Coinbase Global Inc (NASDAQ:COIN) traded at $256.90 at close of the session on Tuesday, May 13 and made an upward move of 23.97% on its previous day’s price.
Coinbase Global Inc has a market cap of $65.43 billion and is expected to release its quarterly earnings report in June.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.62B, with a low of 1.43B and a high of 1.86B. The median projection represents growth squeezing down to 11.65% 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 7.4B, or 12.68% up from figures reported last year.
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% Sell.
Based on estimates by 37 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 11 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 29.11% off its SMA20 and 34.62% from its 50-day simple moving average. The RSI (14) is pointing at 74.67 while the volatility over the past week is 6.27% and jumps to 4.77% over the past one month. The beta value is 3.56, while the average true range (ATR) is currently pointing at 14.43. The average price target for the stock over the next 12 months is $326, with the estimates having a low of $217 and a high of $420. These price ends are 15.53% and -63.49% off the current price level respectively, although investors could be excited at the prospect of a -26.9% if the COIN share price touches on the median price of $326.
