Coinbase Global Inc (NASDAQ: COIN) is -22.80% 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 $179.23 in the last trading session, with the day’s gains setting it 12.46%.
Currently trading at $191.69, the stock is -17.54% and -25.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.34 million and changing 6.95% at the moment leaves the stock -18.61% off its SMA200. COIN registered -20.99% loss for a year compared to 6-month gain of 30.09%.
The stock witnessed a -30.17% loss in the last 1 month and extending the period to 3 months gives it a -40.20%, and is -9.81% 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 8.95% over the week and 7.89% over the month.
Coinbase Global Inc (COIN) has around 3772 employees, a market worth around $48.67B and $7.23B in sales. Current P/E ratio is 20.20 and Fwd P/E is 23.91. Profit margin for the company is 35.66%. Distance from 52-week low is 31.19% and -45.19% from its 52-week high. The company has generated returns on investments over the last 12 months (17.66%).
The EPS is expected to shrink by -20.79% this year.
Coinbase Global Inc (COIN) Top Institutional Holders
The shares outstanding are 209.76M, and float is at 199.71M 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
The most recent transaction is an insider sale by Armstrong Brian, the company’s Chairman and CEO. SEC filings show that Armstrong Brian sold 25,000 shares of the company’s common stock on Mar 03 ’25 at a price of $231.04 per share for a total of $5.78 million. Following the sale, the insider now owns 526.0 shares.
Coinbase Global Inc disclosed in a document filed with the SEC on Mar 03 ’25 that Brock Lawrence J (Chief People Officer) sold a total of 4,869 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $221.42 per share for $1.08 million. Following the transaction, the insider now directly holds 407.0 shares of the COIN stock.
Still, SEC filings show that on Mar 03 ’25, Grewal Paul (Chief Legal Officer) disposed off 10,000 shares at an average price of $218.55 for $2.19 million. The insider now directly holds 83,313 shares of Coinbase Global Inc (COIN).
