With 14.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 11.75 million shares. During the session, the Financial Data & Stock Exchanges company that operates in wider Financial sector, reached to the highest price of $317.46 whereas the lowest price it dropped to was $291.2. The 52-week range on COIN shows that it touched its highest point at $341.75 and its lowest point at $107.98 during that stretch. It currently has a 1-year price target of $261.33. Beta for the stock currently stands at 3.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COIN was down-trending over the past week, with a drop of -4.05%, but this was up by 52.27% over a month. Three-month performance surged to 57.45% while six-month performance rose 27.44%. The stock gained 170.23% in the past year, while it has gained 79.52% so far this year. A look at the trailing 12-month EPS for COIN yields 5.85 with Next year EPS estimates of 3.98. For the next quarter, that number is 0.66. This implies an EPS growth rate of 1376.02% for this year and -27.09% for next year.
Float and Shares Shorts:
At present, 195.19 million COIN shares are outstanding with a float of 192.90 million shares on hand for trading. On 2024-10-31, short shares totaled 8.82 million, which was 352.0 higher than short shares on 1727654400. In addition to Mr. Brian Armstrong as the firm’s Co-Founder, Chairman & CEO, Ms. Emilie M. Choi serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.56416 of COIN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, COIN reported revenue of $1205193000.0 and operating income of $166130000.0. The EBITDA in the recently reported quarter was $232560000.0 and diluted EPS was $0.28.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COIN since 37 analysts follow the stock currently. There are 23 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With COIN analysts setting a high price target of 400.0 and a low target of 150.0, the average target price over the next 12 months is 257.47827. Based on these targets, COIN could surge 28.11% to reach the target high and fall by -51.96% to reach the target low. Reaching the average price target will result in a decline of -17.53% from current levels.
Analysts have provided yearly estimates in a range of $6.45466 being high and $4.98109 being low. For COIN, this leads to a yearly average estimate of $5.41693. The surprise factor in the prior quarter was $0.92. Based on analyst estimates, the high estimate for the next quarter is $2.21 and the low estimate is $0.34. The average estimate for the next quarter is thus $1.12.
