Market Analysts see Coinbase Global Inc. [COIN] gaining to $371. Time to buy?

Coinbase Global Inc. [NASDAQ: COIN] traded at a low on 06/08/21, posting a -4.66 loss after which it closed the day’ session at $220.66. The company report on May 28, 2021 that INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Coinbase Global, Inc. and Encourages Investors with Losses to Contact the Firm.

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Los Angeles, California–(Newsfile Corp. – May 28, 2021) – The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Coinbase Global, Inc. (“Coinbase” or “the Company”) (NASDAQ: COIN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The results of the trading session contributed to over 5964512 shares changing hands. Over the past one week, the price volatility of Coinbase Global Inc. stands at 3.27% while the volatility over the past one month is 6.14%.

The market cap for COIN stock reached $47.02 billion, with 213.10 million shares outstanding and 137.02 million shares in the current float. Compared to the average trading volume of 10.78M shares, COIN reached a trading volume of 5964512 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Coinbase Global Inc. [COIN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COIN shares is $395.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COIN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Coinbase Global Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 25, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on May 24, 2021, representing the official price target for Coinbase Global Inc. stock. Previously, the target price had yet another raise to $275, while Wedbush analysts kept a Outperform rating on COIN stock.

The Average True Range (ATR) for Coinbase Global Inc. is set at 13.94, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 16.28.

How has COIN stock performed recently?

Coinbase Global Inc. [COIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.65.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COIN stock in for the last two-week period is set at 33.62, with the RSI for the last a single of trading hit 31.95, and the three-weeks RSI is set at 34.10 for Coinbase Global Inc. [COIN], while it was recorded at 231.01 for the last single week of trading.

Coinbase Global Inc. [COIN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Coinbase Global Inc. [COIN] shares currently have an operating margin of +32.01 and a Gross Margin at +89.39. Coinbase Global Inc.’s Net Margin is presently recorded at +8.47.

Return on Total Capital for COIN is now 28.94, given the latest momentum, and Return on Invested Capital for the company is 7.80. Return on Equity for this stock inclined to 8.37, with Return on Assets sitting at 2.63. When it comes to the capital structure of this company, Coinbase Global Inc. [COIN] has a Total Debt to Total Equity ratio set at 7.06. Additionally, COIN Total Debt to Total Capital is recorded at 6.60, with Total Debt to Total Assets ending up at 1.84. Long-Term Debt to Equity for the company is recorded at 8.56, with the Long-Term Debt to Total Capital now at 5.05.

Reflecting on the efficiency of the workforce at the company, Coinbase Global Inc. [COIN] managed to generate an average of $86,674 per employee. Receivables Turnover for the company is 9.09 with a Total Asset Turnover recorded at a value of 0.31.Coinbase Global Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Insider trade positions for Coinbase Global Inc. [COIN]

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Positions in Coinbase Global Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 2 institutional holders increased their position in Coinbase Global Inc. [NASDAQ:COIN] by around 420 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 420 shares, according to the latest SEC report filing. COIN stock had 2 new institutional investments in for a total of 420 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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