Coinbase Global Inc (NASDAQ:COIN) shares, rose in value on Wednesday, April 16, with the stock price down by -1.91% to the previous day’s close as strong demand from buyers drove the stock to $172.21.
Actively observing the price movement in the last trading, the stock closed the session at $175.57, falling within a range of $168.5 and $174.8. The value of beta (5-year monthly) was 3.654 whereas the PE ratio was 18.14 over 12-month period. Referring to stock’s 52-week performance, its high was $349.75, and the low was $142.58. On the whole, COIN has fluctuated by -4.93% over the past month.
With the market capitalization of Coinbase Global Inc currently standing at about $43.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.89B, with a low estimate of 1.93B and a high estimate of 2.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.16B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that COIN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of COIN currently trading nearly -3.26% and -17.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.52, while the 7-day volatility ratio is showing 5.99% which for the 30-day chart, stands at 7.76%. Furthermore, Coinbase Global Inc (COIN)’s beta value is 3.58, and its average true range (ATR) is 14.97.
A comparison of Coinbase Global Inc (COIN) with its peers suggests the former has fared considerably weaker in the market. COIN showed an intraday change of -1.91% in last session, and over the past year, it shrunk by -22.92%%.
Data on historical trading for Coinbase Global Inc (NASDAQ:COIN) indicates that the trading volumes over the past 10 days have averaged 9.97 and over the past 3 months, they’ve averaged 9.53 million. According to company’s latest data on outstanding shares, there are 209.76 million shares outstanding.
Nearly 21.23% of Coinbase Global Inc’s shares belong to company insiders and institutional investors own 45.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.42 million shares as on 2025-03-31, resulting in a short ratio of 1.0. According to the data, the short interest in Coinbase Global Inc (COIN) stood at 454.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 9.84 million. The stock has fallen by -30.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COIN stock heading into the next quarter.
