Coinbase Global Inc [COIN] stock prices are down -6.56% to $245.75 at the moment. 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 2.01% over the last week, with a monthly amount drifted -2.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coinbase Global Inc [NASDAQ: COIN] stock has seen the most recent analyst activity on April 10, 2024, when BofA Securities reiterated its Underperform rating and also boosted its price target to $110 from $92. Previously, Barclays reaffirmed its Underweight rating on April 08, 2024, and elevated its price target to $179. On April 04, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $276 on the stock. Keefe Bruyette reiterated its Mkt Perform rating and increased its price target to $230 on April 03, 2024. Raymond James upgraded its rating to a Mkt Perform. Goldman upgraded its rating to Neutral for this stock on March 08, 2024, but kept the price target unchanged to $282. In a note dated February 16, 2024, Keefe Bruyette upgraded an Mkt Perform rating on this stock but restated the target price of $160.
The stock price of Coinbase Global Inc [COIN] has been fluctuating between $46.43 and $283.48 over the past year. Currently, Wall Street analysts expect the stock to reach $210.08 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $245.75 at the most recent close of the market. An investor can expect a potential drop of -14.51% based on the average COIN price forecast.
Analyzing the COIN fundamentals
The Coinbase Global Inc [NASDAQ:COIN] reported sales of 3.11B for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 240.05 points at the first support level, and at 234.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 255.71, and for the 2nd resistance point, it is at 265.67.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 19.15, the price to book ratio is 9.47 and price to earnings (TTM) ratio is 911.87.
Transactions by insiders
Recent insider trading involved Ehrsam Frederick Ernest III, Director, that happened on Apr 08 ’24 when 16380.0 shares were sold. Chairman and CEO, Armstrong Brian completed a deal on Apr 04 ’24 to sell 23075.0 shares. Meanwhile, Director Ehrsam Frederick Ernest III sold 16380.0 shares on Apr 02 ’24.
