Coinbase Global Inc [COIN] stock is trading at $206.23, up 4.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The COIN shares have gain 5.24% over the last week, with a monthly amount drifted -19.95%, 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 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 [COIN] stock has fluctuated between $69.63 and $283.48 over the past year. Currently, Wall Street analysts expect the stock to reach $276.34 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $206.23 at the most recent close of the market. An investor can expect a potential return of 34.0% based on the average COIN price forecast.
Analyzing the COIN fundamentals
Coinbase Global Inc [NASDAQ:COIN] reported sales of 5.38B for the trailing twelve months, which represents a growth of 101.30%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 198.56 points at the first support level, and at 190.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 210.45, and for the 2nd resistance point, it is at 214.67.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.53, the price to book ratio is 6.12 and price to earnings (TTM) ratio is 37.10.
Transactions by insiders
Recent insider trading involved ALESIA HAAS, Officer, that happened on Aug 20 ’24 when 4129.0 shares were purchased. Officer, LAWRENCE J BROCK completed a deal on Aug 20 ’24 to buy 15219.0 shares. Meanwhile, Officer EMILIE MONICA CHOI bought 14059.0 shares on Aug 20 ’24.
