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Looking Closely at the Growth Curve for Coinbase Global Inc. (COIN)

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Coinbase Global Inc. (NASDAQ:COIN) went down by -3.15% from its latest closing price compared to the recent 1-year high of $429.54. The company’s stock price has collected -10.37% of loss in the last five trading sessions. Barron’s reported 7 hours ago that Bitcoin Claws Its Way Back Above $40,000. But It’s Still Down Big.

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 22.99 x from its present earnings ratio. Opinions of the stock are interesting as 15 analysts out of 24 who provided ratings for Coinbase Global Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 6 rated it as “hold,” and 1 as “sell.”

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COIN currently public float of 152.43M and currently shorts hold a 2.38% ratio of that float. Today, the average trading volume of COIN was 5.31M shares.

COIN’s Market Performance

COIN stocks went down by -10.37% for the week, with a monthly drop of -14.74% and a quarterly performance of -12.28%. The volatility ratio for the week stands at 5.50% while the volatility levels for the past 30 days are set at 5.21% for Coinbase Global Inc.. The simple moving average for the period of the last 20 days is -10.45% for COIN stocks with a simple moving average of -15.13% for the last 200 days.

Analysts’ Opinion of COIN

Many brokerage firms have already submitted their reports for COIN stocks, with BofA Securities repeating the rating for COIN by listing it as a “Buy.” The predicted price for COIN in the upcoming period, according to BofA Securities is $340 based on the research report published on January 06th of the current year 2022.

Piper Sandler, on the other hand, stated in their research note that they expect to see COIN reach a price target of $440, previously predicting the price at $360. The rating they have provided for COIN stocks is “Overweight” according to the report published on November 10th, 2021.

JMP Securities gave a rating of “Mkt Outperform” to COIN, setting the target price at $405 in the report published on November 10th of the previous year.

COIN Trading at -22.92% 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 -47.62% of loss for the given period.

Volatility was left at 5.21%, however, over the last 30 days, the volatility rate increased by 5.50%, as shares sank -12.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.49% lower at present.

During the last 5 trading sessions, COIN fell by -10.37%, in comparison to the 20-day moving average, which settled at $249.73. In addition, Coinbase Global Inc. saw -10.84% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at COIN starting from Chatterjee Surojit, who sale 10,000 shares at the price of $253.41 back on Jan 04. After this action, Chatterjee Surojit now owns 84 shares of Coinbase Global Inc., valued at $2,534,100 using the latest closing price.

Jones Jennifer N., the Chief Accounting Officer of Coinbase Global Inc., sale 796 shares at $256.23 during a trade that took place back on Jan 03, which means that Jones Jennifer N. is holding 19,535 shares at $203,959 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. Equity return is now at value 70.30, with 18.50 for asset returns.

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.

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The receivables turnover for the company is 9.09 and the total asset turnover is 0.31.

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