Coinbase Global Inc [COIN] stock prices are up 1.65% to $219.66 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The COIN shares have gain 4.24% over the last week, with a monthly amount glided 23.29%, 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 October 28, 2024, when Monness Crespi & Hardt initiated its Buy rating and assigned the stock a price target of $245. Previously, B. Riley Securities started tracking the stock with Neutral rating on October 23, 2024, and set its price target to $185. On September 06, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $169 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $345 on July 23, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $217 on May 17, 2024. BofA Securities reiterated a Underperform rating for this stock on April 10, 2024, and upped its price target to $110. In a note dated April 08, 2024, Barclays reiterated an Underweight rating on this stock and boosted its target price from $146 to $179.
The stock price of Coinbase Global Inc [COIN] has been fluctuating between $71.88 and $283.48 over the past year. Currently, Wall Street analysts expect the stock to reach $274.81 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $219.66 at the most recent close of the market. An investor can expect a potential return of 25.11% based on the average COIN price forecast.
Analyzing the COIN fundamentals
The Coinbase Global Inc [NASDAQ:COIN] reported sales of 5.38B for trailing twelve months, representing a surge 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 215.88 points at the first support level, and at 212.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 223.67, and for the 2nd resistance point, it is at 227.68.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.15, the price to book ratio is 6.52 and price to earnings (TTM) ratio is 39.52.
Transactions by insiders
Recent insider trading involved Grewal Paul, Chief Legal Officer, that happened on Oct 25 ’24 when 10000.0 shares were sold. Director, Rajaram Gokul completed a deal on Oct 16 ’24 to sell 400.0 shares. Meanwhile, Chief Financial Officer HAAS ALESIA J sold 5250.0 shares on Oct 15 ’24.
