In the last trading session, 8.55 million Coinbase Global Inc (NASDAQ:COIN) shares changed hands as the company’s beta touched 3.65. With the company’s per share price at $261.38 changed hands at -$2.61 or -0.99% during last session, the market valuation stood at $66.57B. COIN’s last price was a discount, traded about -33.81% off its 52-week high of $349.75. The share price had its 52-week low at $142.58, which suggests the last value was 45.45% up since then.
Analysts gave the Coinbase Global Inc (COIN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.25. 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 (NASDAQ:COIN) trade information
Instantly COIN was in red as seen at the end of in last trading. With action 1.74%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 5.27%, with the 5-day performance at 1.74% in the green. However, in the 30-day time frame, Coinbase Global Inc (NASDAQ:COIN) is 49.36% up.
The consensus price target for the stock as assigned by Wall Street analysts is 293, meaning bulls need an upside of 10.79% from its current market value. According to analyst projections, COIN’s forecast low is 217 with 420 as the target high. To hit the forecast high, the stock’s price needs a -60.69% plunge from its current level, while the stock would need to tank 16.98% for it to hit the projected low.
The 2025 estimates are for Coinbase Global Inc earnings to decrease by -42.77%, but the outlook for the next 5-year period is at -3.95% per year.
COIN Dividends
Coinbase Global Inc is expected to release its next quarterly earnings report in June.
FMR LLC holds the second largest percentage of outstanding shares, with 4.4795% or 11.03 million shares worth $2.45 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund . With 6.1 shares estimated at $1.59 billion under it, the former controlled 2.89% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund held about 1.79% of the shares, roughly 3.78 shares worth around $988.77 million.
