A new trading day began on Friday, with Coinbase Global Inc (NASDAQ: COIN) stock price down -6.56% from the previous day of trading, before settling in for the closing price of $263.01. COIN’s price has ranged from $46.43 to $283.48 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 147.77% over the last five years. Meanwhile, its annual earnings per share averaged 880.93%. With a float of $169.50 million, this company’s outstanding shares have now reached $195.19 million.
The firm has a total of 3416 workers. Let’s measure their productivity.
Coinbase Global Inc (COIN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Financial Data & Stock Exchanges Industry. The insider ownership of Coinbase Global Inc is 30.04%, while institutional ownership is 40.19%. The most recent insider transaction that took place on Apr 08 ’24, was worth 4,196,390. In this transaction Director of this company sold 16,380 shares at a rate of $256.19, taking the stock ownership to the 0 shares. Before that another transaction happened on Apr 04 ’24, when Company’s Chairman and CEO sold 23,075 for $256.30, making the entire transaction worth $5,914,180. This insider now owns 526 shares in total.
Coinbase Global Inc (COIN) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 11.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 880.93% per share during the next fiscal year.
Coinbase Global Inc (NASDAQ: COIN) Trading Performance Indicators
Here are Coinbase Global Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.15. Likewise, its price to free cash flow for the trailing twelve months is 98.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.27, a number that is poised to hit 1.00 in the next quarter and is forecasted to reach 3.66 in one year’s time.
Technical Analysis of Coinbase Global Inc (COIN)
Analysing the last 5-days average volume posted by the [Coinbase Global Inc, COIN], we can find that recorded value of 8.8 million was lower than the volume posted last year of 14.12 million. As of the previous 9 days, the stock’s Stochastic %D was 55.94%. Additionally, its Average True Range was 17.49.
During the past 100 days, Coinbase Global Inc’s (COIN) raw stochastic average was set at 79.99%, which indicates a significant increase from 23.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.12% in the past 14 days, which was lower than the 80.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $211.92, while its 200-day Moving Average is $129.41. Now, the first resistance to watch is $255.71. This is followed by the second major resistance level at $265.67. The third major resistance level sits at $271.37. If the price goes on to break the first support level at $240.05, it is likely to go to the next support level at $234.35. Should the price break the second support level, the third support level stands at $224.39.
Coinbase Global Inc (NASDAQ: COIN) Key Stats
With a market capitalization of 59.54 billion, the company has a total of 242,275K Shares Outstanding. Currently, annual sales are 3,108 M while annual income is 94,870 K. The company’s previous quarter sales were 953,800 K while its latest quarter income was 273,440 K.
