The trading price of Coinbase Global Inc (NASDAQ:COIN) floating higher at last check on Monday, July 15, closing at $240.06, 10.11% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 47.94. In examining the 52-week price action we see that the stock hit a 52-week high of $283.48 and a 52-week low of $69.63. Over the past month, the stock has lost -5.84% in value.
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Coinbase Global Inc, whose market valuation is $58.95 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest COIN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that COIN’s price is currently 5.96% off the SMA20 and 5.80% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.26, and weekly volatility stands at 4.18%. When measured over the past 30 days, the indicator reaches 4.68%. Coinbase Global Inc (NASDAQ:COIN)’s beta value is currently sitting at 3.38, while the Average True Range indicator is currently displaying 12.57.
To see how Coinbase Global Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: COIN stock’s performance was 10.11% at last check in today’s session, and 124.36% in the past year. Coinbase Global Inc has a P/E ratio of 47.94.
An evaluation of the daily trading volume of Coinbase Global Inc (NASDAQ:COIN) indicates that the 3-month average is 8.46 million.
Currently, records show that 195.19 million of the company’s shares remain outstanding. The insiders hold 23.30% of outstanding shares, whereas institutions hold 39.93%. However, since the stock’s price has seen 38.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
