Bernstein raised the price target for the Coinbase Global Inc. (NASDAQ:COIN) stock to “a Mkt perform”. The rating was released on April 27, 2021. The research report from Rosenblatt has initiated the stock to Buy, with a price target set at $450. The stock was initiated by Loop Capital, who disclosed in a research note on April 16, 2021, to Buy and set the price objective to $394. In their research brief published April 15, 2021, DA Davidson analysts reiterated the Coinbase Global Inc. stock to Buy with a price target of $650.
Historical Earnings Surprises and Revenue Forecasts
It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $2.99. This is an average of 7 analysts’ earnings, where the high earnings per share estimate is $3.39 and the low earnings per share estimate is $2.74. According to 7 analyst estimates, an average revenue estimate of $1.81B is projected for the current quarter with a high revenue estimate of $1.84B and a low estimate of $1.8B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Coinbase Global Inc. (NASDAQ:COIN) dipped -1.10% to close Thursday’s market session at $294.77, lower as compared to yesterday’s close. The stock price fluctuated between $292.10 and $300.00 throughout the trading session with the volume trading being 2832892 shares, which represented a significant variation when compared to the three months average volume of 20.09 million shares. COIN stock is trading at a margin of -5.97%, -5.97% and -5.97% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, COIN deals in the Technology domain. The stock is trading -31.38 percent below its 52-week high and 4.50 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Coinbase Global Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 32.00 percent and the profit margin is 10.00 percent, and the company has reported a gross margin of 89.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $59.09 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Coinbase Global Inc. (NASDAQ:COIN) is 460.58. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 56.15. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 46.25 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Coinbase Global Inc. shares are owned by insiders, and 7.29 percent are held by financial institutions. Ehrsam Frederick Ernest III, the Director at Coinbase Global Inc. (COIN) has sold 70,685 shares of firm on Apr 22 at a price of $296.51 against the total amount of $20.96 million. In another inside trade, Ehrsam Frederick Ernest III, Director of Coinbase Global Inc. (NASDAQ:COIN) sold 65,000 shares of the firm on Apr 21 for a total worth of $20.58 million at a price of $316.60. An inside trade which took place on Apr 20, Director of Coinbase Global Inc. Ehrsam Frederick Ernest III sold 70,000 shares of firm against total price of $22.58 million at the cost of $322.61 per share.