During the recent session, Coinbase Global Inc (NASDAQ:COIN)’s traded shares were 3.78 million, with the beta value of the company hitting 3.62. At the last check today, the stock’s price was $292.13, reflecting an intraday gain of 6.27% or $17.23. The 52-week high for the COIN share is $349.75, that puts it down -19.72 from that peak though still a striking 53.06% gain since the share price plummeted to a 52-week low of $137.13. The company’s market capitalization is $73.13B, and the average intraday trading volume over the past 10 days was 6.93 million shares, and the average trade volume was 10.62 million shares over the past three months.
Coinbase Global Inc (COIN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.31. COIN has a Sell rating from 3 analyst(s) out of 37 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 23 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.13.
Coinbase Global Inc (NASDAQ:COIN) trade information
Coinbase Global Inc (COIN) registered a 6.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.27% in intraday trading to $292.13, hitting a weekly high. The stock’s 5-day price performance is 8.05%, and it has moved by 14.39% in 30 days. Based on these gigs, the overall price performance for the year is 98.31%. The short interest in Coinbase Global Inc (NASDAQ:COIN) is 7.13 million shares and it means that shorts have 0.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $245, which implies a decrease of -19.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $169 and $380 respectively. As a result, COIN is trading at a discount of -30.08% off the target high and 42.15% off the low.
Coinbase Global Inc (COIN) estimates and forecasts
In the rating firms’ projections, revenue will increase 95.34% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.84B as predicted by 16 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 1.66B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 953.79M and 1.64B respectively. In this case, analysts expect current quarter sales to grow by 92.53% and then jump by 1.48% in the coming quarter.
COIN Dividends
Coinbase Global Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
The next largest institutional holding, with 11.03 million shares, is of FMR LLC’s that is approximately 4.5442% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.45 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Coinbase Global Inc (COIN) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 6.12 shares. This amounts to just over 2.98 percent of the company’s overall shares, with a $1.8 billion market value. The same data shows that the other fund manager holds slightly less at 3.68, or about 1.80% of the stock, which is worth about $1.09 billion.
