Coinbase Global Inc (NASDAQ:COIN) has a beta value of 3.61 and has seen 1.95 million shares traded in the recent trading session. The company, currently valued at $66.26B, closed the recent trade at $260.98 per share which meant it lost -$3.65 on the day or -1.38% during that session. The COIN stock price is -34.01% off its 52-week high price of $349.75 and 44.01% above the 52-week low of $146.12.
The consensus among analysts is that Coinbase Global Inc (COIN) is Buy stock at the moment, with a recommendation rating of 2.41. 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 2.16.
Coinbase Global Inc (NASDAQ:COIN) trade information
Sporting -1.38% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the COIN stock price touched $260.98 or saw a rise of 13.7%. Year-to-date, Coinbase Global Inc shares have moved 5.11%, while the 5-day performance has seen it change -2.22%. Over the past 30 days, the shares of Coinbase Global Inc (NASDAQ:COIN) have changed -11.68%.
Wall Street analysts have a consensus price target for the stock at $290, which means that the shares’ value could jump 10.01% from the levels at last check today. The projected low price target is $169.0 while the price target rests at a high of $420.0. In that case, then, we find that the latest price level in today’s session is -60.93% off the targeted high while a plunge would see the stock lose 35.24% from the levels at last check today.
Coinbase Global Inc (COIN) estimates and forecasts
The company’s shares have gained 27.12% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 18.41%.
13 analysts offering their estimates for the company have set an average revenue estimate of 2.2B for the current quarter. 14 have an estimated revenue figure of 2B for the next ending quarter. Year-ago sales stood 1.64B and 1.45B respectively for this quarter and the next, and analysts expect sales will grow by 34.55% for the current quarter and 18.41% for the next.
Earnings growth for 2025 is a modest -23.35% while over the next 5 years, the company’s earnings are expected to decrease by -9.71%.
COIN Dividends
Coinbase Global Inc is expected to release its next earnings report in March 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
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 BLACKROCK INC., with the holding of over 10.98 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.44 billion and represent 4.5233% 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 2.91% shares in the company for having 6.12 shares of worth $1.59 billion while later fund manager owns 3.68 shares of worth $960.33 million as of Sep 30, 2024, which makes it owner of about 1.75% of company’s outstanding stock.
