At the time of writing, Coinbase Global Inc [COIN] stock is trading at $167.69, down -0.73%. 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 1.62% over the last week, with a monthly amount glided 8.15%, 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 $70.42 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 $167.69 at the most recent close of the market. An investor can expect a potential return of 64.59% 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. 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 165.12 points at the first support level, and at 162.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 170.15, and for the 2nd resistance point, it is at 172.62.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.75, the price to book ratio is 4.97 and price to earnings (TTM) ratio is 30.17.
Transactions by insiders
Recent insider trading involved Choi Emilie, President & COO, that happened on Oct 01 ’24 when 8000.0 shares were sold. President & COO, Choi Emilie completed a deal on Sep 30 ’24 to sell 1500.0 shares. Meanwhile, Chief Legal Officer Grewal Paul sold 10000.0 shares on Sep 25 ’24.
