Coinbase Global Inc. (NASDAQ:COIN) went down by -4.61% from its latest closing price compared to the recent 1-year high of $429.54. The company’s stock price has collected -7.07% of loss in the last five trading sessions. Barron’s reported 10 hours ago that Coinbase Stock May Be Stuck in a Rut Because Crypto Price Competition Is Heating Up
Is It Worth Investing in Coinbase Global Inc. (NASDAQ :COIN) Right Now?
Coinbase Global Inc. (NASDAQ:COIN) scored a price-to-earnings ratio above its average ratio, recording 438.53 x from its present earnings ratio. Opinions of the stock are interesting as 5 analysts out of 9 who provided ratings for Coinbase Global Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $438.22, which is $199.17 above the current price. COIN currently public float of 127.94M and currently shorts hold a 0.00% ratio of that float. Today, the average trading volume of COIN was 16.51M shares.
COIN’s Market Performance
The simple moving average for the period of the last 20 days is -9.36% for COIN stocks with a simple moving average of -9.36% for the last 200 days.
Analysts’ Opinion of COIN
Many brokerage firms have already submitted their reports for COIN stocks, with Keefe Bruyette repeating the rating for COIN by listing it as a “Mkt Perform.” The predicted price for COIN in the upcoming period, according to Keefe Bruyette is $325 based on the research report published on May 04th of the current year 2021.
Bernstein, on the other hand, stated in their research note that they expect to see COIN reach a price target of $250. The rating they have provided for COIN stocks is “Mkt Perform” according to the report published on April 27th, 2021.
Mizuho gave a rating of “Neutral” to COIN, setting the target price at $285 in the report published on April 22nd of the current year.
COIN Trading at -9.36% from the 50-Day Moving Average
After a stumble in the market that brought COIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.66% of loss for the given period.
During the last 5 trading sessions, COIN fell by -7.07%, in comparison to the 20-day moving average. In addition, Coinbase Global Inc. saw -14.51% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at COIN starting from Ehrsam Frederick Ernest III, who sale 70,685 shares at the price of $296.51 back on Apr 22. After this action, Ehrsam Frederick Ernest III now owns 2,015,190 shares of Coinbase Global Inc., valued at $20,959,092 using the latest closing price.
Ehrsam Frederick Ernest III, the Director of Coinbase Global Inc., sale 65,000 shares at $316.60 during a trade that took place back on Apr 21, which means that Ehrsam Frederick Ernest III is holding 2,085,875 shares at $20,579,157 based on the most recent closing price.
Stock Fundamentals for COIN
Current profitability levels for the company are sitting at:
- +32.01 for the present operating margin
- +89.39 for the gross margin
The net margin for Coinbase Global Inc. stands at +8.47. The total capital return value is set at 28.94, while invested capital returns managed to touch 7.80.
Based on Coinbase Global Inc. (COIN), the company’s capital structure generated 69.56 points at debt to equity in total, while total debt to capital is 41.02. Total debt to assets is 11.45, with long-term debt to equity ratio resting at 66.94. Finally, the long-term debt to capital ratio is 39.48.
The receivables turnover for the company is 9.09 and the total asset turnover is 0.31.