Coinbase Global Inc [NASDAQ: COIN] price plunged by -3.59 percent to reach at -$8.73.
The one-year COIN stock forecast points to a potential upside of 11.09. The average equity rating for COIN stock is currently 2.24, trading closer to a bullish pattern in the stock market.
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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 $263.42 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 2.24. 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.
Citigroup have made an estimate for Coinbase Global Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 23, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $110 to $217. The new note on the price target was released on May 17, 2024, representing the official price target for Coinbase Global Inc stock. Previously, the target price had yet another raise from $92 to $110, while BofA Securities kept a Underperform rating on COIN stock. On April 08, 2024, analysts increased their price target for COIN shares from 146 to 179.
The Average True Range (ATR) for Coinbase Global Inc is set at 16.21, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 12.33. The Price to Book ratio for the last quarter was 7.12, with the Price to Cash per share for the same quarter was set at 30.97. Price to Free Cash Flow for COIN in the course of the last twelve months was 42.11.
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 -11.67. With this latest performance, COIN shares gained by 4.55% in over the last four-week period, additionally plugging by 87.06% over the last 6 months – not to mention a rise of 152.67% 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 48.80, with the RSI for the last a single of trading hit 46.78, and the three-weeks RSI is set at 49.71 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 234.15, while it was recorded at 242.27 for the last single week of trading, and 182.67 for the last 200 days.
Coinbase Global Inc [COIN] Institutonal Ownership Details
The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in COIN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in COIN stock with ownership which is approximately 5.1238%.
