A Closer Look at Coinbase Global Inc (COIN) Stock Gains

Coinbase Global Inc (COIN) current stock price is $96.92. During the last trading session, the stock soared, reaching $97.89 after opening at $97.68. The stock’s lowest point was $94.45 before it closed at $98.15.

The stock market performance of Coinbase Global Inc has been very steady. Over the last year, the company’s stock hit its highest at $114.43 on 07/14/23, while the lowest price during the same time frame was $31.55, recorded on 01/06/23.

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52-week price history of COIN Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Coinbase Global Inc’s current trading price is -15.30% away from its 52-week high, while its distance from the 52-week low is 207.19%. The stock’s price range during this period has fluctuated between $31.55 and $114.43. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 7.04 million for the day, which was evidently lower than the average daily volume of 8.3 million over the last three months.

Financial Performance and Market Capitalization

Coinbase Global Inc (COIN) has experienced a quarterly rise of 32.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.19B and boasts a workforce of 4510 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 82.69, with a change in price of +27.03. Similarly, Coinbase Global Inc recorded 10,691,156 in trading volume during the last 100 days, posting a change of +38.68%.

COIN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for COIN stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.52.

COIN Stock Stochastic Average

The raw stochastic average for Coinbase Global Inc over the last 50 days is presently at 89.42%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 89.14%. Further, the company’s Stochastic %K and %D values for the last 20 days were 85.37% and 80.50%, respectively.

COIN Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded an increase of 173.86%. However, over the last six months, the performance has been weaker by 60.84%. The price of COIN increased 31.10% over the last 30 days. And in the last five days, it has surged by 4.37%.

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