Coinbase Global Inc (NASDAQ: COIN) on Friday, plunged -3.24% from the previous trading day, before settling in for the closing price of $218.08. Within the past 52 weeks, COIN’s price has moved between $46.43 and $283.48.
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Annual sales at Financial sector company grew by 147.77% over the past five years. The company achieved an average annual earnings per share of 941.83%. With a float of $168.98 million, this company’s outstanding shares have now reached $195.19 million.
Let’s look at the performance matrix of the company that is accounted for 3416 employees.
Coinbase Global Inc (COIN) Insider Updates
Observing investor behavior towards Financial Data & Stock Exchanges industry stocks is more important than anything else. The insider ownership of Coinbase Global Inc is 30.26%, while institutional ownership is 37.57%. The most recent insider transaction that took place on Apr 17 ’24, was worth 3,505,222. In this transaction Director of this company sold 16,380 shares at a rate of $213.99, taking the stock ownership to the 0 shares. Before that another transaction happened on Apr 15 ’24, when Company’s Chairman and CEO sold 23,075 for $238.26, making the entire transaction worth $5,497,933. This insider now owns 526 shares in total.
Coinbase Global Inc (COIN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 11.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 941.83% per share during the next fiscal year.
Coinbase Global Inc (NASDAQ: COIN) Trading Performance Indicators
Coinbase Global Inc (COIN) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.45. Likewise, its price to free cash flow for the trailing twelve months is 84.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.27, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 4.14 in one year’s time.
Technical Analysis of Coinbase Global Inc (COIN)
Coinbase Global Inc (NASDAQ: COIN) saw its 5-day average volume 11.18 million, a negative change from its year-to-date volume of 13.92 million. As of the previous 9 days, the stock’s Stochastic %D was 14.70%. Additionally, its Average True Range was 17.96.
During the past 100 days, Coinbase Global Inc’s (COIN) raw stochastic average was set at 57.69%, which indicates a significant increase from 9.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.19% in the past 14 days, which was lower than the 82.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $221.27, while its 200-day Moving Average is $132.97. Nevertheless, the first resistance level for the watch stands at $222.45 in the near term. At $233.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $240.03. If the price goes on to break the first support level at $204.87, it is likely to go to the next support level at $198.74. Assuming the price breaks the second support level, the third support level stands at $187.29.
Coinbase Global Inc (NASDAQ: COIN) Key Stats
Market capitalization of the company is 51.12 billion based on 242,275K outstanding shares. Right now, sales total 3,108 M and income totals 94,870 K. The company made 953,800 K in profit during its latest quarter, and 273,440 K in sales during its previous quarter.
