Coinbase Global Inc (NASDAQ: COIN) is 48.13% higher on its value in year-to-date trading and has touched a low of $69.63 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 $265.15 in the last trading session, with the day’s loss setting it -7.52%.
Currently trading at $257.63, the stock is 12.09% and 11.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.19 million and changing -2.84% at the moment leaves the stock 44.30% off its SMA200. COIN registered 155.53% gain for a year compared to 6-month gain of 100.94%.
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The stock witnessed a 14.07% loss in the last 1 month and extending the period to 3 months gives it a 14.07%, and is 2.44% 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 7.71% over the week and 5.64% over the month.
Coinbase Global Inc (COIN) has around 3416 employees, a market worth around $63.27B and $4.66B in sales. Current P/E ratio is 51.45 and Fwd P/E is 45.26. Profit margin for the company is 28.94%. Distance from 52-week low is 270.00% and -9.12% from its 52-week high. The company has generated returns on investments over the last 12 months (10.97%).
with sales reaching $1.4B over the same period.The EPS is expected to grow by 1877.76% this year, but quarterly earnings will post 90.20% year-over-year. Quarterly sales are estimated to grow 97.70% in year-over-year returns.
Coinbase Global Inc (COIN) Top Institutional Holders
The shares outstanding are 195.19M, and float is at 188.35M with Short Float at 4.87%.
Coinbase Global Inc (COIN) Insider Activity
The most recent transaction is an insider sale by HAAS ALESIA J,the company’sChief Financial Officer. SEC filings show that HAAS ALESIA J sold 4,500 shares of the company’s common stock on Jul 15 ’24 at a price of $229.09 per share for a total of $1.03 million. Following the sale, the insider now owns 0.18 million shares.
Coinbase Global Inc disclosed in a document filed with the SEC on Jul 15 ’24 that Choi Emilie (President & COO) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Jul 15 ’24 and was made at $229.70 per share for $0.34 million. Following the transaction, the insider now directly holds 0.2 million shares of the COIN stock.
Still, SEC filings show that on Jul 11 ’24, Armstrong Brian (Chairman and CEO) disposed off 23,075 shares at an average price of $220.31 for $5.08 million. The insider now directly holds 526 shares of Coinbase Global Inc (COIN).
