Coinbase share price

coinbase share price

What will Coinbase global stock price reach in the next year?

Their forecasts range from $220.00 to $600.00. On average, they expect Coinbase Globals share price to reach $373.72 in the next year. This suggests a possible upside of 91.1% from the stocks current price.

What will be Coinbase stock price prediction for 2022?

With a price target of $373.72, it is expected to record a surge of 91.41%. In line with its Coinbase stock price prediction 2022, Goldman Sachs has reiterated its position that the asset is a good buy at its current level.

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.

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.

Whats the price of Coinbase global stock based on earnings estimates?

The cryptocurrency exchange reported $1.62 earnings per share for the quarter, missing analysts consensus estimates of $1.79 by $0.17. Coinbase Global has generated $0.00 earnings per share over the last year. Earnings for Coinbase Global are expected to decrease by -44.10% in the coming year, from $14.06 to $7.86 per share.

When will Coinbase go public?

Coinbase, the largest U. S. cryptocurrency exchange, is expected to go public on April 14, via a direct listing on the Nasdaq exchange with the ticker COIN.

Why is Coinbase’s stock price dropping?

Firstly, Coinbase went public via a direct listing, which enables insiders to sell shares right away without the usual post IPO lockup period that limits the initial supply of shares. This could be putting some pressure on Coinbase’s stock price.

How many shares of Coinbase Global are shorted?

As of January 31st, there was short interest totaling 6,740,000 shares, an increase of 43.7% from the January 15th total of 4,690,000 shares. 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.

Are IPOs coming to the crypto market?

But the arrival of IPOs onto the crypto market is a significant development being led by none other than Coinbase. Coinbase is one of the largest digital assets exchanges in the industry.

Is Coinbase the first crypto company to go public?

Coinbase will be the first crypto company to go public on Nasdaq after a lucrative year that saw the exchange generate over $1.8 billion in revenue. It’s one of the leading exchanges and provides the gateway for many investors looking for their first engagement with the cryptocurrency industry.

What is Coinbase’s IPO ticker?

Major cryptocurrency exchange Coinbase will be conducting the first Initial Public Offering (IPO) of its kind on the 14th April, listing under the COIN ticker.

What is Coinbase and why is it important?

Coinbase is the primary gateway of a significant percentage of all crypto activities on the market. Coinbase’s essential legalization on the traditional market as a share-traded entity cannot be downplayed.

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