A look into Coinbase Global Inc (COIN)’s deeper side

With 5.32 million shares changed hands, the volume of the stock remained lighter than its average volume of 12.6 million shares. During the session, the Financial Data & Stock Exchanges company that operates in wider Financial sector, reached to the highest price of $206.9669 whereas the lowest price it dropped to was $194.9512. The 52-week range on COIN shows that it touched its highest point at $283.48 and its lowest point at $46.43 during that stretch. It currently has a 1-year price target of $249.04. Beta for the stock currently stands at 3.42.

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 down-trending over the past week, with a drop of -5.27%, but this was down by -9.11% over a month. Three-month performance surged to 44.63% while six-month performance rose 118.52%. The stock gained 254.12% in the past year, while it has gained 16.75% so far this year. A look at the trailing 12-month EPS for COIN yields 5.01 with Next year EPS estimates of 4.66. For the next quarter, that number is 1.05. This implies an EPS growth rate of 1711.50% for this year and -30.54% for next year.

Float and Shares Shorts:

At present, 195.19 million COIN shares are outstanding with a float of 173.36 million shares on hand for trading. On 2024-04-30, short shares totaled 10.68 million, which was 434.99999999999994 higher than short shares on 1711584000. 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 0.5776 of COIN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, COIN reported revenue of $1637570000.0 and operating income of $762040000.0. The EBITDA in the recently reported quarter was $800760000.0 and diluted EPS was $4.4.

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.