Coinbase Global Inc [NASDAQ: COIN] surged by $24.55 during the normal trading session on while it closed the day at $257.79.
Coinbase Global Inc stock has also gained 18.24% of its value over the past 7 days. However, COIN stock has inclined by 18.21% in the 3 months of the year. Over the past six months meanwhile, it has gained 107.33% and gained 48.22% year-on date.
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The market cap for COIN stock reached $63.31 billion, with 195.19 million shares outstanding and 188.34 million shares in the current float. Compared to the average trading volume of 8.39M shares, COIN reached a trading volume of 12438076 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $259.62 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 2.31. 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 15.11, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 13.58. The Price to Book ratio for the last quarter was 7.84, 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 46.36.
COIN stock trade performance evaluation
Coinbase Global Inc [COIN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.24. With this latest performance, COIN shares gained by 9.26% in over the last four-week period, additionally plugging by 107.33% over the last 6 months – not to mention a rise of 134.04% 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 61.18, with the RSI for the last a single of trading hit 65.41, and the three-weeks RSI is set at 58.25 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 229.52, while it was recorded at 246.89 for the last single week of trading, and 177.58 for the last 200 days.
Coinbase Global Inc [COIN]: Institutional Ownership
The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in COIN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in COIN stock with ownership which is approximately 5.1238%.
