A new trading day began on Tuesday, with Coinbase Global Inc (NASDAQ: COIN) stock price down -6.06% from the previous day of trading, before settling in for the closing price of $312.22. COIN’s price has ranged from $112.18 to $341.75 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 147.77% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 1376.02%. With a float of $192.90 million, this company’s outstanding shares have now reached $195.19 million.
In an organization with 3416 employees, it is important to assess its efficiency. 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 22.95%, while institutional ownership is 42.74%. The most recent insider transaction that took place on Nov 22 ’24, was worth 541,952. In this transaction Chief Accounting Officer of this company sold 1,837 shares at a rate of $295.02, taking the stock ownership to the 1,160 shares. Before that another transaction happened on Nov 25 ’24, when Company’s Officer proposed sale 25,000 for $312.22, making the entire transaction worth $7,805,500.
Coinbase Global Inc (COIN) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 1376.02% 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 12.42. Likewise, its price to free cash flow for the trailing twelve months is 36.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.85, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 3.98 in one year’s time.
Technical Analysis of Coinbase Global Inc (COIN)
Let’s dig in a bit further. During the last 5-days, its volume was 17.61 million. That was better than the volume of 11.2 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 43.12%. Additionally, its Average True Range was 24.88.
During the past 100 days, Coinbase Global Inc’s (COIN) raw stochastic average was set at 75.23%, which indicates a significant increase from 51.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.22% in the past 14 days, which was higher than the 92.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $219.82, while its 200-day Moving Average is $219.02. However, in the short run, Coinbase Global Inc’s stock first resistance to watch stands at $305.28. Second resistance stands at $317.28. The third major resistance level sits at $325.35. If the price goes on to break the first support level at $285.21, it is likely to go to the next support level at $277.14. Assuming the price breaks the second support level, the third support level stands at $265.14.
Coinbase Global Inc (NASDAQ: COIN) Key Stats
With a market capitalization of 73.43 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.
