Coinbase Global Inc (NASDAQ: COIN) has a price-to-earnings ratio of 51.84x that is above its average ratio. Additionally, the 36-month beta value for COIN is 3.52. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”
The public float for COIN is 192.90M and currently, short sellers hold a 4.57% ratio of that float. The average trading volume of COIN on November 22, 2024 was 11.65M shares.
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COIN) stock’s latest price update
The stock price of Coinbase Global Inc (NASDAQ: COIN) has jumped by 2.73 compared to previous close of 295.23. Despite this, the company has seen a fall of -0.84% in its stock price over the last five trading days. marketbeat.com reported 2024-11-22 that Most of the stock market’s attention has been directed to cryptocurrency, the hottest and most popular niche of the technology sector today. The idea behind most decisions is that, as the price of Bitcoin keeps rallying near an all-time high of $100,000 per coin, most—if not all—of the names related to cryptocurrencies will rally along with Bitcoin.
COIN’s Market Performance
COIN’s stock has fallen by -0.84% in the past week, with a monthly rise of 45.00% and a quarterly rise of 48.67%. The volatility ratio for the week is 11.20% while the volatility levels for the last 30 days are 8.88% for Coinbase Global Inc The simple moving average for the past 20 days is 15.50% for COIN’s stock, with a 39.48% simple moving average for the past 200 days.
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 41.62% 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 -11.26% of loss for the given period.
Volatility was left at 8.88%, however, over the last 30 days, the volatility rate increased by 11.20%, as shares surge +47.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +85.28% upper at present.
During the last 5 trading sessions, COIN fell by -1.23%, which changed the moving average for the period of 200-days by +127.91% in comparison to the 20-day moving average, which settled at $262.53. In addition, Coinbase Global Inc saw 74.38% 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 ALESIA HAAS, who proposed sale 4,053 shares at the price of $318.18 back on Nov 20 ’24. After this action, ALESIA HAAS now owns shares of Coinbase Global Inc, valued at $1,289,590 using the latest closing price.
LAWRENCE J BROCK &JENNIFER M B, the Officer of Coinbase Global Inc, proposed sale 14,933 shares at $317.34 during a trade that took place back on Nov 20 ’24, which means that LAWRENCE J BROCK &JENNIFER M B is holding shares at $4,738,805 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 14.78. The receivables turnover for the company is 40.18for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Coinbase Global Inc (COIN) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
