Coinbase Global Inc [COIN] stock is trading at $295.48, up 4.92%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COIN shares have gain 14.18% over the last week, with a monthly amount drifted -6.29%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Coinbase Global Inc [NASDAQ: COIN] stock has seen the most recent analyst activity on December 19, 2024, when Monness Crespi & Hardt reiterated its Buy rating and also boosted its price target to $390 from $245. Previously, Oppenheimer reaffirmed its Outperform rating on November 25, 2024, and elevated its price target to $358. On October 28, 2024, Monness Crespi & Hardt initiated with a Buy rating and assigned a price target of $245 on the stock. B. Riley Securities started tracking the stock assigning a Neutral rating and suggested a price target of $185 on October 23, 2024. Barclays upgraded its rating to a Equal Weight and reduced its price target to $169 on September 06, 2024. Citigroup upgraded its rating to Buy for this stock on July 23, 2024, and upped its price target to $345. In a note dated May 17, 2024, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $110 to $217.
Coinbase Global Inc [COIN] stock has fluctuated between $114.51 and $349.75 over the past year. Currently, Wall Street analysts expect the stock to reach $322.18 within the next 12 months. Coinbase Global Inc [NASDAQ: COIN] shares were valued at $295.48 at the most recent close of the market. An investor can expect a potential return of 9.04% based on the average COIN price forecast.
Analyzing the COIN fundamentals
Coinbase Global Inc [NASDAQ:COIN] reported sales of 5.91B for the trailing twelve months, which represents a growth of 78.77%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 289.76 points at the first support level, and at 284.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 300.78, and for the 2nd resistance point, it is at 306.07.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 12.52, the price to book ratio is 8.47 and price to earnings (TTM) ratio is 50.51.
Transactions by insiders
Recent insider trading involved Fred Ehrsam, Director, that happened on Jan 17 ’25 when 5262.0 shares were purchased. Chief Financial Officer, HAAS ALESIA J completed a deal on Jan 17 ’25 to sell 20000.0 shares. Meanwhile, Chief Financial Officer HAAS ALESIA J sold 5700.0 shares on Jan 15 ’25.
