Coinbase Global Inc (NASDAQ: COIN)’s stock price has gone rise by 4.92 in comparison to its previous close of 281.63, however, the company has experienced a 14.18% increase in its stock price over the last five trading days. accessnewswire.com reported 2025-01-19 that NEW YORK, NY / ACCESS Newswire / January 19, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Coinbase Global, Inc. (“Coinbase” or “the Company”) (NASDAQ:COIN). Investors who purchased Coinbase securities prior to April 14, 2021, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/COIN.
Is It Worth Investing in Coinbase Global Inc (NASDAQ: COIN) Right Now?
The price-to-earnings ratio for Coinbase Global Inc (NASDAQ: COIN) is 50.51x, which is above its average ratio. Moreover, the 36-month beta value for COIN is 3.60. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 14 as “hold,” and 1 as “sell.”
The public float for COIN is 193.02M and currently, short sellers hold a 4.07% of that float. On January 20, 2025, COIN’s average trading volume was 12.88M shares.
COIN’s Market Performance
COIN stock saw a decrease of 14.18% in the past week, with a monthly decline of -6.29% and a quarterly a decrease of 40.38%. The volatility ratio for the week is 4.94%, and the volatility levels for the last 30 days are 6.16% for Coinbase Global Inc (COIN). The simple moving average for the last 20 days is 9.81% for COIN’s stock, with a simple moving average of 28.41% for the last 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 $390 based on the research report published on December 19, 2024 of the previous year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see COIN reach a price target of $358, previously predicting the price at $265. The rating they have provided for COIN stocks is “Outperform” according to the report published on November 25th, 2024.
Monness Crespi & Hardt gave a rating of “Buy” to COIN, setting the target price at $245 in the report published on October 28th of the previous year.
COIN Trading at 2.34% 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 -15.52% of loss for the given period.
Volatility was left at 6.16%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares sank -5.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.63% upper at present.
During the last 5 trading sessions, COIN rose by +14.18%, which changed the moving average for the period of 200-days by +20.19% in comparison to the 20-day moving average, which settled at $269.08. In addition, Coinbase Global Inc saw 19.00% 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 Fred Ehrsam, who proposed sale 5,262 shares at the price of $295.48 back on Jan 17 ’25. After this action, Fred Ehrsam now owns shares of Coinbase Global Inc, valued at $1,554,816 using the latest closing price.
HAAS ALESIA J, the Chief Financial Officer of Coinbase Global Inc, sale 20,000 shares at $300.00 during a trade that took place back on Jan 17 ’25, which means that HAAS ALESIA J is holding 124,470 shares at $6,000,000 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 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 17.47.
Currently, EBITDA for the company is 25.21 million with net debt to EBITDA at -2.06. When we switch over and look at the enterprise to sales, we see a ratio of 14.35. 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
