A share price of Coinbase Global Inc [COIN] is currently trading at $311.64, down -1.16%. 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 3.05% over the last week, with a monthly amount glided 1.89%, 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 November 25, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $358 from $265. Previously, Monness Crespi & Hardt started tracking the stock with Buy rating on October 28, 2024, and set its price target to $245. On October 23, 2024, B. Riley Securities initiated with a Neutral rating and assigned a price target of $185 on the stock. Barclays upgraded its rating to a Equal Weight and decreased its price target to $169 on September 06, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $345 on July 23, 2024. BofA Securities upgraded its rating to Neutral for this stock on May 17, 2024, and upped its price target to $217. In a note dated April 10, 2024, BofA Securities reiterated an Underperform rating on this stock and boosted its target price from $92 to $110.
Coinbase Global Inc experienced fluctuations in its stock price throughout the past year between $114.51 and $349.75. Currently, Wall Street analysts expect the stock to reach $309.92 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $311.64 at the most recent close of the market. An investor can expect a potential drop of -0.55% 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 0.86% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.32%, 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 0.2 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
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 302.40 points at the first support level, and at 293.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 321.97, and for the 2nd resistance point, it is at 332.30.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 13.20, the price to book ratio is 8.94 and price to earnings (TTM) ratio is 53.27.
Transactions by insiders
Recent insider trading involved Armstrong Brian, Chairman and CEO, that happened on Dec 16 ’24 when 25000.0 shares were sold. Officer, Brian Armstrong completed a deal on Dec 13 ’24 to buy 25000.0 shares. Meanwhile, Director Ehrsam Frederick Ernest III sold 34263.0 shares on Dec 09 ’24.
