Coinbase Global Inc (NASDAQ: COIN) is 35.94% higher on its value in year-to-date trading and has touched a low of $46.43 and a high of $283.48 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 $225.86 in the last trading session, with the day’s gains setting it 10.57%.
Currently trading at $236.43, the stock is -3.08% and 5.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.31 million and changing 4.68% at the moment leaves the stock 76.82% off its SMA200. COIN registered 300.46% gain for a year compared to 6-month gain of 216.68%.
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The stock witnessed a -7.47% loss in the last 1 month and extending the period to 3 months gives it a 90.38%, and is 8.04% 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 7.38% over the week and 6.94% over the month.
Coinbase Global Inc (COIN) has around 3416 employees, a market worth around $57.28B and $3.11B in sales. Current P/E ratio is 877.29 and Fwd P/E is 57.09. Profit margin for the company is 3.05%. Distance from 52-week low is 409.22% and -16.60% from its 52-week high. The company has generated returns on investments over the last 12 months (1.02%).
The EPS is expected to grow by 941.83% this year.
Coinbase Global Inc (COIN) Top Institutional Holders
The shares outstanding are 195.19M, and float is at 168.98M with Short Float at 6.88%.
Coinbase Global Inc (COIN) Insider Activity
The most recent transaction is an insider sale by Rajaram Gokul,the company’sDirector. SEC filings show that Rajaram Gokul sold 1,145 shares of the company’s common stock on Apr 18 ’24 at a price of $215.57 per share for a total of $0.25 million. Following the sale, the insider now owns 3688.0 shares.
Coinbase Global Inc disclosed in a document filed with the SEC on Apr 17 ’24 that Ehrsam Frederick Ernest III (Director) sold a total of 16,380 shares of the company’s common stock. The trade occurred on Apr 17 ’24 and was made at $213.99 per share for $3.51 million. Following the transaction, the insider now directly holds 0.0 shares of the COIN stock.
Still, SEC filings show that on Apr 15 ’24, Armstrong Brian (Chairman and CEO) disposed off 23,075 shares at an average price of $238.26 for $5.5 million. The insider now directly holds 526 shares of Coinbase Global Inc (COIN).
