estimates and forecasts
Statistics highlight that Coinbase Global Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -29.91% of value to its shares in past 6 months, showing an annual growth rate of 1,305.41% while that of industry is 19.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 84.20% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.28B for the same. And 15 analysts are in estimates of company making revenue of 1.4B in the next quarter. Company posted 674.15M and 953.79M of sales in current and next quarters respectively a year earlier.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Insiders are in possession of 2.41% of company’s total shares while institution are holding 55.67 percent of that, with stock having share float percentage of 57.05%. Investors also watch the number of corporate investors in a company very closely, which is 55.67% institutions for Coinbase Global Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at COIN for having 17.66 million shares of worth $3.92 billion. And as of 2024-06-30, it was holding 7.2725 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 11.03 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.5442 of outstanding shares, having a total worth of $2.45 billion.
