Coinbase Global Inc (NASDAQ:COIN) price on current trading day, rose 16.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $177.09.
A look at the stock’s price movement, the close in the last trading session was $151.47, moving within a range at $150.08 and $183.9. The beta value (5-Year monthly) was 3.654 while the PE ratio in trailing twelve months stood at 18.66. Turning to its 52-week performance, $349.75 and $142.58 were the 52-week high and 52-week low respectively. Overall, COIN moved -7.62% over the past month.
Coinbase Global Inc’s market cap currently stands at around $44.96 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
Analysts have a consensus estimate of 2.19B for the company’s revenue for the quarter, with a low and high estimate of 1.93B and 2.59B respectively. The average forecast suggests up to a 33.76% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8B, representing a 21.92% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that COIN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
37 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 11 analyst(s) rate the stock as a Hold, 23 recommend COIN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
COIN’s current price about -1.92% and -19.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.79, while 7-day volatility ratio is 14.42% and 7.78% in the 30-day chart. Further, Coinbase Global Inc (COIN) has a beta value of 3.36, and an average true range (ATR) of 17.01. Analysts have given the company’s stock an average 52-week price target of $292.5, forecast between a low of $185 and high of $420. Looking at the price targets, the low is -4.47% off current price level while to achieve the yearly target high, price needs to move -137.17%. Nonetheless, investors will most likely welcome a -65.17% jump to $292.5 which is the analysts’ median price.
If we refocus on Coinbase Global Inc (NASDAQ:COIN), historical trading data shows that trading volumes averaged 10.07 over the past 10 days and 9.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 209.76 million shares.
The 21.23% of Coinbase Global Inc’s shares are in the hands of company insiders while institutional holders own 45.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.51 million on 2025-03-14, giving us a short ratio of 0.92. The data shows that as of 2025-03-14 short interest in Coinbase Global Inc (COIN) stood at 507.0 of shares outstanding, with shares short rising to 7.73 million registered in 2025-02-14. Current price change has pushed the stock -28.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COIN stock continues to rise going into the next quarter.
