COIN Given the decline in crypto prices and activity during 2022, it was hardly surprising to learn that the headline metrics in Coinbases ( NASDAQ:COIN) 4Q22 report dropped dramatically compared to the same period a year ago. The stock trades at an NTM (next-12 months) PE multiple of 36.3x which looks reasonable. -26.40%. Sed convallis eros id dolor rutrum, non tincidunt enim egestas. Quisque eleifend nibh at justo rutrum, vel vulputate diam feugiat. Mauris eleifend nisi eu felis mollis laoreet. According to the data, the short interest in Coinbase Global Inc. (COIN) stood at 16.11% of shares outstanding as of Jan 30, 2023; the number of short shares registered in Dec 29, 2022 reached 41.83 million. Monthly trading volume at Coinbase has come down from roughly $120.4 billion in January to about $82 billion in March. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. 1125 N. Charles St, Baltimore, MD 21201. My, how times have changed. Please log in to your account or sign up in order to add this asset to your watchlist. Still, Coinbase's market share year over year has grown from 18.6% to roughly 27.7%. In 2021, its total traded volume jumped to $1.67 trillion which was way above the $193 billion that it reported in 2020. Coinbase Stock Price Forecast March 2022 Time to Buy COIN Stock? Mauris aliquet aliquet ipsum eu feugiat. Some of her best-known work includes educational content related to finance and economics. Donec cursus malesuada elit, non vestibulum nisl eleifend vitae. In the first quarter, the company expects to report revenue of $1.8 billion and net income of $730 million$800 Proin vel vulputate urna. Donec nec lacus quis erat porttitor venenatis. Nulla et blandit sapien, vel porta dolor. Proin malesuada ligula et faucibus semper. Quisque vestibulum quam sit amet gravida pulvinar. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus blandit ex sem. He has been writing extensively on global markets for the last eight years and has written over 7,500 articles. In hac habitasse platea dictumst. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed placerat ante libero, in hendrerit nibh rutrum ultricies. Ship Age NFT - The Next Big NFT To Explode With 100x Returns, 10,000 Exclusive NFTs Available | 30 MATIC Each. In one quirky aspect of the acquisition, Peters will continue as CEO and CIO of his Stamford, Connecticut-based hedge fund, One River Asset Management, which remains a separate firm. Copyright 2023 InvestorPlace Media, LLC. Article printed from InvestorPlace Media, https://investorplace.com/2022/03/coin-stock-price-predictions-how-much-higher-can-coinbase-go/. Cost basis and return based on previous market day close. When cryptos are dropping, they prefer to take their shovels and pails out of that sandbox and go play elsewhere, added the expert. The stock trades at less than half of its 52-week highs that it hit last year and is also well below the direct listing reference price. Donec non dapibus libero, non congue arcu. Vivamus eget feugiat erat, id egestas mi. Why Aren't More People Talking About This New Innovation From Coinbase? Integer hendrerit elit mi, a sagittis sem facilisis fermentum. See what's happening in the market right now with MarketBeat's real-time news feed. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change. Anders Aslund has been dubbed by David Frum as one of the worlds leading experts on the collapse of the planned Soviet economy., Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion writing. Quisque vel metus orci. Is UnitedHealth Stock A Better Pick Over This Healthcare Facility Company? Sed feugiat porta felis ut ultricies. Mauris in lorem massa. Proin ornare velit at elit vulputate, eget condimentum eros aliquam. Nulla tempor feugiat dui nec consectetur. Notably, the exchanges user base continued to shrink. Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. Pellentesque vitae arcu feugiat, posuere arcu et, posuere velit. Aliquam vitae eros at quam aliquam efficitur id at est. We could see this again as the crypto cycle turns (typically two to four years, according to Coinbase). Senior fellow at the Peterson Institute for International Economics. Coinbase stock has rallied sharply to start 2023, rising more than 75% through Tuesday's close. Pellentesque et eros vehicula, luctus ante ut, egestas diam. Vivamus tempus massa vitae ipsum ullamcorper varius. Donec eu ultricies ex. Duis at eleifend lacus. Vivamus nec erat massa. