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

Coincheck Group (NASDAQ:CNCK) had its price objective decreased by Cantor Fitzgerald from $2.50 to $1.80 in a report issued on Thursday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock.

CNCK has been the topic of several other reports. Zacks Research raised Coincheck Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Coincheck Group in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.40.

Coincheck Group Price Performance

CNCK traded down $0.12 on Thursday, reaching $0.98. 35,638 shares of the company traded hands, compared to its average volume of 28,247. The company has a market cap of $159.72 million, a price-to-earnings ratio of -16.33 and a beta of 0.54. The stock’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.97. Coincheck Group has a 52-week low of $0.97 and a 52-week high of $9.31.

Coincheck Group (NASDAQ:CNCK) last issued its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Coincheck Group had a negative net margin of 1.35% and a negative return on equity of 25.64%. The company had revenue of $717.43 million during the quarter, compared to analyst estimates of $693.43 million. As a group, equities research analysts forecast that Coincheck Group will post -0.19 earnings per share for the current fiscal year.

About Coincheck Group

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.