Stocks of Coinbase Global Inc (NASDAQ:COIN) traded higher last session on Wall Street, down -2.49% to $245.84.
COIN stock price is now 29.60% away from the 50-day moving average and 103.47% away from the 200-day moving average. The market capitalization of the company currently stands at $59.56B.
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, Choi Emilie, President & COO sold 1,500 shares of the company’s stock on Mar 28 ’24. The stock was sold for $390,000 at an average price of $260.00. Upon completion of the transaction, the President & COO now directly owns 224,851 shares in the company, valued at $55.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, Director Ehrsam Frederick Ernest III sold 16,380 shares of the business’s stock. A total of $4,504,057 was realized by selling the stock at an average price of $274.97. A total of 30.01% 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 $283.48. The fifty day moving average price for COIN is $192.12 and a two-hundred day moving average price translates $121.78 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.
