Coinbase Global Inc [COIN] stock is trading at $256.88, up 11.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The COIN shares have gain 2.05% over the last week, with a monthly amount glided 48.23%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Coinbase Global Inc [NASDAQ: COIN] stock has seen the most recent analyst activity on March 12, 2024, when Raymond James upgraded its rating to a Mkt Perform. Previously, Goldman upgraded its rating to Neutral on March 08, 2024, and kept the price target unchanged to $282. On February 16, 2024, upgrade upgraded it’s rating to Mkt Perform but maintained its price target of $160 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $80 on February 15, 2024. JP Morgan downgraded its rating to a Underweight but $80 remained the price target by the analyst firm on January 23, 2024. JMP Securities reiterated a Mkt Outperform rating for this stock on December 22, 2023, and upped its price target to $200. In a note dated August 01, 2023, Canaccord Genuity reiterated an Buy rating on this stock and boosted its target price from $70 to $140.
Coinbase Global Inc [COIN] stock has fluctuated between $46.43 and $271.65 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 $256.88 at the most recent close of the market. An investor can expect a potential drop of -26.26% 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 238.13 points at the first support level, and at 219.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 266.29, and for the 2nd resistance point, it is at 275.71.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 20.02, the price to book ratio is 9.90 and price to earnings (TTM) ratio is 953.17.
Transactions by insiders
Recent insider trading involved Ehrsam Frederick Ernest III, Director, that happened on Mar 15 ’24 when 16380.0 shares were sold. Chief Financial Officer, HAAS ALESIA J completed a deal on Mar 15 ’24 to sell 4750.0 shares. Meanwhile, President & COO Choi Emilie sold 1500.0 shares on Mar 14 ’24.
