Currently, there are 195.19M common shares owned by the public and among those 188.33M shares have been available to trade.
The company’s stock has a 5-day price change of -13.17% and -16.91% over the past three months. COIN shares are trading 22.07% year to date (YTD), with the 12-month market performance up to 269.30% higher. It has a 12-month low price of $55.10 and touched a high of $283.48 over the same period. COIN has an average intraday trading volume of 9.08 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 -11.72%, -6.97%, and 30.03% respectively.
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Institutional ownership of Coinbase Global Inc (NASDAQ: COIN) shares accounts for 40.10% of the company’s 195.19M shares outstanding.
It has a market capitalization of $52.14B and a beta (3y monthly) value of 3.41. The stock’s trailing 12-month PE ratio is 42.40, while the earnings-per-share (ttm) stands at $5.01. The company has a debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.99% over the week and 6.03% over the month.
Earnings per share for the fiscal year are expected to increase by 1886.82%, and -22.07% over the next financial year.
Looking at the support for the COIN, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on May 17, 2024, with the firm’s price target at $110-$217. BofA Securities coverage for the Coinbase Global Inc (COIN) stock in a research note released on April 10, 2024 offered a Underperform rating with a price target of $110. Barclays was of a view on April 08, 2024 that the stock is Underweight, while Oppenheimer gave the stock Outperform rating on April 04, 2024, issuing a price target of $200- $276. Keefe Bruyette on their part issued Mkt Perform rating on April 03, 2024.
