Coinbase Global Inc (NASDAQ: COIN) is -14.40% lower on its value in year-to-date trading and has touched a low of $146.12 and a high of $349.75 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 $205.75 in the last trading session, with the day’s gains setting it 6.8%.
Currently trading at $212.55, the stock is -15.06% and -20.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.45 million and changing 3.30% at the moment leaves the stock -9.85% off its SMA200. COIN registered 4.42% gain for a year compared to 6-month gain of 12.89%.
The stock witnessed a -27.04% loss in the last 1 month and extending the period to 3 months gives it a -31.65%, and is 0.03% 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 9.49% over the week and 6.95% over the month.
Coinbase Global Inc (COIN) has around 3772 employees, a market worth around $53.96B and $7.23B in sales. Current P/E ratio is 22.39 and Fwd P/E is 27.19. Profit margin for the company is 35.66%. Distance from 52-week low is 45.46% and -39.23% from its 52-week high. The company has generated returns on investments over the last 12 months (17.66%).
with sales reaching $2.22B over the same period.The EPS is expected to shrink by -21.91% this year, but quarterly earnings will post 22.62% year-over-year. Quarterly sales are estimated to grow 35.69% in year-over-year returns.
Coinbase Global Inc (COIN) Top Institutional Holders
The shares outstanding are 209.76M, and float is at 199.70M with Short Float at 3.87%.
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 BLACKROCK INC. with 10.98 million shares valued at $$2.44 billion to account for 4.5233 of the shares outstanding. The other top investors are FMR LLC which holds 11.03 million shares representing 4.4795% and valued at over $2.45 billion, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 2.2214 of the shares totaling 5.47 million with a market value of $1.22 billion.
Coinbase Global Inc (COIN) Insider Activity
A total of 0 insider transactions have happened at Coinbase Global Inc (COIN) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Still, SEC filings show that on Feb 25 ’25, Grewal Paul (Chief Legal Officer) disposed off 10,978 shares at an average price of $211.93 for $2.33 million. The insider now directly holds 83,313 shares of Coinbase Global Inc (COIN).
