During the last session, Coinbase Global Inc (NASDAQ:COIN)’s traded shares were 22.38 million, with the beta value of the company hitting 3.55. At the end of the trading day, the stock’s price was $320.01, reflecting an intraday loss of -1.40% or -$4.56. The 52-week high for the COIN share is $334.86, that puts it down -4.64 from that peak though still a striking 68.75% gain since the share price plummeted to a 52-week low of $100.01. The company’s market capitalization is $80.11B, and the average intraday trading volume over the past 10 days was 23.94 million shares, and the average trade volume was 11.21 million shares over the past three months.
Coinbase Global Inc (COIN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. COIN has a Sell rating from 3 analyst(s) out of 37 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 23 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.51.
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Coinbase Global Inc (NASDAQ:COIN) trade information
Coinbase Global Inc (COIN) registered a -1.40% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.40% in intraday trading to $320.01, hitting a weekly high. The stock’s 5-day price performance is 12.39%, and it has moved by 51.87% in 30 days. Based on these gigs, the overall price performance for the year is 201.61%. The short interest in Coinbase Global Inc (NASDAQ:COIN) is 8.82 million shares and it means that shorts have 0.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $277.5, which implies a decrease of -15.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $875 respectively. As a result, COIN is trading at a discount of -173.43% off the target high and 96.56% off the low.
Coinbase Global Inc (COIN) estimates and forecasts
Statistics show that Coinbase Global Inc has outperformed its competitors in share price, compared to the industry in which it operates. Coinbase Global Inc (COIN) shares have gone up 38.23% during the last six months, with a year-to-date growth rate more than the industry average at 1,310.81% against 22.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -50.11% this quarter and then drop -76.53% in the quarter after that. In the rating firms’ projections, revenue will increase 77.44% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.25B as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 1.39B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 953.79M and 1.64B respectively. In this case, analysts expect current quarter sales to grow by 30.72% and then drop by -14.87% in the coming quarter.
While earnings are projected to return 1364.03% in 2024.
COIN Dividends
Coinbase Global Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Coinbase Global Inc insiders own 2.17% of total outstanding shares while institutional holders control 56.41%, with the float percentage being 57.66%. VANGUARD GROUP INC is the largest shareholder of the company, while 1209.0 institutions own stock in it. As of 2024-06-30, the company held over 17.66 million shares (or 7.2725% of all shares), a total value of $3.92 billion in shares.
The next largest institutional holding, with 11.03 million shares, is of FMR LLC’s that is approximately 4.5442% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.45 billion.
