Coinbase Global Inc (NASDAQ:COIN) shares, rose in value, with the stock price down by -0.34% to the previous day’s close as strong demand from buyers drove the stock to $223.61.
Actively observing the price movement in the last trading, the stock closed the session at $224.37. The value of beta (5-year monthly) was 3.42 whereas the PE ratio was 829.72 over 12-month period. Referring to stock’s 52-week performance, its high was $283.48, and the low was $46.43. On the whole, COIN has fluctuated by -16.19% over the past month.
With the market capitalization of Coinbase Global Inc currently standing at about $54.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that COIN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of COIN currently trading nearly -6.70% and -1.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.65, while the 7-day volatility ratio is showing 6.65% which for the 30-day chart, stands at 6.86%. Furthermore, Coinbase Global Inc (COIN)’s beta value is 3.44, and its average true range (ATR) is 17.08.
A comparison of Coinbase Global Inc (COIN) with its peers suggests the former has fared considerably weaker in the market. COIN showed an intraday change of -0.34% in last session, and over the past year, it grew by 302.54%%.
Data on historical trading for Coinbase Global Inc (NASDAQ:COIN) indicates that the trading volumes over the past 3 months, they’ve averaged 13.06 million. According to company’s latest data on outstanding shares, there are 195.19 million shares outstanding.
Nearly 30.17% of Coinbase Global Inc’s shares belong to company insiders and institutional investors own 37.59% of the company’s shares. The stock has risen by 28.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COIN stock heading into the next quarter.
