Coinbase Global Inc (COIN) stock is trading at $244.96

Coinbase Global Inc (COIN)’s stock is trading at $244.96 at the moment marking a rise of 0.87% from the last session close.

Coinbase Global Inc (NASDAQ:COIN) stock is up 0.87% in Friday morning trading after rallying 0.48% on Thursday. Here's what you need to know about the company's recent performance and financial health.

Coinbase Global Inc (NASDAQ:COIN) stock is up 0.87% in Friday morning trading after rallying 0.48% on Thursday. The stock is trading at $244.96 per share with a 52-week range of $69.63 to $283.48.

Coinbase stock price performance over the last 30 days.

Coinbase stock price performance over the last 30 days.

Coinbase Global Inc (NASDAQ:COIN) stock price is down 1.47% from its 52-week high and up 251.80% from its 52-week low. In the past 30 days, the stock price is down 1.47% from the high and up 17.94% from the low.

Coinbase stock price technical analysis.

Coinbase stock price technical analysis.

The 200-day simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, COIN’s SMA-200 is $174.97.

Coinbase stock price analysis: ratios and multiples.

Coinbase stock price analysis: ratios and multiples.

It is important to consider COIN stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 12.90. Likewise, its price to free cash flow for the last twelve months stands at 44.05. COIN’s price to book ratio for the most recent quarter was 7.45, resulting in an 7.91 price to cash per share for the period.

Coinbase stock price analysis: earnings history.

Coinbase stock price analysis: earnings history.

If we examine Coinbase Global Inc's recent earnings history, in the last quarter ended on 3/31/2024, it posted adjusted earnings per share of $4.4, slashing the consensus of $1.14. In other words, it topped the consensus by $3.26, resulting in a 286.00% surprise. In the 3 months period before the previous quarter which was closed on 3/31/2024, the stock recorded adjusted earnings per share of $4.4 in contrast with the Outlook of $1.14. That was a difference of $3.26 and a surprise of 286.00%.

Coinbase stock price analysis: earnings estimates.

Coinbase stock price analysis: earnings estimates.

Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 7 different analysts, who are expecting earnings to fall in between the range of 1.83 and 0.75 with an average Earnings Estimate of 1.10 which is in contrast with the last year earnings estimate of -0.42 and also replicates 361.90% growth rate year over year.

Coinbase stock price analysis: institutional ownership details.

Coinbase stock price analysis: institutional ownership details.

I will give a breakdown of the key shareholders in Coinbase Global Inc (COIN). Recent figures show that the company’s insiders hold 2.40% of shares. A total of 1,233 institutional investors hold shares in the company, making 53.10% of its stock and 54.41% of its float.

As of the last report on March 31, 2024, the company’s largest institutional holder is Vanguard Group Inc holding total of 16.91 shares that make 8.46% of the company’s total number of shares and are currently priced at 4.15 billion.

The securities firm FMR, LLC holds 10.23 shares of COIN, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 5.12% , and the holding percentage of shares is valued at 2.51 billion.

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