In the last trading session, 16.8 million shares of the Coinbase Global Inc (NASDAQ:COIN) were traded, and its beta was 3.57. Most recently the company’s share price was $310.52, and it changed around -$33.1 or -9.63% from the last close, which brings the market valuation of the company to $83.33B. COIN currently trades at a discount to its 52-week high of $349.75, offering almost -12.63% off that amount. The share price’s 52-week low was $114.51, which indicates that the current value has risen by an impressive 63.12% since then. We note from Coinbase Global Inc’s average daily trading volume that its 10-day average is 13.64 million shares, with the 3-month average coming to 12.78 million.
Coinbase Global Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.40. If we narrow it down even further, the data shows that 1 out of 26 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 13 recommended COIN as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight.
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
Instantly COIN has showed a red trend with a performance of -9.63% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 349.75 on recent trading dayincreased the stock’s daily price by 11.22%. The company’s shares are currently up 78.54% year-to-date, but still up 2.69% over the last five days. On the other hand, Coinbase Global Inc (NASDAQ:COIN) is 21.50% up in the 30-day period. We can see from the shorts that 9.18 million shares have been sold at a short interest cover period of 0.57 day(s).
The consensus price target as assigned by Wall Street analysts is $267.5, which translates to bulls needing to decrease their stock price by -16.08% from its current value. Analyst projections state that COIN is forecast to be at a low of $169 and a high of $875.
Coinbase Global Inc (COIN) estimates and forecasts
Coinbase Global Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 24.30 percent over the past six months and at a 1,356.76% annual growth rate that is well above the industry average of 20.80%.
COIN Dividends
Coinbase Global Inc’s next quarterly earnings report is expected to be released in January.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.17% of Coinbase Global Inc shares, and 55.88% of them are in the hands of institutional investors. The stock currently has a share float of 57.12%. Coinbase Global Inc stock is held by 1220.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.2725% of the shares, which is about 17.66 million shares worth $3.92 billion.
FMR LLC, with 4.5442% or 11.03 million shares worth $2.45 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
