In today’s recent session, 1.2 million shares of the Coinbase Global Inc (NASDAQ:COIN) have been traded, and its beta is 3.62. Most recently the company’s share price was $275.80, and it changed around -$4.42 or -1.58% from the last close, which brings the market valuation of the company to $69.05B. COIN at last check was trading at a discount to its 52-week high of $349.75, offering almost -26.81% off that amount. The share price’s 52-week low was $137.13, which indicates that the recent value has risen by an impressive 50.28% since then. We note from Coinbase Global Inc’s average daily trading volume that its 10-day average is 6.69 million shares, with the 3-month average coming to 11.51 million.
Coinbase Global Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.31. 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, 14 recommended COIN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
Coinbase Global Inc (NASDAQ:COIN) trade information
Instantly COIN has been showing red trend so far today with a performance of -1.58% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 285.76 on recent trading dayincreased the stock’s daily price by 3.49%. The company’s shares are currently up 11.08% year-to-date, but still down -1.64% over the last five days. On the other hand, Coinbase Global Inc (NASDAQ:COIN) is 6.58% up in the 30-day period. We can see from the shorts that 8.19 million shares have been sold at a short interest cover period of 1.05 day(s).
The consensus price target as assigned by Wall Street analysts is $245, which translates to bulls needing to decrease their stock price by -12.57% from its current value. Analyst projections state that COIN is forecast to be at a low of $169 and a high of $380.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.41% of Coinbase Global Inc shares, and 56.19% of them are in the hands of institutional investors. The stock currently has a share float of 57.57%. Coinbase Global Inc stock is held by 1304.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 6.12 shares worth $1.69 billion, making up 2.98% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 3.68 shares worth around $1.02 billion, which represents about 1.80% of the total shares outstanding.
