Coinbase Global Inc [NASDAQ: COIN] plunged by -$6.92 during the normal trading session on while it closed the day at $284.41.
Coinbase Global Inc stock has also gained 2.31% of its value over the past 7 days. However, COIN stock has inclined by 34.32% in the 3 months of the year. Over the past six months meanwhile, it has gained 33.75% and gained 14.54% year-on date.
The market cap for COIN stock reached $71.20 billion, with 204.85 million shares outstanding and 193.03 million shares in the current float. Compared to the average trading volume of 12.56M shares, COIN reached a trading volume of 9426423 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 $299.87 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.
Mizuho have made an estimate for Coinbase Global Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 29, 2025. While these analysts kept the previous recommendation, Monness Crespi & Hardt raised their target price from $245 to $390. The new note on the price target was released on December 19, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another raise from $265 to $358, while Oppenheimer kept a Outperform rating on COIN stock.
The Average True Range (ATR) for Coinbase Global Inc is set at 18.60, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 12.05. The Price to Book ratio for the last quarter was 8.16, with the Price to Cash per share for the same quarter was set at 34.46. Price to Free Cash Flow for COIN in the course of the last twelve months was 35.10.
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 2.31. With this latest performance, COIN shares gained by 14.54% in over the last four-week period, additionally plugging by 33.75% over the last 6 months – not to mention a rise of 121.85% 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 50.35, with the RSI for the last a single of trading hit 49.23, and the three-weeks RSI is set at 51.00 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 290.70, while it was recorded at 289.97 for the last single week of trading, and 232.45 for the last 200 days.
Coinbase Global Inc [COIN]: Institutional Ownership
There are presently around $55.79%, or 57.03%% 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%.
