Coinbase Global Inc (NASDAQ:COIN)’s traded shares stood at 27.7 million during the last session, with the company’s beta value hitting 3.60. At the close of trading, the stock’s price was $284.72, to imply a decrease of -10.78% or -$34.41 in intraday trading. The COIN share’s 52-week high remains $334.86, putting it -17.61% down since that peak but still an impressive 68.87% since price per share fell to its 52-week low of $88.62. The company has a valuation of $71.28B, with an average of 20.1 million shares in intraday trading volume over the past 10 days and average of 10.07 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 2.33. 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 0.46.
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Coinbase Global Inc (NASDAQ:COIN) trade information
After registering a -10.78% downside in the last session, Coinbase Global Inc (COIN) has traded red over the past five days. The 5-day price performance for the stock is 11.96%, and 45.01% over 30 days. With these gigs, the year-to-date price performance is 63.71%. Short interest in Coinbase Global Inc (NASDAQ:COIN) saw shorts transact 8.82 million shares and set a 0.84 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 -207.32% off suggested target high and 96.14% 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 29.47% up over the last 6 months, with its year-to-date growth rate higher than industry average at 1,310.81% against 22.40%. Revenue is forecast to shrink -55.80% this quarter before falling -85.20% for the next one. The rating firms project that company’s revenue will grow 77.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 14 analysts is 1.23B. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 1.33B.Earnings reports from the last fiscal year show that sales brought in 953.79M and 1.34B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 28.80% before dropping -0.50% in the following quarter.
COIN Dividends
Coinbase Global Inc has its next earnings report out in December. 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 2.19% of total outstanding shares, with institutional holders owning 56.16% of the shares at 57.41% float percentage. In total, 56.16% 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.
