In the last trading session, 11.18 million Coinbase Global Inc (NASDAQ:COIN) shares changed hands as the company’s beta touched 3.57. With the company’s per share price at $302.40 changed hands at $6.2 or 2.09% during last session, the market valuation stood at $72.11B. COIN’s last price was a discount, traded about -13.01% off its 52-week high of $341.75. The share price had its 52-week low at $114.51, which suggests the last value was 62.13% up since then. When we look at Coinbase Global Inc’s average trading volume, we note the 10-day average is 16.81 million shares, with the 3-month average coming to 12.28 million.
Analysts gave the Coinbase Global Inc (COIN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 3 out of 37 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended COIN as a Hold, 23 felt it is a Buy and 0 rated the stock as Underweight.
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Coinbase Global Inc (NASDAQ:COIN) trade information
Instantly COIN was in green as seen at the end of in last trading. With action -0.74%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 73.87%, with the 5-day performance at -0.74% in the red. However, in the 30-day time frame, Coinbase Global Inc (NASDAQ:COIN) is 68.70% up. Looking at the short shares, we see there were 9.18 million shares sold at short interest cover period of 0.57 days.
The consensus price target for the stock as assigned by Wall Street analysts is 277.5, meaning bulls need a downside of -8.97% from its current market value. According to analyst projections, COIN’s forecast low is 11 with 875 as the target high. To hit the forecast high, the stock’s price needs a -189.35% plunge from its current level, while the stock would need to tank 96.36% for it to hit the projected low.
Coinbase Global Inc (COIN) estimates and forecasts
Data shows that the Coinbase Global Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 30.69% over the past 6 months, a 1,356.76% in annual growth rate that is considerably higher than the industry average of 22.80%.
The 2024 estimates are for Coinbase Global Inc earnings to increase by 1392.82%.
COIN Dividends
Coinbase Global Inc is expected to release its next quarterly earnings report in January.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.18% of Coinbase Global Inc shares while 55.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.07%. There are 55.83% institutions holding the Coinbase Global Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.2725% of the shares, roughly 17.66 million COIN shares worth $3.92 billion.
FMR LLC holds the second largest percentage of outstanding shares, with 4.5442% or 11.03 million shares worth $2.45 billion as of 2024-06-30.
