A share price of Coinbase Global Inc [COIN] is currently trading at $195.96, down -1.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The COIN shares have gain 9.53% over the last week, with a monthly amount drifted -22.08%, and not 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 July 23, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $345 from $260. Previously, BofA Securities upgraded its rating to Neutral on May 17, 2024, and elevated its price target to $217. On April 10, 2024, BofA Securities reiterated its Underperform rating and revised its price target to $110 on the stock. Barclays reiterated its Underweight rating and increased its price target to $179 on April 08, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $276 on April 04, 2024. Keefe Bruyette reiterated a Mkt Perform rating for this stock on April 03, 2024, and upped its price target to $230. In a note dated March 12, 2024, Raymond James upgraded an Mkt Perform rating on this stock.
Coinbase Global Inc experienced fluctuations in its stock price throughout the past year between $69.63 and $283.48. Currently, Wall Street analysts expect the stock to reach $269.97 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $195.96 at the most recent close of the market. An investor can expect a potential return of 37.77% based on the average COIN price forecast.
Analyzing the COIN fundamentals
Trailing Twelve Months sales for Coinbase Global Inc [NASDAQ:COIN] were 5.38B which represents 101.30% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.21 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 191.58 points at the first support level, and at 187.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.15, and for the 2nd resistance point, it is at 206.35.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.05, the price to book ratio is 5.81 and price to earnings (TTM) ratio is 35.25.
Transactions by insiders
Recent insider trading involved Brian Armstrong, Officer, that happened on Aug 14 ’24 when 23075.0 shares were purchased. Chairman and CEO, Armstrong Brian completed a deal on Aug 05 ’24 to sell 23075.0 shares. Meanwhile, Officer Brian Armstrong bought 23075.0 shares on Aug 05 ’24.
