In the latest trading session, 6.48 million Coinbase Global Inc (NASDAQ:COIN) shares changed hands as the company’s beta touched 3.65. With the company’s most recent per share price at $207.25 changed hands at -$19.82 or -8.73% at last look, the market valuation stands at $52.62B. COIN’s current price is a discount, trading about -68.76% off its 52-week high of $349.75. The share price had its 52-week low at $146.12, which suggests the last value was 29.5% up since then.
Analysts gave the Coinbase Global Inc (COIN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.39. If we narrow down to specifics, the data shows that 3 out of 37 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended COIN as a Hold, 23 felt it is a Buy and 0 rated the stock as Underweight. Coinbase Global Inc’s EPS for the current quarter is expected to be 2.24.
Coinbase Global Inc (NASDAQ:COIN) trade information
Instantly COIN was in red as seen in intraday trades today. With action -21.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -16.53%, with the 5-day performance at -21.68% in the red. However, in the 30-day time frame, Coinbase Global Inc (NASDAQ:COIN) is -30.45% down.
The consensus price target for the stock as assigned by Wall Street analysts is 292.5, meaning bulls need an upside of 29.15% from its recent market value. According to analyst projections, COIN’s forecast low is 169 with 420 as the target high. To hit the forecast high, the stock’s price needs a -102.65% plunge from its current level, while the stock would need to tank 18.46% for it to hit the projected low.
Coinbase Global Inc (COIN) estimates and forecasts
Year-over-year growth is forecast to reach 23.80% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 2.22B. 15 analysts are of the opinion that Coinbase Global Inc’s revenue for the current quarter will be 1.98B. The company’s revenue for the corresponding quarters a year ago was 1.64B and 1.45B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 35.69%. The estimates for the next quarter sales put growth at 36.92%.
The 2025 estimates are for Coinbase Global Inc earnings to decrease by -21.91%, but the outlook for the next 5-year period is at -9.22% per year.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.5233% or 10.98 million shares worth $2.44 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 6.12 shares estimated at $1.29 billion under it, the former controlled 2.91% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 1.75% of the shares, roughly 3.68 shares worth around $778.25 million.
