A share price of Coinbase Global Inc [COIN] is currently trading at $254.31, up 31.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The COIN shares have gain 20.10% over the last week, with a monthly amount glided 51.65%, and 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 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.
Coinbase Global Inc experienced fluctuations in its stock price throughout the past year between $84.09 and $283.48. Currently, Wall Street analysts expect the stock to reach $277 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $254.31 at the most recent close of the market. An investor can expect a potential return of 8.92% based on the average COIN price forecast.
Analyzing the COIN fundamentals
Trailing Twelve Months sales for Coinbase Global Inc [NASDAQ:COIN] were 5.91B which represents 78.77% growth. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.2 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 231.05 points at the first support level, and at 207.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 267.62, and for the 2nd resistance point, it is at 280.94.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.77, the price to book ratio is 7.29 and price to earnings (TTM) ratio is 43.47.
Transactions by insiders
Recent insider trading involved LAWRENCE J BROCK & JENNIFER M, Officer, that happened on Nov 06 ’24 when 9270.0 shares were purchased. President & COO, Choi Emilie completed a deal on Nov 01 ’24 to sell 8000.0 shares. Meanwhile, President & COO Choi Emilie sold 1500.0 shares on Oct 31 ’24.
