How have the shares performed?
Coinbase Global Inc. (COIN) saw downtrend of -1.15% in the recent trading with $294.21 being its most recent. The current price level -31.51% lower than the highest price of $429.54 marked by the stock while trading over the past 52-weeks, whereas it is 4.30% higher than the lowest price of $282.07 the company dropped to over past 52-weeks. The latest news story on COIN appeared in Investor’s Business Daily under the title “Is Coinbase Stock A Buy Right Now As Bitcoin Surges And Ethereum Hits Record Highs?” on May-03-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -31.51% below one month high and is +4.30% above of the lowest during that time.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Coinbase Global Inc. Earnings – What Happened With COIN
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $585.11 billion while analysts on average were estimating the same to be $1.81 billion.
COIN – Coinbase Global Inc. Stock Earnings Estimates
7 analysts covering the stock at Wall Street were agreed upon that EPS consensus.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 197.28 million. COIN does have institutional investors; and they hold 7.29% of the stock.
Coinbase Global Inc. – Insider Activity and Holdings
Currently, the stock has been recommended as Moderate Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Coinbase Global Inc. has a debt to equity ratio of 0.00. The count was 66.94 for long-term debt to equity ratio.