In today’s recent session, 2.33 million shares of the Coinbase Global Inc (NASDAQ:COIN) have been traded, and its beta is 3.64. Most recently the company’s share price was $205.32, and it changed around $2.28 or 1.12% from the last close, which brings the market valuation of the company to $52.13B. COIN at last check was trading at a discount to its 52-week high of $349.75, offering almost -70.34% off that amount. The share price’s 52-week low was $146.12, which indicates that the recent value has risen by an impressive 28.83% since then. We note from Coinbase Global Inc’s average daily trading volume that its 10-day average is 8.64 million shares, with the 3-month average coming to 9.08 million.
Coinbase Global Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.27. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 15 recommended COIN as a Hold, whereas 9 deemed it a Buy, and 1 rated it as Underweight. Coinbase Global Inc is expected to report earnings per share of 2.29 for the current quarter.
Coinbase Global Inc (NASDAQ:COIN) trade information
Instantly COIN has been showing a green trend so far today with a performance of 1.12% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 203.87 on recent trading daydecreased the stock’s daily price by -0.71%. The company’s shares are currently down -17.31% year-to-date, but still up 13.35% over the last five days. On the other hand, Coinbase Global Inc (NASDAQ:COIN) is -9.58% down in the 30-day period. We can see from the shorts that 9.84 million shares have been sold at a short interest cover period of 1.06 day(s).
The consensus price target as assigned by Wall Street analysts is $292.5, which translates to bulls needing to increase their stock price by 29.81% from its current value. Analyst projections state that COIN is forecast to be at a low of $185 and a high of $420.
Coinbase Global Inc (COIN) estimates and forecasts
The year-over-year growth rate is expected to be 23.72%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 2.23B in revenue for the current quarter. 16 analysts expect Coinbase Global Inc to make 1.98B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.64B and 1.45B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 35.92%. Forecasts for the next quarter put sales growth at 36.36%.
Coinbase Global Inc earnings are expected to increase by -18.19% in 2025, but the outlook is negative -1.61% per year for the next five years.
Coinbase Global Inc (NASDAQ:COIN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.15% of Coinbase Global Inc shares, and 58.71% of them are in the hands of institutional investors. The stock currently has a share float of 60.00%. Coinbase Global Inc stock is held by 1407.0 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.
BLACKROCK INC., with 4.5233% or 10.98 million shares worth $2.44 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 Dec 31, 2024. The former held 6.1 shares worth $1.25 billion, making up 2.90% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 3.78 shares worth around $777.27 million, which represents about 1.80% of the total shares outstanding.
