At the time of writing, Coinbase Global Inc [COIN] stock is trading at $191.23, up 6.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The COIN shares have gain 12.43% over the last week, with a monthly amount glided 0.54%, and 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 September 06, 2024, when Barclays upgraded its rating to a Equal Weight and also revised its price target to $169 from $206. Previously, Citigroup upgraded its rating to Buy on July 23, 2024, and elevated its price target to $345. On May 17, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $217 on the stock. BofA Securities reiterated its Underperform rating and increased its price target to $110 on April 10, 2024. Barclays reiterated its recommendation of a Underweight and raised its price target to $179 on April 08, 2024. Oppenheimer reiterated a Outperform rating for this stock on April 04, 2024, and upped its price target to $276. In a note dated April 03, 2024, Keefe Bruyette reiterated an Mkt Perform rating on this stock and boosted its target price from $160 to $230.
For the past year, the stock price of Coinbase Global Inc fluctuated between $69.95 and $283.48. Currently, Wall Street analysts expect the stock to reach $276 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $191.23 at the most recent close of the market. An investor can expect a potential return of 44.33% based on the average COIN price forecast.
Analyzing the COIN fundamentals
According to Coinbase Global Inc [NASDAQ:COIN], the company’s sales were 5.38B for trailing twelve months, which represents an 101.30% jump. 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 183.00 points at the first support level, and at 174.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.95, and for the 2nd resistance point, it is at 200.68.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.83, the price to book ratio is 5.67 and price to earnings (TTM) ratio is 34.40.
Transactions by insiders
Recent insider trading involved Rajaram Gokul, Director, that happened on Sep 18 ’24 when 400.0 shares were sold. Chief Financial Officer, HAAS ALESIA J completed a deal on Sep 16 ’24 to sell 6500.0 shares. Meanwhile, Director Rajaram Gokul bought 1200.0 shares on Sep 18 ’24.
