Coinbase stock

coinbase stock

Why are Coinbase global shares down Wednesday?

Shares of Coinbase Global ( COIN 11.12%) were falling Wednesday after an analyst downgraded the stock and slashed his price target for the shares. The cryptocurrency stock was trading 4.6% lower as of 1:01 p.m. ET.

Should I buy Coinbase stock?

I dont feel comfortable recommending Coinbase at the moment. Until we see more regulation concerning cryptocurrencies and wider mainstream adoption, the company is prone to immense volatility. In my view, there are many other great businesses available today at attractive valuations that offer the same, if not more, upside.

Is Coinbase fueling negative investor sentiment today?

Additionally, two recent analyst reports on Coinbase appear to be fueling negative investor sentiment today. Yesterday, Eric Volkman pointed out the relevance of price target cuts from JPM and Mizuho analysts related to concerns about profitability and the relevance of NFTs. Investors seem to still be taking those cuts into account today.

What does the Coinbase IPO mean for the crypto market?

The highly anticipated Coinbase IPO launched on 16 April last year, driving up cryptocurrency prices, including bitcoin. Investors viewed the listing as an indication of growing mainstream crypto adoption. But the sharp gains – which saw the bitcoin price reach a fresh high of $64,863.10 on 14 April – prompted a ‘sell the news’ response.

Why did Coinbase go down Wednesday?

Shares of cryptocurrency giant Coinbase Global (NASDAQ: COIN) fell as much as 5.3% in trading on Wednesday after a data glitch hit the company. Shares are down 0.8% as of 2:50 p.m. ET. There was a pricing glitch that temporarily showed astronomical gains in some accounts.

How much is a share of Coinbase global worth?

One share of COIN stock can currently be purchased for approximately $195.53. How much money does Coinbase Global make? Coinbase Global has a market capitalization of $42.08 billion and generates $1.28 billion in revenue each year. How many employees does Coinbase Global have?

What is the days-to-cover ratio for Coinbase global?

Based on an average trading volume of 4,990,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 4.6% of the companys shares are short sold. View Coinbase Globals Short Interest.

Is there an upside to Coinbase globals price?

According to analysts consensus price target of $373.72, Coinbase Global has a forecasted upside of 83.3% from its current price of $203.90. Coinbase Global has only been the subject of 4 research reports in the past 90 days. Coinbase Global has received 58 “outperform” votes.

Mechanically, you can buy Coinbase stock by opening an account with any brokerage that allows you to trade stocks on the NASDAQ exchange. You should be able to make these trades on any mainstream trading platform, as NASDAQ is one of the standard markets in which U.S. brokerages operate. Should You Buy Coinbase Stock?

Is Coinbase a high-value stock?

The assets of the fund are now worth more than $50 billion. Ark Invest is fully capitalizing on Coinbases stock price decline by increasing its exposure to 624 million shares, accounting for 3% of the companys holdings and nearly 10% of Coinbases total shareholding. Should I Buy Coinbase?

Is Coinbase global a buy or sell signal?

Why is Coinbase stock falling today?

Coinbase ( COIN) stock is falling fast today as traders anticipate a long, hard crypto winter. Traders may also be cashing out due to Grayscales ongoing battle with the U.S. Securities and Exchange Commission (SEC).

Whats the outlook for Coinbase stock?

Right now, the outlook for Coinbase stock is a messy one. Accordingly, this company is one thats likely to remain a polarizing option for investors for some time to come.

What is Coinbase and how does it work?

The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Loading ... What is Bitcoin?

Should investors worry about Coinbase’s UPI support in India?

However, the otherwise cold shoulder Coinbase is receiving in its attempt to grow its influence in India may be concerning to some investors. While Coinbase asserts that the company is working with fintech partners in India and will work with the NPCI in gaining support for UPI usage, this statement has certainly raised investors eyebrows.

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