Coinbase Global Inc [NASDAQ: COIN] closed the trading session at $130.78 on 01/12/24. The day’s price range saw the stock hit a low of $130.37, while the highest price level was $141.07. The company report on January 12, 2024 at 6:30 AM that Hut 8 Announces US$65 Million Amended and Restated Credit Facility with Coinbase.
The New Loan is expected to be used for general corporate purposes and funded at or shortly following closing.
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The stocks have a year to date performance of -24.80 percent and weekly performance of -15.07 percent. The stock has been moved at 24.19 percent over the last six months. The stock has performed -6.33 percent around the most recent 30 days and changed 73.93 percent over the most recent 3-months.
If compared to the average trading volume of 12.63M shares, COIN reached to a volume of 20183691 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 $121.10 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 2.96. 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.
JMP Securities have made an estimate for Coinbase Global Inc shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on December 22, 2023.
The Average True Range (ATR) for Coinbase Global Inc is set at 11.20, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 11.24. The Price to Book ratio for the last quarter was 5.28, with the Price to Cash per share for the same quarter was set at 23.11. Price to Free Cash Flow for COIN in the course of the last twelve months was 7.41.
COIN stock trade performance evaluation
Coinbase Global Inc [COIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.07. With this latest performance, COIN shares dropped by -6.33% in over the last four-week period, additionally plugging by 24.19% over the last 6 months – not to mention a rise of 198.65% 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 39.02, with the RSI for the last a single of trading hit 29.66, and the three-weeks RSI is set at 45.10 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 131.33, while it was recorded at 146.93 for the last single week of trading, and 87.19 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 -61.02 and a Gross Margin at +80.28. Coinbase Global Inc’s Net Margin is presently recorded at -82.18.
Return on Total Capital for COIN is now -20.69, given the latest momentum, and Return on Invested Capital for the company is -28.03. Return on Equity for this stock declined to -44.35, with Return on Assets sitting at -4.73. When it comes to the capital structure of this company, Coinbase Global Inc [COIN] has a Total Debt to Total Equity ratio set at 64.47. Additionally, COIN Total Debt to Total Capital is recorded at 39.20, with Total Debt to Total Assets ending up at 3.92. Long-Term Debt to Equity for the company is recorded at 62.98, with the Long-Term Debt to Total Capital now at 38.29.
Reflecting on the efficiency of the workforce at the company, Coinbase Global Inc [COIN] managed to generate an average of -$582,029 per employee. Receivables Turnover for the company is 6.93 with a Total Asset Turnover recorded at a value of 0.06.
Coinbase Global Inc [COIN]: Institutional Ownership
The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in COIN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in COIN stock with ownership which is approximately 5.8325%.
