Coinbase Global Inc [NASDAQ: COIN] stock went on a downward path that fall over -3.82% on Monday, amounting to a one-week price decrease of less than -8.31%.
Over the last 12 months, COIN stock rose by 37.13%. The one-year Coinbase Global Inc stock forecast points to a potential upside of 14.75. The average equity rating for COIN stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $61.95 billion, with 204.85 million shares outstanding and 193.02 million shares in the current float. Compared to the average trading volume of 13.34M shares, COIN stock reached a trading volume of 7683622 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 $299.79 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 2.40. 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 December 19, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price from $265 to $358. The new note on the price target was released on November 25, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another raise to $245, while Monness Crespi & Hardt analysts kept a Buy rating on COIN stock.
The Average True Range (ATR) for Coinbase Global Inc is set at 20.25, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 10.48. The Price to Book ratio for the last quarter was 7.33, with the Price to Cash per share for the same quarter was set at 35.59. Price to Free Cash Flow for COIN in the course of the last twelve months was 30.54.
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 -8.31. With this latest performance, COIN shares dropped by -17.82% in over the last four-week period, additionally plugging by 9.51% over the last 6 months – not to mention a rise of 37.13% 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 39.86, with the RSI for the last a single of trading hit 32.33, and the three-weeks RSI is set at 44.70 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 273.67, while it was recorded at 268.69 for the last single week of trading, and 229.35 for the last 200 days.
Coinbase Global Inc [COIN] Institutonal Ownership Details
There are presently around $55.91%, or 57.15%% 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%.
