An Insider Sold 1,207 Shares Of Coinbase Global Inc. (COIN)

As of Thursday close, Coinbase Global Inc.’s (NASDAQ:COIN) stock was up $4.78, moving up 8.90 percent to $58.50. The average number of shares traded per day over the past five days has been 36,704,203 shares. 1 time new highs have been achieved over the past 5 days, with a -$55.75 fall in that time frame. In the last twenty days, the average volume was 13,073,110, while in the previous 50 days, it was 7,658,826.

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Since last month, COIN stock retreated -60.96%. Shares of the company fell to $40.83 on 05/12/22, the lowest level in the past month. A 52-week high of $368.90 was reached on 01/04/22 after having rallying from a 52-week low of $50.15. Since the beginning of this year, COIN’s stock price has dropped by -76.82% or -$193.87, and marked a new high 2 times. However, the stock has declined by -84.14% since its 52-week high.

Coinbase Global Inc. (COIN) last reported insider trading activity 77 days ago on Feb 25. Grewal Paul, the Chief Legal Officer of the company, disposed of 1,207 shares for $173.87 on Feb 25. It resulted in a $209,864 divestment by the insider. Chatterjee Surojit sold 10,000 shares at an average price of $253.41 on Jan 04. The insider now owns 84 shares following the transaction. On Jan 03, Chief Accounting Officer Jones Jennifer N. sold 796 shares at $256.23 apiece. The transaction was valued at $203,959.

Valuation Metrics

Right now, Coinbase Global Inc. (COIN) has a P/E ratio of about 4.38. Besides these, the trailing price-to-sales (P/S) ratio of 1.82, the price-to-book (PB) ratio of 1.96, and the price-to-cash flow ratio of 1.33 may also be considered.

Financial Health

In the three months ended September 29, Coinbase Global Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.53, and the total debt-to-equity ratio was 0.53. On the profitability front, the trailing twelve-month gross margin is 83.80% percent. In the year ended September 29, operating margins totaled 39.20%. Based on annual data, COIN earned $6.57 billion in gross profit and brought in $7.84 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 37.60%. Return on equity (ROE) for the past 12 months was 68.40%.

In Coinbase Global Inc.’s quarter-end financial report for September 29, it reported total debt of $3.39 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COIN’s revenue fell -54.41% to $2.5 billion during the quarter, while net income inched up to $1.17 billion. While analysts expected Coinbase Global Inc. to report $1.56 quarterly earnings, the actual figure was $1.62 per share, beating the consensus estimate by 3.80%. During the quarter, the company generated -$520.79 million in EBITDA. The liabilities of Coinbase Global Inc. were 14.4 billion at the end of its most recent quarter ended September 29, and its total debt was $3.94 billion. The value of shareholders’ equity is $222.02 million.

Technical Picture

This quick technical analysis looks at Coinbase Global Inc.’s (COIN) price momentum. With a historical volatility rate of 198.48%, the RSI 9-day stood at 18.52% on 12 May.

With respect to its five-day moving average, the current Coinbase Global Inc. price is down by -48.80% percent or -$55.75. At present, COIN shares trade -62.21% below its 20-day simple moving average and -75.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -69.92% below its SMA50 and -75.80% below its SMA200.

Stochastic coefficient K was 8.53% and Stochastic coefficient D was 5.26%, while ATR was 15.63. Given the Stochastic reading of 18.31% for the 14-day period, the RSI (14) reading has been calculated as 21.88%. As of today, the MACD Oscillator reading stands at -34.01, while the 14-day reading stands at -44.12.

Analyst Ratings

Coinbase Global Inc. downgraded its rating on Coinbase Global Inc. (NASDAQ: COIN) to a Neutral in a note to investors on May 11, 2022. The analysts firm previously had a Buy rating on the stock.Coinbase Global Inc. (COIN) has been rated Overweight by analysts. According to 2 brokerage firms, COIN is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Coinbase Global Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $172.00, the current consensus forecast for the stock is $50.00 – $600.00. Based on these forecasts, analysts predict Coinbase Global Inc. (COIN) will achieve an average price target of $188.05.


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