Coinbase Global Inc. (NASDAQ: COIN) is -75.06% lower on its value in year-to-date trading and has touched a low of $40.83 and a high of $368.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COIN stock was last observed hovering at around $67.64 in the last trading session, with the day’s loss setting it -4.7% off its average median price target of $97.50 for the next 12 months. It is also 71.39% off the consensus price target high of $220.00 offered by 27 analysts, but current levels are -49.86% lower than the price target low of $42.00 for the same period.
Currently trading at $62.94, the stock is -11.28% and -13.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.07 million and changing -6.95% at the moment leaves the stock -53.32% off its SMA200. COIN registered -73.98% loss for a year compared to 6-month loss of -65.63%.
The stock witnessed a -11.58% gain in the last 1 month and extending the period to 3 months gives it a 6.90%, and is -18.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.07% over the week and 7.15% over the month.
Coinbase Global Inc. (COIN) has around 3730 employees, a market worth around $14.79B and $5.79B in sales. Profit margin for the company is -3.00%. Distance from 52-week low is 54.15% and -82.94% from its 52-week high. The company has generated returns on investments over the last 12 months (37.60%).
Coinbase Global Inc. (COIN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Coinbase Global Inc. (COIN) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Coinbase Global Inc. is expected to release its quarterly report on 11/08/2022.The EPS is expected to shrink by -180.60% this year
Coinbase Global Inc. (COIN) Top Institutional Holders
The shares outstanding are 220.99M, and float is at 173.59M with Short Float at 14.18%.
Coinbase Global Inc. (COIN) Insider Activity
A total of 60 insider transactions have happened at Coinbase Global Inc. (COIN) in the last six months, with sales accounting for 15 and purchases happening 45 times. The most recent transaction is an insider purchase by Lutke Tobias, the company’s Director. SEC filings show that Lutke Tobias bought 5,291 shares of the company’s common stock on Sep 20 at a price of $68.19 per share for a total of $0.36 million. Following the purchase, the insider now owns 59874.0 shares.
Coinbase Global Inc. disclosed in a document filed with the SEC on Sep 13 that Lutke Tobias (Director) bought a total of 4,482 shares of the company’s common stock. The trade occurred on Sep 13 and was made at $75.39 per share for $0.34 million. Following the transaction, the insider now directly holds 54583.0 shares of the COIN stock.
Still, SEC filings show that on Sep 07, Lutke Tobias (Director) acquired 5,894 shares at an average price of $62.00 for $0.37 million. The insider now directly holds 50,101 shares of Coinbase Global Inc. (COIN).