Coinbase Global Inc (NASDAQ:COIN)’s traded shares stood at 1.07 million during the latest session, with the company’s beta value hitting 3.36. At the last check today, the stock’s price was $163.62, to imply a decrease of -0.52% or -$0.85 in intraday trading. The COIN share’s 52-week high remains $283.48, putting it -73.26% down since that peak but still an impressive 56.97% since price per share fell to its 52-week low of $70.41. The company has a valuation of $40.66B, with an average of 9.16 million shares in intraday trading volume over the past 10 days and average of 7.77 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Coinbase Global Inc (COIN), translating to a mean rating of 2.32. Of 37 analyst(s) looking at the stock, 3 analyst(s) give COIN a Sell rating. 0 of those analysts rate the stock as Overweight while 11 advise Hold as 23 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.51.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Coinbase Global Inc (NASDAQ:COIN) trade information
After registering a -0.52% downside in the latest session, Coinbase Global Inc (COIN) has traded red over the past five days. The 5-day price performance for the stock is -9.07%, and 0.24% over 30 days. With these gigs, the year-to-date price performance is -5.92%. Short interest in Coinbase Global Inc (NASDAQ:COIN) saw shorts transact 8.65 million shares and set a 1.26 days time to cover.
The extremes give us $11 and $875 for target low and target high price respectively. As such, COIN has been trading -434.78% off suggested target high and 93.28% from its likely low.
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 -34.45% down over the last 6 months, with its year-to-date growth rate higher than industry average at 1,305.41% against 17.40%. Revenue is forecast to grow 5,200.00% this quarter before falling -24.00% for the next one. The rating firms project that company’s revenue will grow 84.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is 1.28B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 1.4B.Earnings reports from the last fiscal year show that sales brought in 674.15M and 953.79M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 89.20% before jumping 47.30% in the following quarter.
COIN Dividends
Coinbase Global Inc has its next earnings report out on 2024-Oct-31. 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 (NASDAQ:COIN)’s Major holders
Coinbase Global Inc insiders hold 2.41% of total outstanding shares, with institutional holders owning 55.63% of the shares at 57.00% float percentage. In total, 55.63% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 17.66 million shares (or 7.2725% of shares), all amounting to roughly $3.92 billion.
The next major institution holding the largest number of shares is FMR LLC with 11.03 million shares, or about 4.5442% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.45 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Coinbase Global Inc (COIN) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 6.0 shares. This is just over 2.95% of the total shares, with a market valuation of $976.07 million. Data from the same date shows that the other fund manager holds a little less at 3.67, or 1.81% of the shares, all valued at about 596.53 million.
