Coinbase Global Inc (NASDAQ: COIN) is -17.75% 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 $203.04 in the last trading session, with the day’s gains setting it 1.19%.
Currently trading at $204.23, the stock is 2.63% and -16.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.5 million and changing 0.59% at the moment leaves the stock -12.43% off its SMA200. COIN registered -22.05% loss for a year compared to 6-month gain of 20.07%. The firm has a 50-day simple moving average (SMA 50) of $244.0022 and a 200-day simple moving average (SMA200) of $233.22244.
The stock witnessed a -10.06% loss in the last 1 month and extending the period to 3 months gives it a -25.44%, and is 12.75% 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 4.60% over the week and 7.35% over the month.
Coinbase Global Inc (COIN) has around 3772 employees, a market worth around $51.85B and $7.23B in sales. Current P/E ratio is 21.52 and Fwd P/E is 24.11. Profit margin for the company is 35.66%. Distance from 52-week low is 39.77% and -41.61% from its 52-week high. The company has generated returns on investments over the last 12 months (17.66%).
with sales reaching $2.23B over the same period.The EPS is expected to shrink by -18.19% this year, but quarterly earnings will post 23.72% year-over-year. Quarterly sales are estimated to grow 35.92% in year-over-year returns.
Coinbase Global Inc (COIN) Top Institutional Holders
1408.0 institutions hold shares in Coinbase Global Inc (COIN), with institutional investors hold 59.99% of the company’s shares. The shares outstanding are 209.76M, and float is at 199.97M with Short Float at 4.92%. Institutions hold 58.70% 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 4.4795 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.98 million shares representing 4.4589% and valued at over $2.44 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
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Still, SEC filings show that on Mar 13 ’25, Armstrong Brian (Chairman and CEO) disposed off 15,000 shares at an average price of $187.23 for $2.81 million. The insider now directly holds 526 shares of Coinbase Global Inc (COIN).
