Currently, there are 195.19M common shares owned by the public and among those 191.42M shares have been available to trade.
The company’s stock has a 5-day price change of 24.85% and -16.95% over the past three months. COIN shares are trading 26.62% year to date (YTD), with the 12-month market performance up to 197.86% higher. It has a 12-month low price of $70.42 and touched a high of $283.48 over the same period. COIN has an average intraday trading volume of 8.10 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 22.56%, 22.06%, and 8.69% respectively.
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Institutional ownership of Coinbase Global Inc (NASDAQ: COIN) shares accounts for 42.45% of the company’s 195.19M shares outstanding.
It has a market capitalization of $54.72B and a beta (3y monthly) value of 3.36. The stock’s trailing 12-month PE ratio is 39.62, 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 7.53% over the week and 5.81% over the month.
Earnings per share for the fiscal year are expected to increase by 1425.05%, and -20.90% over the next financial year.
Looking at the support for the COIN, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on September 06, 2024, with the firm’s price target at $206-$169. Citigroup coverage for the Coinbase Global Inc (COIN) stock in a research note released on July 23, 2024 offered a Buy rating with a price target of $345. BofA Securities was of a view on May 17, 2024 that the stock is Neutral, while BofA Securities gave the stock Underperform rating on April 10, 2024, issuing a price target of $92- $110. Barclays on their part issued Underweight rating on April 08, 2024.
