Coinbase Global Inc [NASDAQ: COIN] stock went on a downward path that fall over -3.50% on Monday, amounting to a one-week price decrease of less than -0.22%.
Over the last 12 months, COIN stock rose by 176.95%. The one-year Coinbase Global Inc stock forecast points to a potential upside of 19.0. The average equity rating for COIN stock is currently 2.39, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $50.69 billion, with 195.19 million shares outstanding and 191.18 million shares in the current float. Compared to the average trading volume of 8.19M shares, COIN stock reached a trading volume of 5394632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $251.86 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 2.39. 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.
Citigroup have made an estimate for Coinbase Global Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 23, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $110 to $217. The new note on the price target was released on May 17, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another raise from $92 to $110, while BofA Securities kept a Underperform rating on COIN stock. On April 08, 2024, analysts increased their price target for COIN shares from 146 to 179.
The Average True Range (ATR) for Coinbase Global Inc is set at 13.71, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 9.42. The Price to Book ratio for the last quarter was 6.05, with the Price to Cash per share for the same quarter was set at 33.47. Price to Free Cash Flow for COIN in the course of the last twelve months was 26.85.
COIN Stock Performance Analysis:
Coinbase Global Inc [COIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.22. With this latest performance, COIN shares dropped by -16.03% in over the last four-week period, additionally plugging by 5.19% over the last 6 months – not to mention a rise of 176.95% 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 47.37, with the RSI for the last a single of trading hit 49.12, and the three-weeks RSI is set at 46.90 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 220.43, while it was recorded at 203.46 for the last single week of trading, and 195.02 for the last 200 days.
COIN Stock EPS
With the latest financial reports released by the company, Coinbase Global Inc posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.52. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COIN.
Coinbase Global Inc [COIN] Institutonal Ownership Details
There are presently around $56.12%, or 57.52%% of COIN stock, in the hands of institutional investors. The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 17.66 million shares, which is approximately 7.2725%. FMR LLC, holding 11.03 million shares of the stock with an approximate value of $$2.45 billion in COIN stocks shares; and FMR LLC, currently with $$2.44 billion in COIN stock with ownership which is approximately 4.5233%.
