The Director Of Coinbase Global Inc. (COIN) Purchased 8,974 Shares


As of Wednesday close, Coinbase Global Inc.’s (NASDAQ:COIN) stock was up $2.18, moving up 5.02 percent to $45.57. The average number of shares traded per day over the past five days has been 19,218,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.26 fall in that time frame. In the last twenty days, the average volume was 20,412,564, while in the previous 50 days, it was 15,061,102.

Since last month, COIN stock retreated -39.28%. Shares of the company fell to $40.61 on 11/21/22, the lowest level in the past month. A 52-week high of $331.70 was reached on 01/04/22 after having rallying from a 52-week low of $40.61. Since the beginning of this year, COIN’s stock price has dropped by -81.94% or -$206.80, and marked a new high 2 times. However, the stock has declined by -86.26% since its 52-week high.

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COIN stock investors should be aware that Coinbase Global Inc. (COIN) stock had its last reported insider trading activity 3 days ago on Nov 22. Lutke Tobias, the Director of the company, purchased of 8,974 shares for $42.35 on Nov 22. It resulted in a $380,049 investment by the insider. HAAS ALESIA J sold 103,859 shares at an average price of $42.44 on Nov 22. The insider now owns 92,317 shares following the transaction. On Nov 22, Chief Financial Officer HAAS ALESIA J sold 12,749 shares at $42.35 apiece. The transaction was valued at $539,920.

Financial Health

In the three months ended June 29, Coinbase Global Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, 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 June 29 was 0.60, and the total debt-to-equity ratio was 0.60. On the profitability front, the trailing twelve-month gross margin is 79.30% percent. In the year ended June 29, operating margins totaled -24.40%. 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 -18.40%.

In Coinbase Global Inc.’s quarter-end financial report for June 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 -122.23% to $808.33 million during the quarter, while net income inched up to $590.34 million. While analysts expected Coinbase Global Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.16 per share. During the quarter, the company generated -$514.17 million in EBITDA. The liabilities of Coinbase Global Inc. were 105.54 billion at the end of its most recent quarter ended June 29, and its total debt was $3.68 billion. The value of shareholders’ equity is $226.97 million.

Technical Picture

This quick technical analysis looks at Coinbase Global Inc.’s (COIN) price momentum. With a historical volatility rate of 125.70%, the RSI 9-day stood at 38.49% on 23 November.

With respect to its five-day moving average, the current Coinbase Global Inc. price is down by -6.68% percent or -$3.26. At present, COIN shares trade -38.26% below its 20-day simple moving average and -17.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.10% below its SMA50 and -78.17% below its SMA200.

Stochastic coefficient K was 12.11% and Stochastic coefficient D was 8.30%, while ATR was 5.73. Given the Stochastic reading of 21.74% for the 14-day period, the RSI (14) reading has been calculated as 38.76%. As of today, the MACD Oscillator reading stands at -5.41, while the 14-day reading stands at -6.80.

Analyst Ratings

Coinbase Global Inc. downgraded its rating on Coinbase Global Inc. (NASDAQ: COIN) to a Neutral in a note to investors on November 18, 2022. The analysts firm previously had a Buy rating on the stock.Coinbase Global Inc. (COIN) has been rated Hold by analysts. According to 5 brokerage firms, COIN is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Coinbase Global Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $67.00, the current consensus forecast for the stock is $41.00 – $200.00. Based on these forecasts, analysts predict Coinbase Global Inc. (COIN) will achieve an average price target of $75.68.


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