In recent trading session, Coinbase Global Inc (NASDAQ:COIN) saw 1.64 million shares changing hands at last check today with its beta currently measuring 3.59. Company’s recent per share price level of $308.51 trading at -$2.47 or -0.79% at last check today assigns it a market valuation of $77.24B. That most recent trading price of COIN’s stock is at a discount of -10.77% from its 52-week high price of $341.75 and is indicating a premium of 62.88% from its 52-week low price of $114.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.6 million shares which gives us an average trading volume of 12.08 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 2.33. 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 0.62 in the current quarter.
Coinbase Global Inc (NASDAQ:COIN) trade information
Upright in the red during last session for losing -0.79%, in the last five days COIN remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $308.51 price level, adding 2.82% to its value on the day. Coinbase Global Inc’s shares saw a change of 77.39% in year-to-date performance and have moved 4.50% in past 5-day. Coinbase Global Inc (NASDAQ:COIN) showed a performance of 45.70% in past 30-days. Number of shares sold short was 9.18 million shares which calculate 0.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 277.5 to the stock, which implies a fall of -11.17% to its recent value today. 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 96.43% in reaching the projected high whereas dropping to the targeted low would mean a gain of 96.43% 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 added 36.56% of value to its shares in past 6 months, showing an annual growth rate of 1,356.76% while that of industry is 21.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 78.79% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.29B for the same. And 15 analysts are in estimates of company making revenue of 1.42B in the next quarter. Company posted 953.79M and 1.64B of sales in current and next quarters respectively a year earlier.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Insiders are in possession of 2.18% of company’s total shares while institution are holding 56.23 percent of that, with stock having share float percentage of 57.48%. Investors also watch the number of corporate investors in a company very closely, which is 56.23% 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.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 6.0 shares of worth $1.89 billion or 2.93% of the total outstanding shares. The later fund manager was in possession of 3.68 shares on Sep 30, 2024 , making its stake of worth around $1.16 billion in the company or a holder of 1.80% of company’s stock.
