Coinbase Global Inc. (NASDAQ: COIN) is 91.52% higher on its value in year-to-date trading and has touched a low of $31.55 and a high of $206.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COIN stock was last observed hovering at around $64.47 in the last trading session, with the day’s gains setting it 3.31% off its average median price target of $61.50 for the next 12 months. It is also 54.81% off the consensus price target high of $150.00 offered by 28 analysts, but current levels are -151.04% lower than the price target low of $27.00 for the same period.
Currently trading at $67.78, the stock is 8.77% and 17.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.46 million and changing 5.13% at the moment leaves the stock 12.45% off its SMA200. COIN registered -56.55% loss for a year compared to 6-month loss of -13.88%.
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The stock witnessed a 14.82% gain in the last 1 month and extending the period to 3 months gives it a 75.19%, and is 16.68% up 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 11.03% over the week and 10.48% over the month.
Coinbase Global Inc. (COIN) has around 4510 employees, a market worth around $17.05B and $3.19B in sales. Profit margin for the company is -82.20%. Distance from 52-week low is 114.83% and -67.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.60%).
Coinbase Global Inc. (COIN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Coinbase Global Inc. (COIN) is a “Hold”. 28 analysts offering their recommendations for the stock have an average rating of 2.00, where 12 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 5 analysts have rated the stock as a Sell or Underperform.
Coinbase Global Inc. is expected to release its quarterly report on 05/10/2023.The EPS is expected to shrink by -181.40% this year
Coinbase Global Inc. (COIN) Top Institutional Holders
The shares outstanding are 226.81M, and float is at 175.62M with Short Float at 19.76%.
Coinbase Global Inc. (COIN) Insider Activity
A total of 86 insider transactions have happened at Coinbase Global Inc. (COIN) in the last six months, with sales accounting for 30 and purchases happening 56 times. The most recent transaction is an insider sale by Armstrong Brian, the company’s Chairman and CEO. SEC filings show that Armstrong Brian sold 29,732 shares of the company’s common stock on Mar 13 at a price of $57.53 per share for a total of $1.71 million. Following the sale, the insider now owns 0.0 shares.
Coinbase Global Inc. disclosed in a document filed with the SEC on Mar 01 that Armstrong Brian (Chairman and CEO) sold a total of 29,732 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $64.46 per share for $1.92 million. Following the transaction, the insider now directly holds 0.0 shares of the COIN stock.
Still, SEC filings show that on Feb 27, Grewal Paul (Chief Legal Officer) disposed off 2,325 shares at an average price of $59.42 for $0.14 million. The insider now directly holds 64,735 shares of Coinbase Global Inc. (COIN).
