Coinbase Global Inc (NASDAQ: COIN) is 19.15% higher on its value in year-to-date trading and has touched a low of $114.51 and a high of $349.75 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 $294.19 in the last trading session, with the day’s gains setting it 1.66%.
Currently trading at $295.85, the stock is 9.21% and 1.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.61 million and changing 0.56% at the moment leaves the stock 28.32% off its SMA200. COIN registered 137.15% gain for a year compared to 6-month gain of 11.58%. The firm has a 50-day simple moving average (SMA 50) of $290.7172 and a 200-day simple moving average (SMA200) of $230.32375.
The stock witnessed a 5.71% loss in the last 1 month and extending the period to 3 months gives it a 34.35%, and is 15.85% 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 6.10% over the week and 5.95% over the month.
Coinbase Global Inc (COIN) has around 3416 employees, a market worth around $74.07B and $5.91B in sales. Current P/E ratio is 50.57 and Fwd P/E is 58.53. Profit margin for the company is 26.40%. Distance from 52-week low is 158.36% and -15.41% from its 52-week high. The company has generated returns on investments over the last 12 months (12.04%).
with sales reaching $1.67B over the same period.The EPS is expected to grow by 1651.66% this year, but quarterly earnings will post 89.93% year-over-year. Quarterly sales are estimated to grow 75.08% in year-over-year returns.
1240.0 institutions hold shares in Coinbase Global Inc (COIN), with institutional investors hold 57.27% of the company’s shares. The shares outstanding are 204.85M, and float is at 193.02M with Short Float at 4.07%. Institutions hold 56.02% 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 Ehrsam Frederick Ernest III, the company’s Director. SEC filings show that Ehrsam Frederick Ernest III sold 25,194 shares of the company’s common stock on Jan 21 ’25 at a price of $298.95 per share for a total of $7.53 million. Following the sale, the insider now owns 0.0 shares.
Coinbase Global Inc disclosed in a document filed with the SEC on Jan 17 ’25 that Ehrsam Frederick Ernest III (Director) sold a total of 5,262 shares of the company’s common stock. The trade occurred on Jan 17 ’25 and was made at $300.09 per share for $1.58 million. Following the transaction, the insider now directly holds 0.0 shares of the COIN stock.
Still, SEC filings show that on Jan 21 ’25, Fred Ehrsam (Director) Proposed Sale 25,194 shares at an average price of $294.19 for $7.41 million. The insider now directly holds shares of Coinbase Global Inc (COIN).
