Coincheck Group N.V. (NASDAQ:CNCK - Get Free Report) traded up 6.2% on Tuesday . The company traded as high as $4.81 and last traded at $4.81. 16,215 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 58,938 shares. The stock had previously closed at $4.53.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CNCK shares. KeyCorp started coverage on shares of Coincheck Group in a report on Wednesday, July 23rd. They issued a "sector weight" rating on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $6.00 price target (down from $9.00) on shares of Coincheck Group in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Coincheck Group from a "strong sell" rating to a "hold" rating in a report on Sunday, August 17th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.00.
Check Out Our Latest Research Report on Coincheck Group
Coincheck Group Price Performance
The firm has a 50-day moving average of $4.88 and a 200-day moving average of $5.56.
Institutional Trading of Coincheck Group
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in shares of Coincheck Group during the 4th quarter valued at approximately $911,000. Balyasny Asset Management L.P. lifted its holdings in shares of Coincheck Group by 120.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 127,213 shares of the company's stock worth $696,000 after buying an additional 69,377 shares during the period. Marshall Wace LLP purchased a new stake in shares of Coincheck Group in the 2nd quarter worth $192,000. Goldman Sachs Group Inc. purchased a new stake in shares of Coincheck Group during the 1st quarter worth $94,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Coincheck Group by 74.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 37,438 shares of the company's stock worth $205,000 after purchasing an additional 16,019 shares during the last quarter. 33.22% of the stock is currently owned by institutional investors.
Coincheck Group Company Profile
(
Get Free Report)
Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.
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