In the past week, COIN stock has gone up by 12.97%, with a monthly gain of 49.78% and a quarterly surge of 49.59%. The volatility ratio for the week is 11.04%, and the volatility levels for the last 30 days are 7.81% for Coinbase Global Inc The simple moving average for the past 20 days is 29.57% for COIN’s stock, with a 43.80% simple moving average for the past 200 days.
Is It Worth Investing in Coinbase Global Inc (NASDAQ: COIN) Right Now?
The price-to-earnings ratio for Coinbase Global Inc (NASDAQ: COIN) is 52.28x, which is above its average ratio. Moreover, the 36-month beta value for COIN is 3.49. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The public float for COIN is 192.90M and currently, short sellers hold a 4.57% of that float. On November 18, 2024, COIN’s average trading volume was 10.62M shares.
COIN) stock’s latest price update
Coinbase Global Inc (NASDAQ: COIN)’s stock price has increased by 9.69 compared to its previous closing price of 278.84. However, the company has seen a 12.97% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-11-17 that Tom Yeung here with your Sunday Digest. Last week, I recommended five stocks to buy in 2025 on a Donald Trump election victory.
Analysts’ Opinion of COIN
Many brokerage firms have already submitted their reports for COIN stocks, with Monness Crespi & Hardt repeating the rating for COIN by listing it as a “Buy.” The predicted price for COIN in the upcoming period, according to Monness Crespi & Hardt is $245 based on the research report published on October 28, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see COIN reach a price target of $185. The rating they have provided for COIN stocks is “Neutral” according to the report published on October 23rd, 2024.
Barclays gave a rating of “Equal Weight” to COIN, setting the target price at $169 in the report published on September 06th of the current year.
COIN Trading at 53.91% 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 -8.66% of loss for the given period.
Volatility was left at 7.81%, however, over the last 30 days, the volatility rate increased by 11.04%, as shares surge +38.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +107.57% upper at present.
During the last 5 trading sessions, COIN rose by +12.97%, which changed the moving average for the period of 200-days by +137.18% in comparison to the 20-day moving average, which settled at $236.04. In addition, Coinbase Global Inc saw 75.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COIN starting from HAAS ALESIA J, who proposed sale 3,575 shares at the price of $282.65 back on Nov 15 ’24. After this action, HAAS ALESIA J now owns shares of Coinbase Global Inc, valued at $1,010,474 using the latest closing price.
Armstrong Brian, the Chairman and CEO of Coinbase Global Inc, sale 325,000 shares at $307.33 during a trade that took place back on Nov 11 ’24, which means that Armstrong Brian is holding 526 shares at $99,883,468 based on the most recent closing price.
Stock Fundamentals for COIN
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.86 for the gross margin
The net margin for Coinbase Global Inc stands at 0.32. The total capital return value is set at 0.11. Equity return is now at value 21.30, with 0.75 for asset returns.
Based on Coinbase Global Inc (COIN), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 17.47.
Currently, EBITDA for the company is -74.53 million with net debt to EBITDA at -2.17. When we switch over and look at the enterprise to sales, we see a ratio of 14.88. The receivables turnover for the company is 40.18for trailing twelve months and the total asset turnover is 0.02.
Conclusion
To wrap up, the performance of Coinbase Global Inc (COIN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
