Coinbase Global Inc (NASDAQ:COIN) price on current trading day, rose 4.75%

input: Coinbase Global Inc (NASDAQ:COIN) price on current trading day, rose 4.75% above its previous day's close as an upside momentum from buyers pushed the stock's value to $189.75.

Coinbase Global Inc (NASDAQ:COIN) stock saw a positive move on current trading day, opening at $182.89 and reaching a high of $193.7774. It closed at $181.14, indicating an upside momentum from buyers.

The stock’s beta value (5-Year monthly) was 3.664 while the PE ratio in trailing twelve months stood at 19.99. Turning to its 52-week performance, $349.75 and $146.12 were the 52-week high and 52-week low respectively. Overall, COIN moved -28.30% over the past month.

Coinbase Global Inc’s market cap currently stands at around $48.17 billion.

Investors will be keeping an eye on the next earnings report which is due on 2025-Feb-12. Analysts have a consensus estimate of 2.23B for the company’s revenue for the quarter, with a low and high estimate of 1.99B and 2.59B respectively. The average forecast suggests up to a 35.92% growth in sales growth compared to quarterly growth in the same period last fiscal year.

Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.12B, representing a 23.72% jump on that reported in the last financial year.

Charting the technicals, short term indicators suggest on average that COIN is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

According to the data, 37 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 11 analyst(s) rate the stock as a Hold, 23 recommend COIN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

COIN’s current price about -7.98% and -24.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.92, while 7-day volatility ratio is 5.62% and 7.96% in the 30-day chart. Further, Coinbase Global Inc (COIN) has a beta value of 3.63, and an average true range (ATR) of 16.75.

Analysts have given the company’s stock an average 52-week price target of $292.5, forecast between a low of $185 and high of $420. Looking at the price targets, the low is 2.5% off current price level while to achieve the yearly target high, price needs to move -121.34%. Nonetheless, investors will most likely welcome a -54.15% jump to $292.5 which is the analysts’ median price.

If we refocus on Coinbase Global Inc (NASDAQ:COIN), historical trading data shows that trading volumes averaged 9.85 over the past 10 days and 9.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 209.76 million shares.

The 21.24% of Coinbase Global Inc’s shares are in the hands of company insiders while institutional holders own 45.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.84 million on 2025-02-28, giving us a short ratio of 1.06. The data shows that as of 2025-02-28 short interest in Coinbase Global Inc (COIN) stood at 473.99997999999994 of shares outstanding, with shares short rising to 7.13 million registered in 2025-01-31. Current price change has pushed the stock -23.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COIN stock continues