COIN Stock: A Comprehensive Analysis and Forecast

Coinbase Global Inc (COIN) stock is currently valued at $106.10. During the last session, the stock experienced a remarkable rise, reaching $106.46 after opening at $100.71. The stock briefly dropped to $100.01 before ultimately closing at $99.05.

In terms of market performance, Coinbase Global Inc had a fairly even. The highest value for the stock in the past year was $114.43 on 07/14/23, and the lowest value was recorded at $31.55 on 01/06/23.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


52-week price history of COIN Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Coinbase Global Inc’s current trading price is -7.28% away from its 52-week high, while its distance from the 52-week low is 236.29%. The stock’s price range during the 52-week period has remained between $31.55 and $114.43. In the Financial sector, the company’s shares saw a trading volume of around 10.94 million for the day, which was evidently higher than the average daily volume of 8.23 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Coinbase Global Inc (COIN) has experienced a quarterly rise of 41.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.38B and boasts a workforce of 4510 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 83.31, with a change in price of +33.67. Similarly, Coinbase Global Inc recorded 10,496,549 in trading volume during the last 100 days, posting a change of +46.49%.

Examining COIN’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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

Coinbase Global Inc’s raw stochastic average for the past 50 days is presently 99.02%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 99.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 94.81% and 91.03%, respectively.

COIN Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded an increase of 199.80%. However, over the last six months, the performance has been weaker by 73.74%. The price of COIN increased 42.11% over the last 30 days. And in the last five days, it has surged by 14.53%.

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts