Coinbase Global Inc [NASDAQ: COIN] slipped around -1.41 points on Monday, while shares priced at $199.51 at the close of the session, down -0.70%.
Compared to the average trading volume of 12.61M shares, COIN reached a trading volume of 7333021 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about Coinbase Global Inc [COIN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COIN shares is $249.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COIN stock is a recommendation set at 2.61. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Coinbase Global Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $146 to $179. The new note on the price target was released on April 08, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another raise from $200 to $276, while Oppenheimer kept a Outperform rating on COIN stock. On April 03, 2024, analysts increased their price target for COIN shares from 160 to 230.
The Average True Range (ATR) for Coinbase Global Inc is set at 15.45, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 10.51. The Price to Book ratio for the last quarter was 6.07, with the Price to Cash per share for the same quarter was set at 30.97. Price to Free Cash Flow for COIN in the course of the last twelve months was 35.88.
How has COIN stock performed recently?
Coinbase Global Inc [COIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.08. With this latest performance, COIN shares dropped by -18.82% in over the last four-week period, additionally plugging by 114.85% over the last 6 months – not to mention a rise of 230.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COIN stock in for the last two-week period is set at 40.35, with the RSI for the last a single of trading hit 35.89, and the three-weeks RSI is set at 43.66 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 236.27, while it was recorded at 207.28 for the last single week of trading, and 142.76 for the last 200 days.
Insider trade positions for Coinbase Global Inc [COIN]
The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in COIN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in COIN stock with ownership which is approximately 5.8386%.
