Coinbase Global Inc. (COIN) is priced at $245.77 after the most recent trading session. At the very opening of the session, the stock price was $246.51 and reached a high price of $251.88, prior to closing the session it reached the value of $242.84. The stock touched a low price of $239.60.Recently in News on September 14, 2021, Upcoming Deadline Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Coinbase Global Inc. (COIN) Shareholders of Class Action and Lead Plaintiff Deadline: September 20, 2021. New York, New York–(Newsfile Corp. – September 14, 2021) – Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Coinbase Global Inc. (“Coinbase” or “the Company”) (NASDAQ: COIN) and certain Coinbase directors and officers, and each of the venture capital firms that benefitted from Coinbase’s April 2021 direct offering (the “Offering”). Shareholders who purchased Coinbase common stock pursuant and/or traceable to the Offering are encouraged to join this case by visiting the firm’s site: www.bgandg.com/coin. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Coinbase Global Inc. shares are logging -42.78% during the 52-week period from high price, and 18.16% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $208.00 and $429.54.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1277975 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Coinbase Global Inc. (COIN) recorded performance in the market was -26.03%, having the revenues showcasing 1.56% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 52.89B, as it employees total of 1249 workers.
The Analysts eye on Coinbase Global Inc. (COIN)
During the last month, 14 analysts gave the Coinbase Global Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 249.47, with a change in the price was noted -48.02. In a similar fashion, Coinbase Global Inc. posted a movement of -16.36% for the period of last 100 days, recording 4,982,137 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for COIN is recording 0.30 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.30.
Technical rundown of Coinbase Global Inc. (COIN)
Raw Stochastic average of Coinbase Global Inc. in the period of last 50 days is set at 39.88%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 15.07%. In the last 20 days, the company’s Stochastic %K was 15.31% and its Stochastic %D was recorded 24.08%.
Considering, the past performance of Coinbase Global Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -26.03%. The shares increased approximately by -12.79% in the 7-day charts and went down by -5.33% in the period of the last 30 days. Common stock shares were driven by 1.56% during last recorded quarter.