Currently, there are 195.19M common shares owned by the public and among those 191.20M shares have been available to trade.
However, the script later moved the day high at 182.59, down -7.76%. The company’s stock has a 5-day price change of -17.09% and -26.91% over the past three months. COIN shares are trading -2.75% year to date (YTD), with the 12-month market performance up to 112.47% higher. It has a 12-month low price of $69.63 and touched a high of $283.48 over the same period. COIN has an average intraday trading volume of 7.91 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 -13.73%, -21.85%, and -14.14% respectively.
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Institutional ownership of Coinbase Global Inc (NASDAQ: COIN) shares accounts for 42.30% of the company’s 195.19M shares outstanding.
It has a market capitalization of $42.03B and a beta (3y monthly) value of 3.36. The stock’s trailing 12-month PE ratio is 30.43, while the earnings-per-share (ttm) stands at $5.56. The company has a debt-to-equity ratio at 0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.69% over the week and 6.75% over the month.
Earnings per share for the fiscal year are expected to increase by 1472.14%, and -17.45% over the next financial year.
Looking at the support for the COIN, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on July 23, 2024, with the firm’s price target at $260-$345. BofA Securities coverage for the Coinbase Global Inc (COIN) stock in a research note released on May 17, 2024 offered a Neutral rating with a price target of $217. BofA Securities was of a view on April 10, 2024 that the stock is Underperform, while Barclays gave the stock Underweight rating on April 08, 2024, issuing a price target of $146- $179. Oppenheimer on their part issued Outperform rating on April 04, 2024.
