Coinbase Global Inc (NASDAQ:COIN) has a beta value of 3.60 and has seen 1.92 million shares traded in the last trading session. The company, currently valued at $64.51B, closed the last trade at $257.67 per share which meant it lost -$6.66 on the day or -2.52% during that session. The COIN stock price is -35.74% off its 52-week high price of $349.75 and 55.56% above the 52-week low of $114.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.95 million shares traded. The 3-month trading volume is 13.26 million shares.
The consensus among analysts is that Coinbase Global Inc (COIN) is Buy stock at the moment, with a recommendation rating of 2.40. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 11 out of 37 have rated it as a Hold, with 23 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.26.
Coinbase Global Inc (NASDAQ:COIN) trade information
Sporting -2.52% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the COIN stock price touched $257.67 or saw a rise of 12.24%. Year-to-date, Coinbase Global Inc shares have moved 3.77%, while the 5-day performance has seen it change 3.77%. Over the past 30 days, the shares of Coinbase Global Inc (NASDAQ:COIN) have changed -25.01%. Short interest in the company has seen 8.21 million shares shorted with days to cover at 0.53.
Wall Street analysts have a consensus price target for the stock at $290, which means that the shares’ value could jump 11.15% from current levels. The projected low price target is $169.0 while the price target rests at a high of $875.0. In that case, then, we find that the current price level is -239.58% off the targeted high while a plunge would see the stock lose 34.41% from current levels.
Coinbase Global Inc (COIN) estimates and forecasts
Figures show that Coinbase Global Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 17.36% over the past 6 months, with this year growth rate of 1,313.51%, compared to 23.10% for the industry. Revenue growth from the last financial year stood is estimated to be 88.51%.
16 analysts offering their estimates for the company have set an average revenue estimate of 1.65B for the current quarter. 15 have an estimated revenue figure of 1.66B for the next ending quarter. Year-ago sales stood 953.79M and 1.64B respectively for this quarter and the next, and analysts expect sales will grow by 72.83% for the current quarter and 88.51% for the next.
COIN Dividends
Coinbase Global Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Insiders own 2.17% of the company shares, while shares held by institutions stand at 55.99% with a share float percentage of 57.23%. Investors are also buoyed by the number of investors in a company, with Coinbase Global Inc having a total of 1227.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 17.66 million shares worth more than $3.92 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.2725% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 11.03 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.45 billion and represent 4.5442% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.98% shares in the company for having 6.12 shares of worth $1.58 billion while later fund manager owns 3.68 shares of worth $951.46 million as of Sep 30, 2024 , which makes it owner of about 1.80% of company’s outstanding stock.
