A new trading day began on Monday, with Coinbase Global Inc (NASDAQ: COIN) stock price up 19.76% from the previous day of trading, before settling in for the closing price of $270.74. COIN’s price has ranged from $88.62 to $283.48 over the past 52 weeks.
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Annual sales at Financial sector company grew by 147.77% over the past five years. Meanwhile, its annual earnings per share averaged 1355.69%. With a float of $193.29 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. In terms of profitability, gross margin is 85.55%, operating margin of 28.05%, and the pretax margin is 32.14%.
Coinbase Global Inc (COIN) Insider Updates
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 22.79%, while institutional ownership is 42.63%. The most recent insider transaction that took place on Nov 06 ’24, was worth 1,158,750. In this transaction Chief People Officer of this company sold 4,635 shares at a rate of $250.00, taking the stock ownership to the 18,525 shares. Before that another transaction happened on Nov 07 ’24, when Company’s Director proposed sale 20,000 for $254.31, making the entire transaction worth $5,086,200.
Coinbase Global Inc (COIN) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1355.69% 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 14.55. Likewise, its price to free cash flow for the trailing twelve months is 42.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.85, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 3.87 in one year’s time.
Technical Analysis of Coinbase Global Inc (COIN)
Coinbase Global Inc (NASDAQ: COIN) saw its 5-day average volume 24.39 million, a positive change from its year-to-date volume of 10.77 million. As of the previous 9 days, the stock’s Stochastic %D was 95.17%. Additionally, its Average True Range was 19.88.
During the past 100 days, Coinbase Global Inc’s (COIN) raw stochastic average was set at 94.37%, which indicates a significant increase from 93.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 155.65% in the past 14 days, which was higher than the 89.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $187.74, while its 200-day Moving Average is $209.36. Nevertheless, the first resistance level for the watch stands at $340.73 in the near term. At $357.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $379.59. If the price goes on to break the first support level at $301.87, it is likely to go to the next support level at $279.51. Assuming the price breaks the second support level, the third support level stands at $263.01.
Coinbase Global Inc (NASDAQ: COIN) Key Stats
With a market capitalization of 85.99 billion, the company has a total of 250,350K Shares Outstanding. Currently, annual sales are 3,108 M while annual income is 94,870 K. The company’s previous quarter sales were 1,205 M while its latest quarter income was 75,500 K.
