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Navigating COIN Stock: Coinbase Global Inc Journey

The stock market performance of Coinbase Global Inc has been very steady. Over the last year, the company’s stock hit its highest at $283.48 on 03/25/24, while the lowest price during the same time frame was $46.43, recorded on 06/06/23.

52-week price history of COIN Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Coinbase Global Inc’s current trading price is -7.64% away from its 52-week high, while its distance from the 52-week low is 463.92%. The stock’s price range for this period has remained between $46.43 and $283.48. The Financial sector company’s shares managed to surpass a trading volume of around 7.73 million for the day, which was noticeably lower compared to the shares’ average daily volume of 15.27 million over the last three months.

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Financial Performance and Market Capitalization

Coinbase Global Inc (COIN) has experienced a quarterly rise of 52.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 63.44B and boasts a workforce of 3416 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 158.53, with a change in price of +183.26. Similarly, Coinbase Global Inc recorded 14,062,903 in trading volume during the last 100 days, posting a change of +235.52%.

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 0.49. Similarly, the long-term debt-to-equity ratio is also 0.47.

COIN Stock Stochastic Average

As of today, the raw stochastic average of Coinbase Global Inc over the last 50 days is at 86.74%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 74.99%. Further, the company’s Stochastic %K and %D values for the last 20 days were 84.09% and 86.04%, respectively.

COIN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 50.55%.However, over the last six months, we can see a weaker performance of 271.28%. Over the last 30 days, the price of COIN has fallen by 31.43%. And in the last five days, it has surged by 1.93%.

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