Growing Through Challenges? – Coinbase Global Inc (COIN)

Currently, there are 182.80M common shares owned by the public and among those 167.95M shares have been available to trade.

Insiders at the company have transacted a total of 162 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 66 of these insider trades were purchases, accounting for 675,771 shares. Insider sales of the common stock occurred on 96 occasions, with total insider shares sold totaling 642,337 shares.

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However, the script later moved the day high at 144.55, up 7.12%. The company’s stock has a 5-day price change of 9.88% and 60.77% over the past three months. COIN shares are trading -18.36% year to date (YTD), with the 12-month market performance up to 104.48% higher. It has a 12-month low price of $46.43 and touched a high of $187.39 over the same period. COIN has an average intraday trading volume of 1.19 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.35%, -0.18%, and 53.05% respectively.

Institutional ownership of Coinbase Global Inc (NASDAQ: COIN) shares accounts for 37.47% of the company’s 182.80M shares outstanding.

It has a market capitalization of $33.97B 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 7.08% over the week and 6.88% over the month.

Analysts forecast that Coinbase Global Inc (COIN) will achieve an EPS of $GraniteShares 2x Long COIN Dail for the current quarter, $25.38 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $CION Investment Corporation while analysts give the company a high EPS estimate of $Conn’s, Inc.. Comparatively, EPS for the current quarter was $Milady Meme Coin USD a year ago. Earnings per share for the fiscal year are expected to increase by 93.75%, and 83.69% over the next financial year.

Looking at the support for the COIN, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $80.

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