Coinbase Global Inc (NASDAQ: COIN) is 11.52% higher on its value in year-to-date trading and has touched a low of $84.09 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 $186.27 in the last trading session, with the day’s gains setting it 7.69%.
Currently trading at $193.96, the stock is -2.11% and 7.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.77 million and changing 4.13% at the moment leaves the stock -5.98% off its SMA200. COIN registered 126.06% gain for a year compared to 6-month loss of -9.51%. The firm has a 50-day simple moving average (SMA 50) of $181.0428 and a 200-day simple moving average (SMA200) of $205.9616.
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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 8.41%, and is -11.70% 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 7.82% over the week and 6.14% over the month.
Coinbase Global Inc (COIN) has around 3416 employees, a market worth around $48.56B and $5.91B in sales. Current P/E ratio is 33.15 and Fwd P/E is 45.65. Profit margin for the company is 26.40%. Distance from 52-week low is 130.66% and -31.58% from its 52-week high. The company has generated returns on investments over the last 12 months (12.04%).
The EPS is expected to grow by 1355.67% this year.
Coinbase Global Inc (COIN) Top Institutional Holders
1227.0 institutions hold shares in Coinbase Global Inc (COIN), with institutional investors hold 56.64% of the company’s shares. The shares outstanding are 195.19M, and float is at 193.28M with Short Float at 5.08%. Institutions hold 55.29% 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 Choi Emilie, the company’s President & COO. SEC filings show that Choi Emilie sold 8,000 shares of the company’s common stock on Nov 01 ’24 at a price of $183.69 per share for a total of $1.47 million. Following the sale, the insider now owns 0.17 million shares.
Coinbase Global Inc disclosed in a document filed with the SEC on Oct 31 ’24 that Choi Emilie (President & COO) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $203.30 per share for $0.3 million. Following the transaction, the insider now directly holds 0.18 million shares of the COIN stock.
Still, SEC filings show that on Nov 01 ’24, EMILIE MONICA CHOI (Officer) Proposed Sale 11,000 shares at an average price of $179.25 for $1.97 million. The insider now directly holds shares of Coinbase Global Inc (COIN).
