Coinbase Global Inc (NASDAQ:COIN) traded at $259.93 at last check on Monday, July 22, made an upward move of 0.83% on its previous day’s price.
Looking at the stock we see that its previous close was $257.79. The company has a trailing 12-month PE ratio of 51.91. In terms of its 52-week price range, COIN has a high of $283.48 and a low of $69.63. The company’s stock has gained about 10.59% over that past 30 days.
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Coinbase Global Inc has a market cap of $63.83 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.96, with the EPS growth for the year raised at $7.14 for 2024 and $4.49 for next year. These figures represent 1,829.70% and -37.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.41 billion, with a low of $1.2 billion and a high of $1.73 billion. The median projection represents growth squeezing down to 99.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $5.96 billion, or 91.80% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the COIN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 14.07% off its SMA20 and 13.25% from its 50-day simple moving average. The RSI (14) is pointing at 61.91 while the volatility over the past week is 8.72% and jumps to 5.52% over the past one month. The beta value is 3.40, while the average true range (ATR) is currently pointing at 14.86.
Coming back to Coinbase Global Inc (NASDAQ:COIN), we note that the average 3-month trading volume was 8.45 million. Current shares outstanding are 195.19 million.
The insiders hold 23.30% of the company’s shares while institutions hold 39.85%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 49.45% up in year-to-date price movement.
