Coinbase Global Inc (NASDAQ:COIN) shares traded 9.47% higher at $279.71 on Wall Street last session.
COIN stock price is now 58.42% away from the 50-day moving average and 142.09% away from the 200-day moving average. The market capitalization of the company currently stands at $67.77B.
On March 08, 2024, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $282, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Rajaram Gokul, Director sold 1,145 shares of the company’s stock on Mar 21 ’24. The stock was sold for $297,700 at an average price of $260.00. Upon completion of the transaction, the Director now directly owns 4,833 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Director Ehrsam Frederick Ernest III sold 16,380 shares of the business’s stock. A total of $3,906,808 was realized by selling the stock at an average price of $238.51. A total of 30.05% of the company’s stock is owned by insiders.
During the past 12 months, Coinbase Global Inc has had a low of $46.43 and a high of $276.38. The fifty day moving average price for COIN is $176.57 and a two-hundred day moving average price translates $115.54 for the stock.
The latest earnings results from Coinbase Global Inc (NASDAQ: COIN) was released for Dec, 2023. According to the Financial Data & Stock Exchanges Company, earnings per share came in at -$0.03, missing analysts’ expectations of -$0.01 by -0.02. This compares to -$2.45 EPS in the same period last year. The net profit margin was 3.05% and return on equity was 1.62% for COIN. The company reported revenue of $953.79 million for the quarter, compared to $629.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.61 percent.
