Coinbase Global Inc (NASDAQ: COIN) is -5.12% lower on its value in year-to-date trading and has touched a low of $70.41 and a high of $283.48 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 $178.17 in the last trading session, with the day’s loss setting it -13.16%.
Currently trading at $165.01, the stock is -0.57% and -13.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.14 million and changing -7.39% at the moment leaves the stock -18.08% off its SMA200. COIN registered 119.78% gain for a year compared to 6-month loss of -32.88%. The firm has a 50-day simple moving average (SMA 50) of $189.6524 and a 200-day simple moving average (SMA200) of $201.48895.
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The stock witnessed a -10.01% gain in the last 1 month and extending the period to 3 months gives it a -27.47%, and is -3.89% 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 6.92% over the week and 6.00% over the month.
Coinbase Global Inc (COIN) has around 3416 employees, a market worth around $41.00B and $5.38B in sales. Current P/E ratio is 29.69 and Fwd P/E is 34.36. Profit margin for the company is 27.56%. Distance from 52-week low is 134.36% and -41.79% from its 52-week high. The company has generated returns on investments over the last 12 months (11.77%).
The EPS is expected to grow by 1432.23% this year.
Coinbase Global Inc (COIN) Top Institutional Holders
1227.0 institutions hold shares in Coinbase Global Inc (COIN), with institutional investors hold 57.03% of the company’s shares. The shares outstanding are 195.19M, and float is at 191.41M with Short Float at 4.52%. Institutions hold 55.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.66 million shares valued at $3.92 billion. The investor’s holdings represent 7.2725% of the COIN Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 11.03 million shares valued at $2.45 billion to account for 4.5442 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.98 million shares representing 4.5233% and valued at over $2.44 billion, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 2.2534 of the shares totaling 5.47 million with a market value of $1.22 billion.
Coinbase Global Inc (COIN) Insider Activity
The most recent transaction is an insider sale by Grewal Paul, the company’s Chief Legal Officer. SEC filings show that Grewal Paul sold 10,000 shares of the company’s common stock on Sep 25 ’24 at a price of $170.10 per share for a total of $1.7 million. Following the sale, the insider now owns 74956.0 shares.
Coinbase Global Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Rajaram Gokul (Director) sold a total of 400 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $161.34 per share for $64536.0. Following the transaction, the insider now directly holds 8171.0 shares of the COIN stock.
Still, SEC filings show that on Sep 16 ’24, HAAS ALESIA J (Chief Financial Officer) disposed off 6,500 shares at an average price of $158.32 for $1.03 million. The insider now directly holds 175,036 shares of Coinbase Global Inc (COIN).
