Coinbase Global Inc [COIN] stock is trading at $256.62, up 5.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The COIN shares have gain 24.71% over the last week, with a monthly amount glided 110.22%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Coinbase to Participate in the Morgan Stanley Technology, Media and Telecom Conference. In a post published today on Yahoo Finance, Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, and Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 6, 2024 at 3:35 p.m. PT / 6:35 p.m. ET.
From an analyst’s perspective:
Coinbase Global Inc [NASDAQ: COIN] stock has seen the most recent analyst activity on March 08, 2024, when Goldman upgraded its rating to a Neutral but kept the price target unchanged to $282 for it. Previously, Keefe Bruyette upgraded its rating to Mkt Perform on February 16, 2024, and kept the price target unchanged to $160. On February 15, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $80 on the stock. JP Morgan downgraded its rating to a Underweight but stick to its price target of $80 on January 23, 2024. JMP Securities reiterated its recommendation of a Mkt Outperform and raised its price target to $200 on December 22, 2023. Canaccord Genuity reiterated a Buy rating for this stock on August 01, 2023, and upped its price target to $140. In a note dated July 19, 2023, Compass Point reiterated an Buy rating on this stock and boosted its target price from $100 to $145.
Coinbase Global Inc [COIN] stock has fluctuated between $46.43 and $242.87 over the past year. Currently, Wall Street analysts expect the stock to reach $189.42 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $256.62 at the most recent close of the market. An investor can expect a potential drop of -26.19% based on the average COIN price forecast.
Analyzing the COIN fundamentals
Coinbase Global Inc [NASDAQ:COIN] reported sales of 3.11B for the trailing twelve months, which represents a growth of 51.61%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 244.16 points at the first support level, and at 231.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 269.81, and for the 2nd resistance point, it is at 283.00.
Coinbase Global Inc [COIN] reported earnings per share of -$0.03 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of -$0.02 and a surprise factor of -200.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 20.00, the price to book ratio is 9.89 and price to earnings (TTM) ratio is 952.21.
Transactions by insiders
Recent insider trading involved HAAS ALESIA J, Chief Financial Officer, that happened on Mar 05 ’24 when 64000.0 shares were sold. Director, Ehrsam Frederick Ernest III completed a deal on Mar 05 ’24 to sell 16380.0 shares. Meanwhile, Chief People Officer Brock Lawrence J sold 0.1 million shares on Mar 04 ’24.
