Coinbase Global Inc. (NASDAQ:COIN) price is hovering higher on Tuesday, August 24, jumping 0.80% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $256.00, with intraday deals fluctuating between $255.00 and $266.50. The company’s P/E ratio in the trailing 12-month period read 32.09. Taking into account the 52-week price action we note that the stock hit a 52-week high of $429.54 and 52-week low of $208.00. The stock added 13.82% on its value in the past month.
Coinbase Global Inc., which has a market valuation of $52.09 billion, is expected to release its quarterly earnings report Aug 10, 2021. Analysts tracking COIN have forecast the quarterly EPS to grow by 2.33 per share this quarter, while the same analysts predict the annual EPS to hit $9.39 for the year 2021 and up to $5.53 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.23 billion, with the likely lows of $1.12 billion and highs of $2.23 billion. Staying with the analyst view, there is a consensus estimate of $6.46 billion for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 24 analysts have assigned COIN a recommendation rating as follows: 6 rate it as a Hold; 14 advise Buy while 2 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Coinbase Global Inc. (COIN) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.48. The overview shows that COIN’s price is at present 2.55% off the SMA20 and 6.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.17, with weekly volatility standing at 4.57%. The indicator jumps to 4.85% when calculated based on the past 30 days. Coinbase Global Inc. (NASDAQ:COIN)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 13.51. Considering analysts have assigned the stock a price target range of $220.00-$743.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $374.23. Based on this estimate, we see that today’s price at last check is roughly 14.75% off the estimated low and -187.93% off the forecast high. Investors will no doubt be excited to see the share price fall to $336.00, which is the median consensus price, and at that level COIN would be -30.21% from recent price.
An analysis of the Coinbase Global Inc. (NASDAQ:COIN) stock in terms of its daily trading volume indicates that the 3-month average is 4.54 million.
Current records show that the company has 204.73M in outstanding shares. The insiders’ percentage holdings are 0.30% of outstanding shares while the percentage share held by institutions stands at 28.10%. But the -22.02% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.