With over 15.75 million Coinbase Global Inc (COIN) shares trading Friday and a closing price of $175.48 on the day, the dollar volume was approximately $2.76 billion. The shares have shown a positive half year performance of 183.31% and its price on 12/22/23 gained nearly 4.43%. Currently, there are 182.80M common shares owned by the public and among those 168.24M shares have been available to trade.
Insiders at the company have transacted a total of 169 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 731,880 shares. Insider sales of the common stock occurred on 96 occasions, with total insider shares sold totaling 647,029 shares.
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Shares of Coinbase Global Inc (NASDAQ: COIN) opened at $169.77, up $1.74 from a prior closing price of $168.03. However, the script later moved the day high at 178.70, up 4.43%. The company’s stock has a 5-day price change of 18.65% and 144.57% over the past three months. COIN shares are trading 395.85% year to date (YTD), with the 12-month market performance up to 399.23% higher. It has a 12-month low price of $31.55 and touched a high of $170.17 over the same period. COIN has an average intraday trading volume of 10.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.33%, 63.20%, and 117.60% respectively.
Institutional ownership of Coinbase Global Inc (NASDAQ: COIN) shares accounts for 40.16% of the company’s 182.80M shares outstanding.
It has a market capitalization of $41.98B and a beta (3y monthly) value of 3.15. The earnings-per-share (ttm) stands at -$3.23. The company has a debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.96% over the week and 6.32% over the month.
Analysts forecast that Coinbase Global Inc (COIN) will achieve an EPS of $0 for the current quarter, -$0.01 for the next quarter and -$0.02 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 92.77%, and 100.84% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate Coinbase Global Inc (COIN) as a “Moderate Buy” at a consensus score of 2.92. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 10 of the 26 advise that investors “hold,” and 6 rated it as a “Sell.”
Looking at the support for the COIN, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Outperform rating for the stock in a research note on December 22, 2023, with the firm’s price target at $107-$200.
