Coinbase Stock Buy Hold or Sell Recommendation

COIN
 Stock
  

USD 43.11  0.60  1.41%   

Given the investment horizon of 90 days and your slightly conservative level of risk, our recommendation regarding Coinbase Global is 'Cautious Hold'. Macroaxis provides Coinbase Global buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding COIN positions. The advice algorithm takes into account all of Coinbase Global's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Coinbase Global's buy-and-hold perspective. Continue to Coinbase Global Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Coinbase and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Coinbase Global.

Execute Coinbase Global Buy or Sell Advice

The Coinbase recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Coinbase Global. Macroaxis does not own or have any residual interests in Coinbase Global or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Coinbase Global's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Coinbase GlobalBuy Coinbase Global
Cautious Hold

Volatility

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Hype Condition

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Current Valuation

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Odds of Distress

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Economic Sensitivity

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Analyst Consensus

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Reporting Quality (M-Score)

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For the selected time horizon Coinbase Global has a Mean Deviation of 4.68, Standard Deviation of 6.05 and Variance of 36.59
Coinbase Global advice module can be used to check and cross-verify current investment recommendation provided by analysts analyzing the company's potential to grow using all of fundamental, technical, data market data available at the time. To make sure Coinbase Global is not overpriced, please confirm all Coinbase Global fundamentals, including its total debt, market capitalization, and the relationship between the gross profit and short ratio . Given that Coinbase Global has a number of shares shorted of 26.35 M, we suggest you to validate Coinbase Global market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Coinbase Global Trading Alerts and Improvement Suggestions

Coinbase Global generated a negative expected return over the last 90 days
Coinbase Global has high historical volatility and very poor performance
The company reported the previous year's revenue of 5.04 B. Net Loss for the year was (1.21 B) with profit before overhead, payroll, taxes, and interest of 7.84 B.
Coinbase Global currently holds about 5.01 B in cash with (1.82 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 22.07.
Roughly 59.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Coinbase Global exotic insider transaction detected

Coinbase Global current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Coinbase analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Coinbase analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price76.72
Target Median Price70.00
Target High Price200.00
Recommendation Mean2.60
Number Of Analyst Opinions25
Target Low Price41.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Coinbase Global Returns Distribution Density

The distribution of Coinbase Global's historical returns is an attempt to chart the uncertainty of Coinbase Global's future price movements. The chart of the probability distribution of Coinbase Global stock daily returns describes the distribution of returns around its average expected value. We use Coinbase Global price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Coinbase Global returns is essential to provide solid investment advice for Coinbase Global.
Mean Return-0.48Value At Risk-9.35
Potential Upside10.74Standard Deviation6.05
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Coinbase Global historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Coinbase Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Coinbase Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Coinbase Global backward and forwards among themselves. Coinbase Global's institutional investor refers to the entity that pools money to purchase Coinbase Global's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares45.2 K2.9 M
Zweigdimenna Associates LlcCommon Shares29.1 K1.4 M
Zweigdimenna Associates LlcCommon Shares40.5 K10.2 M
Zweigdimenna Associates LlcCommon Shares37.7 K8.6 M
Zweigdimenna Associates LlcCommon Shares44.8 K11.4 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares22.9 K1.1 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.2 K2.1 M
Note, although Coinbase Global's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Coinbase Global Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Coinbase Global or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Coinbase Global's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Coinbase stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.65
β
Beta against DOW2.31
σ
Overall volatility
6.24
Ir
Information ratio -0.09

Coinbase Global Volatility Alert

Coinbase Global is displaying above-average volatility over the selected time horizon. Investors should scrutinize Coinbase Global independently to ensure intended market timing strategies are aligned with expectations about Coinbase Global volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Coinbase Global's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Coinbase Global's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Coinbase Global Implied Volatility

Coinbase Global's implied volatility exposes the market's sentiment of Coinbase Global stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Coinbase Global's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Coinbase Global stock will not fluctuate a lot when Coinbase Global's options are near their expiration.

Coinbase Global Fundamentals Vs Peers

Comparing Coinbase Global's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Coinbase Global's direct or indirect competition across all of the common fundamentals between Coinbase Global and the related equities. This way, we can detect undervalued stocks with similar characteristics as Coinbase Global or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Coinbase Global's fundamental indicators could also be used in its relative valuation, which is a method of valuing Coinbase Global by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Coinbase Global to competition
FundamentalsCoinbase GlobalPeer Average
Return On Equity(22.35) %(0.31) %
Return On Asset(0.03) %(0.14) %
Profit Margin(24.35) %(1.27) %
Operating Margin2.00 %(5.51) %
Current Valuation9.02 B16.62 B
Shares Outstanding141.79 M571.82 M
Shares Owned by Insiders1.80 %10.09 %
Shares Owned by Institutions58.90 %39.21 %
Number of Shares Shorted26.35 M4.71 M
Price to Earning4.53 X28.72 X
Price to Book1.78 X9.51 X
Price to Sales2.30 X11.42 X
Revenue5.04 B9.43 B
Gross Profit7.84 B27.38 B
EBITDA100.78 M3.9 B
Net Income(1.21 B)570.98 M
Cash and Equivalents5.01 B2.7 B
Cash per Share22.07 X5.01 X
Total Debt3.68 B5.32 B
Debt to Equity0.65 %48.70 %
Current Ratio1.05 X2.16 X
Book Value Per Share24.83 X1.93 K
Cash Flow from Operations(1.82 B)971.22 M
Short Ratio2.38 X4.00 X
Earnings Per Share9.78 X3.12 X
Price to Earnings To Growth0.07 X4.89 X
Number of Employees3.73 K18.84 K
Beta0.34-0.15
Market Capitalization11.6 B19.03 B
Total Asset2.66 M29.47 B
Retained Earnings(117.49 M)9.33 B
Working Capital(2.99 M)1.48 B
Current Asset498 K9.34 B
   Coinbase Global exotic insider transaction detected [view details]

Coinbase Global Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Coinbase . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Coinbase Global Buy or Sell Advice

When is the right time to buy or sell Coinbase Global? Buying financial instruments such as Coinbase Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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Exotic
Exotic Theme
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic theme has 40 constituents at this time.
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Continue to Coinbase Global Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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Is Coinbase Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coinbase Global. If investors know Coinbase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coinbase Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
3.27
Market Capitalization
11.3 B
Quarterly Revenue Growth YOY
(0.56) 
Return On Assets
(0.0004) 
Return On Equity
(0.22) 
The market value of Coinbase Global is measured differently than its book value, which is the value of Coinbase that is recorded on the company's balance sheet. Investors also form their own opinion of Coinbase Global's value that differs from its market value or its book value, called intrinsic value, which is Coinbase Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coinbase Global's market value can be influenced by many factors that don't directly affect Coinbase Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coinbase Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Coinbase Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coinbase Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.