Coincheck Group (NASDAQ:CNCK) Stock Gets Price Target Reduction from Cantor Fitzgerald

Coincheck Group (NASDAQ:CNCK) had its target price dropped by investment analysts at Cantor Fitzgerald from $2.50 to $1.80 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald‘s price target indicates a potential upside of 62.16% from the company’s current price.

Several other equities analysts have also commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Coincheck Group in a research report on Wednesday, August 19th. Zacks Research raised shares of Coincheck Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.40.

Coincheck Group Stock Performance

Shares of NASDAQ CNCK opened at $1.11 on Thursday. The stock has a fifty day moving average price of $1.51 and a 200 day moving average price of $1.99. Coincheck Group has a 12-month low of $1.11 and a 12-month high of $9.31. The company has a market cap of $180.91 million, a P/E ratio of -18.50 and a beta of 0.54.

Coincheck Group (NASDAQ:CNCK) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Coincheck Group had a negative return on equity of 25.64% and a negative net margin of 1.35%. The company had revenue of $717.43 million for the quarter, compared to analysts’ expectations of $693.43 million. On average, sell-side analysts forecast that Coincheck Group will post -0.13 EPS for the current fiscal year.

Coincheck Group Company Profile

Coincheck Group N.V. is a holding company whose principal operating business is Coincheck, Inc., a Japan-based digital asset exchange. Its platform enables customers to buy, sell and trade cryptocurrencies. Coincheck also offers services related to digital assets, including an NFT marketplace. The business primarily serves customers in Japan. Coincheck was founded in 2012 and became part of Monex Group in 2018. Coincheck Group began trading on Nasdaq in 2024 following a business combination with Thunder Bridge Capital Partners IV.