Coinbase Global Inc [NASDAQ: COIN] traded at a low on Monday, posting a -6.00 loss after which it closed the day’ session at $212.31.
The results of the trading session contributed to over 10711384 shares changing hands. Over the past one week, the price volatility of Coinbase Global Inc stands at 4.99% while the volatility over the past one month is 6.03%.
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The market cap for COIN stock reached $52.14 billion, with 195.19 million shares outstanding and 188.33 million shares in the current float. Compared to the average trading volume of 9.08M shares, COIN reached a trading volume of 10711384 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $261.66 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 2.28. 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 Neutral, with their previous recommendation back on May 17, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $92 to $110. The new note on the price target was released on April 10, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another raise from $146 to $179, while Barclays kept a Underweight rating on COIN stock. On April 04, 2024, analysts increased their price target for COIN shares from 200 to 276.
The Average True Range (ATR) for Coinbase Global Inc is set at 15.22, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 11.18. The Price to Book ratio for the last quarter was 6.45, 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 38.18.
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 -13.17. With this latest performance, COIN shares dropped by -8.29% in over the last four-week period, additionally plugging by 31.17% over the last 6 months – not to mention a rise of 269.30% 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 39.29, with the RSI for the last a single of trading hit 30.90, and the three-weeks RSI is set at 43.62 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 227.19, while it was recorded at 230.85 for the last single week of trading, and 163.94 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%.