Coinbase Global Inc [NASDAQ: COIN] stock went on a downward path that fall over -8.27% on Friday, amounting to a one-week price decrease of less than -21.04%.
Over the last 12 months, COIN stock rose by 35.82%. The one-year Coinbase Global Inc stock forecast points to a potential upside of 30.09. The average equity rating for COIN stock is currently 2.37, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $59.76 billion, with 209.76 million shares outstanding and 199.74 million shares in the current float. Compared to the average trading volume of 9.76M shares, COIN stock reached a trading volume of 17081692 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 $336.68 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 2.37. 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 17.88, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 8.27. The Price to Book ratio for the last quarter was 5.81, with the Price to Cash per share for the same quarter was set at 38.70. Price to Free Cash Flow for COIN in the course of the last twelve months was 19.25.
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 -21.04. With this latest performance, COIN shares dropped by -20.44% in over the last four-week period, additionally plugging by 19.33% over the last 6 months – not to mention a rise of 35.82% 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 35.50, with the RSI for the last a single of trading hit 29.71, and the three-weeks RSI is set at 39.69 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 279.62, while it was recorded at 257.92 for the last single week of trading, and 235.63 for the last 200 days.
COIN Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coinbase Global Inc go to -9.71%.
Coinbase Global Inc [COIN] Institutonal Ownership Details
The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 17.66 million shares, which is approximately 7.2725%. BLACKROCK INC., holding 10.98 million shares of the stock with an approximate value of $$2.44 billion in COIN stocks shares; and BLACKROCK INC., currently with $$2.45 billion in COIN stock with ownership which is approximately 4.4795%.
