Coinbase Global Inc (COIN) stock is trading at $222.38, a gain of 0.83%

In the current trading session, Coinbase Global Inc's (COIN) stock is trading at the price of $222.38, a gain of 0.83% over last night's close.

Coinbase Global Inc (NASDAQ: COIN) stock is trading at $222.38, up 0.83% from last night’s close. The stock is down -21.55% from its 52-week high of $283.48 and up 219.37% from its 52-week low of $69.63. Based on the past 30-day period, the stock price is -15.78% below the high and +6.74% above the low.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, COIN’s SMA-200 is $171.08.

It is also essential to consider COIN stock ratios like the price-to-sales ratio, which is 11.71 for the last year. Likewise, its price to free cash flow for the last twelve months stands at 39.99. COIN’s price to book ratio for the most recent quarter was 6.76, resulting in an 7.18 price to cash per share for the period.

How does Coinbase Global Inc (COIN) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 21 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.52 in simple terms.

Coinbase Global Inc (NASDAQ: COIN) is a stock with a Moderate Buy consensus from the 21 brokerage firms that follow the company. The company’s average analyst recommendation ranges from a strong sell to a strong buy.

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