Coinbase Global Inc (NASDAQ:COIN) traded at $260.62 at last check on Wednesday, July 24, made an upward move of 1.16% on its previous day’s price.
Looking at the stock we see that its previous close was $257.63 . The company has a trailing 12-month PE ratio of 52.05. 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 22.75% over that past 30 days.
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Coinbase Global Inc has a market cap of $64.00 billion. Estimates by analysts give the company expected earnings per share (EPS) of 0.94, with the EPS growth for the year raised at 7.03 for current year and 7.03 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.41B, with a low of 1.23B and a high of 1.73B. The median projection represents growth squeezing down to 98.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.95B, or 91.30% up from figures reported last year.
Based on estimates by 36 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the Coinbase Global Inc (COIN) stock as a Hold, while 23 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 12.29% off its SMA20 and 12.56% from its 50-day simple moving average. The RSI (14) is pointing at 60.60 while the volatility over the past week is 7.71% and jumps to 5.64% over the past one month. The beta value is 3.41, while the average true range (ATR) is currently pointing at 14.92. The average price target for the stock over the next 12 months is $275, with the estimates having a low of $11 and a high of $875. These price ends are 95.78% and -235.74% off the today’s price level respectively, although investors could be excited at the prospect of a -5.52% if the COIN share price touches on the median price of $275.
Coming back to Coinbase Global Inc (NASDAQ:COIN), we note that the average 3-month trading volume was 8.53 million, while that of the preceding 10-day period stands at 9.19 million. Current shares outstanding are 195.19 million.
The insiders hold 23.30% of the company’s shares while institutions hold 39.83%. The data shows that short shares as of 2024-06-28, stood at 9.18 million at a short ratio of 1.06. This represents a 4.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.664.66 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 9.95 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 49.85% up in year-to-date price movement.
