Coinbase Global Inc [NASDAQ: COIN] traded at a high on Friday, posting a 2.03 gain after which it closed the day’ session at $182.88.
The results of the trading session contributed to over 14401748 shares changing hands. Over the past one week, the price volatility of Coinbase Global Inc stands at 6.79% while the volatility over the past one month is 6.03%.
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The market cap for COIN stock reached $46.71 billion, with 195.19 million shares outstanding and 193.28 million shares in the current float. Compared to the average trading volume of 8.52M shares, COIN reached a trading volume of 14401748 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 $240.58 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 2.30. 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.
Monness Crespi & Hardt have made an estimate for Coinbase Global Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 28, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Neutral. The new note on the price target was released on October 23, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another drop from $206 to $169, while Barclays kept a Equal Weight rating on COIN stock. On July 23, 2024, analysts increased their price target for COIN shares from 260 to 345.
The Average True Range (ATR) for Coinbase Global Inc is set at 12.88, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 7.90. The Price to Book ratio for the last quarter was 5.24, with the Price to Cash per share for the same quarter was set at 33.78. Price to Free Cash Flow for COIN in the course of the last twelve months was 23.03.
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 -10.81. With this latest performance, COIN shares gained by 12.13% in over the last four-week period, additionally sinking by -18.08% over the last 6 months – not to mention a rise of 135.03% 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 45.24, with the RSI for the last a single of trading hit 40.57, and the three-weeks RSI is set at 47.11 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 181.55, while it was recorded at 201.93 for the last single week of trading, and 205.65 for the last 200 days.
Insider trade positions for Coinbase Global Inc [COIN]
There are presently around $55.22%, or 56.57%% 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%.
