Coinbase Global Inc [NASDAQ: COIN] price plunged by -2.61 percent to reach at -$4.92.
The one-year COIN stock forecast points to a potential upside of 27.2. The average equity rating for COIN stock is currently 2.39, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $251.86 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 2.39. 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 12.71, with the Price to Sales ratio for COIN stock in the period of the last 12 months amounting to 8.47. The Price to Book ratio for the last quarter was 5.44, with the Price to Cash per share for the same quarter was set at 33.47. Price to Free Cash Flow for COIN in the course of the last twelve months was 24.13.
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 -13.26. With this latest performance, COIN shares dropped by -13.77% in over the last four-week period, additionally sinking by -10.89% over the last 6 months – not to mention a rise of 118.73% 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 38.66, with the RSI for the last a single of trading hit 35.16, and the three-weeks RSI is set at 40.88 for Coinbase Global Inc [COIN]. The present Moving Average for the last 50 days of trading for this stock 216.42, while it was recorded at 192.83 for the last single week of trading, and 196.99 for the last 200 days.
Coinbase Global Inc [COIN] Institutonal Ownership Details
There are presently around $55.62%, or 57.00%% of COIN stock, in the hands of institutional investors. The top three institutional holders of COIN stocks are: VANGUARD GROUP INC with ownership of 17.66 million shares, which is approximately 7.2725%. FMR LLC, holding 11.03 million shares of the stock with an approximate value of $$2.45 billion in COIN stocks shares; and FMR LLC, currently with $$2.44 billion in COIN stock with ownership which is approximately 4.5233%.
