Coinbase Global Inc. [NASDAQ: COIN] stock went on a downward path that fall over -2.21% on Tuesday, amounting to a one-week price decrease of less than -4.57%. The company report on July 6, 2021 that SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Coinbase Global, Inc. and Encourages Investors with Losses In Excess of $500,000 to Contact the Firm.
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 one-year Coinbase Global Inc. stock forecast points to a potential upside of 39.37. The average equity rating for COIN stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $49.27 billion, with 209.29 million shares outstanding and 137.02 million shares in the current float. Compared to the average trading volume of 8.63M shares, COIN stock reached a trading volume of 2192606 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $388.27 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 2.10. 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.
Canaccord Genuity have made an estimate for Coinbase Global Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 16, 2021. The new note on the price target was released on June 09, 2021, representing the official price target for Coinbase Global Inc. stock. Previously, the target price had yet another raise to $371, while JP Morgan analysts kept a Overweight rating on COIN stock.
The Average True Range (ATR) for Coinbase Global Inc. is set at 9.81, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 17.06.
COIN Stock Performance Analysis:
Coinbase Global Inc. [COIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.57.
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 47.13, with the RSI for the last a single of trading hit 48.04, and the three-weeks RSI is set at 44.87 for Coinbase Global Inc. [COIN]. The present Moving Average for the last 50 days of trading for this stock 249.06, while it was recorded at 245.15 for the last single week of trading.
Insight into Coinbase Global Inc. 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.
Coinbase Global Inc. [COIN] Insider Position Details
Positions in Coinbase Global Inc. stocks held by institutional investors increased at the end of August and at the time of the August 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.