The growth track for Coinbase Global Inc (COIN) has changed recently

With 15.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.19 shares. During the session, the Financial Data & Stock Exchanges company that operates in wider Financial sector, reached to the highest price of $144.55 whereas the lowest price it dropped to was $137.17. The 52-week range on COIN shows that it touched its highest point at $187.39 and its lowest point at $46.43 during that stretch. It currently has a 1-year price target of $128.18. Beta for the stock currently stands at 3.15.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COIN was up-trending over the past week, with a rise of 9.88%, but this was down by -6.15% over a month. Three-month performance surged to 60.77% while six-month performance rose 70.27%. The stock gained 104.48% in the past year, while it has lost -18.36% so far this year. A look at the trailing 12-month EPS for COIN yields -3.23 with Next year EPS estimates of -0.12. For the next quarter, that number is 0.05. This implies an EPS growth rate of 93.75% for this year and 83.69% for next year.

Float and Shares Shorts:

At present, 182.80 million COIN shares are outstanding with a float of 167.95 million shares on hand for trading. On Jan 31, 2024, short shares totaled 17.58 million, which was 7.35% higher than short shares on Dec 29, 2023. In addition to Mr. Brian Armstrong as the firm’s Co-Founder, Chairman & CEO, Ms. Emilie M. Choi serves as its President & COO.

Institutional Ownership:

Through their ownership of 51.52% of COIN’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COIN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COIN analysts setting a high price target of $200.00 and a low target of $60.00, the average target price over the next 12 months is $128.18. Based on these targets, COIN could surge 40.85% to reach the target high and fall by -57.74% to reach the target low. Reaching the average price target will result in a decline of -9.73% from current levels.

Summary of Insider Activity:

Insiders traded COIN stock several times over the past three months with 2 Buys and 13 Sells. In these transactions, 123,267 shares were bought while 173,679 shares were sold. The number of buy transactions has increased to 66 while that of sell transactions has risen to 96 over the past year. The total number of shares bought during that period was 675,771 while 642,337 shares were sold.