On Friday, Coinbase Global Inc (NASDAQ: COIN) opened higher 4.93% from the last session, before settling in for the closing price of $231.52. Price fluctuations for COIN have ranged from $69.63 to $283.48 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 147.77%. Company’s average yearly earnings per share was noted 1877.76% at the time writing. With a float of $188.35 million, this company’s outstanding shares have now reached $195.19 million.
The extent of productivity of a business whose workforce counts for 3416 workers is very important to gauge.
Coinbase Global Inc (COIN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Financial Data & Stock Exchanges industry is another important factor to consider. The insider ownership of Coinbase Global Inc is 23.30%, while institutional ownership is 39.53%. The most recent insider transaction that took place on Jul 15 ’24, was worth 1,030,909. In this transaction Chief Financial Officer of this company sold 4,500 shares at a rate of $229.09, taking the stock ownership to the 182,903 shares. Before that another transaction happened on Jul 15 ’24, when Company’s President & COO sold 1,500 for $229.70, making the entire transaction worth $344,550. This insider now owns 196,471 shares in total.
Coinbase Global Inc (COIN) Latest Financial update
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.42 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.77) by 0.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1877.76% per share during the next fiscal year.
Coinbase Global Inc (NASDAQ: COIN) Trading Performance Indicators
Check out the current performance indicators for Coinbase Global Inc (COIN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.79. Likewise, its price to free cash flow for the trailing twelve months is 43.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.01, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 5.69 in one year’s time.
Technical Analysis of Coinbase Global Inc (COIN)
The latest stats from [Coinbase Global Inc, COIN] show that its last 5-days average volume of 9.02 million was inferior to 11.38 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 33.28%. Additionally, its Average True Range was 15.81.
During the past 100 days, Coinbase Global Inc’s (COIN) raw stochastic average was set at 54.21%, which indicates a significant increase from 49.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.56% in the past 14 days, which was higher than the 75.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $233.86, while its 200-day Moving Average is $181.90. Now, the first resistance to watch is $248.87. This is followed by the second major resistance level at $254.82. The third major resistance level sits at $260.47. If the price goes on to break the first support level at $237.27, it is likely to go to the next support level at $231.62. The third support level lies at $225.67 if the price breaches the second support level.
Coinbase Global Inc (NASDAQ: COIN) Key Stats
There are currently 245,569K shares outstanding in the company with a market cap of 59.66 billion. Presently, the company’s annual sales total 3,108 M according to its annual income of 94,870 K. Last quarter, the company’s sales amounted to 1,638 M and its income totaled 1,176 M.
