$Coinbase Global, Inc.(COIN)$ Pull up a chair and count your cash.
$ COIN $300.70 to $308.10 is 4 hour top.
Holding $308 for now. This is a buy area I reckon.
@Tiger_comments @TigerPicks @TigerStars @TigerPM @Daily_Discussion @TigerObserver @TigerGPT
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Based on the latest information on Coinbase Global, Inc. (COIN), here are some key points to consider:
Yesterday's closing price: $270.74 (USD)
Current stock price: $324.24 (USD)
52-week high: $334.86 (USD)
52-week low: $88.62 (USD)
Market capitalization: $81.17 billion (USD)
Circulating market cap: $65.42 billion (USD)
Total share capital: 250.35 million
Float share capital: 201.78 million
Trading volume: 42.44 million shares
Price-to-Earnings (P/E) ratio (Trailing Twelve Months): 58.39
Price-to-Sales ratio (TTM): 16.23
Price-to-Book ratio: 9.30
Earnings per Share (EPS) (Trailing Twelve Months): $5.55
Analyst recommendation: 5 recommend, 8 buy, 14 hold, 1 underperform
Analyst target price: The mean, low, and high target estimates are $247.50, $165.00, and $350.00, respectively.
Yesterday's support price: $180.12 (USD)
Yesterday's resistance price: $325.12 (USD)
Recent news and articles about Coinbase suggest that the surge in the stock price is driven by higher trading volumes and a more favorable regulatory environment. The company's performance is also linked to the rise in cryptocurrency prices, particularly Bitcoin, which has set new record highs. Investors are optimistic about Coinbase's potential growth in the digital asset industry.
It's important to note that investing in stocks carries risks, and the decision to buy or sell should be based on thorough research and analysis of your financial goals and risk tolerance. It is always recommended to consult with a financial advisor before making any investment decisions.
Please remember that the information provided here is for reference purposes only and should not be taken as investment advice.
Source 1: Coinbase Price Levels to Watch as Stock Surges to 3-Year HighSource 2: Coinbase stock rises 20% as Bitcoin reaches new highSource 3: Why Are Coinbase (COIN) Shares Soaring TodaySource 4: Coin Soars to $350 or possible running on low fuel to $250?Source 5: Coinbase Global, Inc. 2024/Q3 Earnings PreviewThe movement of Coinbase Global, Inc. (COIN) stock can be attributed to a few key factors:
News and Market Sentiment: There have been reports suggesting that the Trump Administration's favorable policies towards the cryptocurrency industry have increased optimism among investors. This has led to a "fear of missing out" sentiment, creating a positive market environment for Coinbase and other cryptocurrency-related stocks.
Bitcoin Price Movement: The surge in Coinbase's stock price is also influenced by the upward movement of Bitcoin, which reached new all-time highs. As Coinbase is a leading cryptocurrency exchange, the increase in Bitcoin's price generates higher trading volumes, potentially benefiting Coinbase's revenue. The positive correlation between Bitcoin's performance and Coinbase's stock price has been observed in recent times.
Trading Volume and Capital Flow: On 4-hour top, Coinbase stock is trading between the range of $300.70 and $308.10. Currently, the stock is holding at $308. The trading volume has been relatively high at 42.44 million shares. In terms of capital flow, there has been a net inflow of $581.72 million, indicating positive investor sentiment towards the stock.
Analyst Recommendations: It's important to consider the recommendations of financial analysts when evaluating investment decisions. Currently, there are 5 recommend, 8 buy, 14 hold, and 1 underperform recommendations for Coinbase. The mean target price estimated by 24 analysts is $247.50, with a low of $165.00 and a high of $350.00.
It is important to note that stock prices are influenced by various factors and can be subject to volatility. While the current market conditions and positive sentiment towards Coinbase may indicate a buy area, it is essential to conduct thorough research and analysis before making any investment decisions.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. Always perform your own research and consider your investment goals and risk tolerance before making any investment decisions.
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