Coinbase Global Inc. (NASDAQ:COIN) went up by 1.97% from its latest closing price compared to the recent 1-year high of $429.54. The company’s stock price has collected -7.54% of loss in the last five trading sessions. Barron’s reported 14 hours ago that Bitcoin Erases 2021 Gains. It’s the ‘Ultimate Risky Asset Right Now.’
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 96.22 x from its present earnings ratio. Opinions of the stock are interesting as 12 analysts out of 19 who provided ratings for Coinbase Global Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $369.41, which is $163.31 above the current price. COIN currently public float of 137.02M and currently shorts hold a 3.49% ratio of that float. Today, the average trading volume of COIN was 5.92M shares.
COIN’s Market Performance
COIN stocks went down by -7.54% for the week, with a monthly drop of -1.89% and a quarterly performance of -29.88%. The volatility ratio for the week stands at 5.93% while the volatility levels for the past 30 days are set at 4.79% for Coinbase Global Inc.. The simple moving average for the period of the last 20 days is -5.07% for COIN stocks with a simple moving average of -12.05% for the last 200 days.
Analysts’ Opinion of COIN
Many brokerage firms have already submitted their reports for COIN stocks, with Oppenheimer repeating the rating for COIN by listing it as a “Outperform.” The predicted price for COIN in the upcoming period, according to Oppenheimer is $444 based on the research report published on July 07th of the current year 2021.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see COIN reach a price target of $285. The rating they have provided for COIN stocks is “Buy” according to the report published on June 16th, 2021.
COIN Trading at -6.21% 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 -47.63% of loss for the given period.
Volatility was left at 4.79%, however, over the last 30 days, the volatility rate increased by 5.93%, as shares surge +1.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.69% lower at present.
During the last 5 trading sessions, COIN fell by -7.54%, in comparison to the 20-day moving average, which settled at $237.08. In addition, Coinbase Global Inc. saw -31.47% 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 Andreessen Marc L, who sale 17,473 shares at the price of $226.65 back on May 24. After this action, Andreessen Marc L now owns 0 shares of Coinbase Global Inc., valued at $3,960,295 using the latest closing price.
Andreessen Horowitz LSV Fund I, the 10% Owner of Coinbase Global Inc., sale 17,473 shares at $226.65 during a trade that took place back on May 24, which means that Andreessen Horowitz LSV Fund I is holding 0 shares at $3,960,295 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 7.06 points at debt to equity in total, while total debt to capital is 6.60. Total debt to assets is 1.84, with long-term debt to equity ratio resting at 8.56. Finally, the long-term debt to capital ratio is 5.05.
The receivables turnover for the company is 9.09 and the total asset turnover is 0.31.