Coinbase Global Inc. [COIN] Revenue clocked in at $7.20 billion, down -77.22% YTD: What’s Next?


Coinbase Global Inc. [NASDAQ: COIN] closed the trading session at $57.49 on 06/21/22. The day’s price range saw the stock hit a low of $54.10, while the highest price level was $60.75. The company report on June 6, 2022 that Coinbase to Participate in the Morgan Stanley US Financials, Payments & CRE Conference.

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Coinbase Global, Inc. announced today that Brett Tejpaul, Head of Coinbase Institutional, will participate in a fireside chat at the Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 13, 2022 at 12:15 p.m. PT / 3:15 p.m. ET.

A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at

The stocks have a year to date performance of -77.22 percent and weekly performance of 10.54 percent. The stock has been moved at -76.38 percent over the last six months. The stock has performed -14.73 percent around the most recent 30 days and changed -67.48 percent over the most recent 3-months.

If compared to the average trading volume of 11.02M shares, COIN reached to a volume of 16864428 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $141.83 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.

Needham have made an estimate for Coinbase Global Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 15, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $171 to $68. The new note on the price target was released on June 14, 2022, representing the official price target for Coinbase Global Inc. stock. Previously, the target price had yet another raise to $85, while Cowen analysts kept a Outperform rating on COIN stock.

The Average True Range (ATR) for Coinbase Global Inc. is set at 7.80, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 27.64.

COIN stock trade performance evaluation

Coinbase Global Inc. [COIN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.54. With this latest performance, COIN shares dropped by -14.73% in over the last four-week period, additionally sinking by -76.38% over the last 6 months – not to mention a drop of -74.17% in the past year of trading.

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 39.52, with the RSI for the last a single of trading hit 43.03, and the three-weeks RSI is set at 37.88 for Coinbase Global Inc. [COIN]. The present Moving Average for the last 50 days of trading for this stock 92.69, while it was recorded at 53.27 for the last single week of trading, and 204.38 for the last 200 days.

Coinbase Global Inc. [COIN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Coinbase Global Inc. [COIN] shares currently have an operating margin of +39.24 and a Gross Margin at +83.83. Coinbase Global Inc.’s Net Margin is presently recorded at +39.50.

Return on Equity for this stock inclined to 78.33, with Return on Assets sitting at 22.83.

Coinbase Global Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Coinbase Global Inc. [COIN]: Insider Ownership positions

There are presently around $3,957 million, or 45.30% of COIN stock, in the hands of institutional investors. The top three institutional holders of COIN stocks are: AH EQUITY PARTNERS III, L.L.C. with ownership of 10,864,390, which is approximately 0% of the company’s market cap and around 0.30% of the total institutional ownership; ARK INVESTMENT MANAGEMENT LLC, holding 6,982,749 shares of the stock with an approximate value of $357.66 million in COIN stocks shares; and VANGUARD GROUP INC, currently with $308.61 million in COIN stock with ownership of nearly 4.52% of the company’s market capitalization.

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 461 institutional holders increased their position in Coinbase Global Inc. [NASDAQ:COIN] by around 9,415,679 shares. Additionally, 436 investors decreased positions by around 17,197,430 shares, while 133 investors held positions by with 50,637,546 shares. The mentioned changes placed institutional holdings at 77,250,655 shares, according to the latest SEC report filing. COIN stock had 167 new institutional investments in for a total of 2,941,855 shares, while 245 institutional investors sold positions of 7,959,210 shares during the same period.