Coinbase Global Inc (COIN) plunge -9.35% in a week: will this be a lucky break through?

Coinbase Global Inc (NASDAQ: COIN) started the day on Thursday, with a price decrease of -0.83% at $163.10, before settling in for the price of $164.47 at the close. Taking a more long-term approach, COIN posted a 52-week range of $70.41-$283.48.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

In the past 5-years timespan, the Financial sector firm’s annual sales growth was 147.77%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1415.58%. This publicly-traded company’s shares outstanding now amounts to $195.19 million, simultaneously with a float of $191.41 million. The organization now has a market capitalization sitting at $40.53 billion. At the time of writing, stock’s 50-day Moving Average stood at $186.15, while the 200-day Moving Average is $201.62.

Coinbase Global Inc (COIN) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Financial Data & Stock Exchanges Industry. Coinbase Global Inc’s current insider ownership accounts for 22.97%, in contrast to 42.38% institutional ownership. According to the most recent insider trade that took place on Oct 01 ’24, this organization’s President & COO sold 8,000 shares at the rate of 165.99, making the entire transaction reach 1,327,918 in total value, affecting insider ownership by 178,101. Preceding that transaction, on Sep 30 ’24, Company’s President & COO sold 1,500 for 179.69, making the whole transaction’s value amount to 269,536. This particular insider is now the holder of 186,101 in total.

Coinbase Global Inc (COIN) Earnings and Revenue Records

Coinbase Global Inc’s EPS increase for this current 12-month fiscal period is 1415.58% and is forecasted to reach 4.76 in the upcoming year.

Coinbase Global Inc (NASDAQ: COIN) Trading Performance Indicators

Let’s observe the current performance indicators for Coinbase Global Inc (COIN). The Stock has managed to achieve an average true range (ATR) of 10.62. Alongside those numbers, its PE Ratio stands at $29.34, and its Beta score is 3.36. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 7.53. Similarly, its price to free cash flow for trailing twelve months is now 21.47.

In the same vein, COIN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 5.56, a figure that is expected to reach 0.45 in the next quarter, and analysts are predicting that it will be 4.76 at the market close of one year from today.

Technical Analysis of Coinbase Global Inc (COIN)

If we take a close look at the recent performances of Coinbase Global Inc (NASDAQ: COIN), its last 5-days Average volume was 9.94 million that shows plunge from its year to date volume of 10.41 million. During the previous 9 days, stock’s Stochastic %D was recorded 12.92% While, its Average True Range was 10.31.

Raw Stochastic average of Coinbase Global Inc (COIN) in the period of the previous 100 days is set at 13.43%, which indicates a major fall in contrast to 19.74% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 63.46% that was lower than 68.74% volatility it exhibited in the past 100-days period.