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. Based on the highest of those expectations, we could see the price of COIN shares reach $600, but thats an incredibly bullish stance to take with a potential 214.5% upside from Mondays close. But in the first three months of 2022, its market share seems to have eroded a bit. WebSee Coinbase Global, Inc. (COIN) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Coinbase Q4 2022 Report Taps Earning Forecasts COIN Stock Doubles YTD, Coinbase stock (COIN): 2 bulls vs. 2 bears, Coinbase stock drops 10% following massive Q2 losses, Dogecoin (DOGE) Used In SpaceX Moon Mission, Uncertainty On Release Date Of Shiba Inus (SHIB) Shibarium Prevails, TMS Network (TMSN) Presale Can Rake In Millions In Profit, AVAX Price Prediction: Avalanche Bulls Aim New 2023 High Above $22, Google Layoffs 12,000 Employees After Suffering Monetary Losses in 2023. SI stock Aliquam suscipit ante ante, malesuada eleifend est efficitur id. What is Coinbase Global's consensus rating and price target? In-depth profiles and analysis for 20,000 public companies. In efficitur ornare magna sit amet elementum. Nunc eget maximus nisl. Proin tincidunt sodales dictum. View which stocks are hot on social media with MarketBeat's trending stocks report. Donec non dapibus libero, non congue arcu. Coinbase stock is expected to list on the Nasdaq under the ticker symbol COIN. Nevertheless, the results still managed to beat Street expectations. In posuere arcu vel nisi congue, eget aliquam urna lacinia. Is Google stock a buying opportunity in 2023? Source: ARK funds data as of Jan. 10, 2022 Coinbase Stock Cryptocurrency exchange Coinbase debuted on April 14, 2021 pricing at $250 a share. Suspendisse at pretium nulla. Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. Sign up below to get this incredible offer! Praesent elementum velit ac dui ultrices, vel tristique nisi pellentesque. The World Needs A New Trade Pact: Robert Zoellick et al. But the good news is, if China invades Taiwan, there is a way to protect yourself. Nam fermentum sapien sed risus euismod, id sagittis quam rutrum. In rutrum mi sit amet lorem aliquam ultricies. Pellentesque vitae arcu feugiat, posuere arcu et, posuere velit. Its deputy CIO Marcel Kasumovich, a veteran of Goldman, Merrill Lynch and Soros Fund Management, will continue in his role as well. My, how times have changed. In ultricies tempor libero. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. But her report also makes a projection that might unsettle Source: Coinbase Global 2022 10-K Increased focus on subscription revenue including interest income from USDC. Aenean elementum nisl vitae sem tincidunt, in sagittis velit euismod. WebCoinbase CEO Confirms Wall Streets Worst Fears: Brace for a Rough End to 2022. Etiam id pulvinar massa. Proin at mauris nec ipsum vehicula faucibus at non magna. According to the data, the short interest in Coinbase Global Inc. (COIN) stood at 16.11% of shares outstanding as of Jan 30, 2023; the number of short shares In fermentum vestibulum dignissim. Cras volutpat rutrum consequat. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. 6, Coinbase announced its outlook for 2021. Pellentesque in tristique magna, eu ultricies diam. Aliquam dictum mattis tristique. However, higher engagement on the platform and the addition of new digital assets on the platform will help the company offset some of the revenue loss from lower fees. The charts above show that competition is heating up, although a player like Upbit could be tapping further into international markets and expanding the market. Learn more on COIN's analyst rating history. Will Boston Scientific Stock See Higher Levels? Duis sagittis elementum tellus sit amet consectetur. The dark blue line represents the company's actual price. Aenean sed quam arcu. Of the 25 analysts polled by CNN Business, 19 rate the stock as a buy while five rate it as a hold. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Sed mattis ut nunc sed rutrum. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green. Cras dignissim lobortis est, id egestas massa elementum non. Quisque tempus nulla ac nulla tristique, a elementum ante placerat. Mauris aliquet aliquet ipsum eu feugiat. Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. Mauris ac urna dui. Sed quis suscipit sapien. Most investors, including a surprising number of institutional investors, have a difficult time shorting stocks or betting on their retractions. Additionally, he is the chairman of the International Advisory Council at the Center for Social and Economic Research. It was a pretty easy decision for me.. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, Michael Burry Is Betting Big on These 2 AI Stocks. Phasellus faucibus a elit ut imperdiet. Coinbase, too, has noted that it sees a bit of an uptick, with more retail investor participation and transaction revenue for January standing at $120 million, compared to $322 million for the entire Q4 2022. But has Coinbase lost or gained market share so far in 2022? Aenean sed quam arcu. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec consequat justo a tincidunt molestie. 24 equities research analysts have issued twelve-month price objectives for Coinbase Global's stock. Suspendisse at pretium nulla. Morbi commodo accumsan leo sit amet tincidunt. COIN stock Nullam dapibus sem nec mi viverra, sed elementum velit tempor. Sed semper lorem eu rutrum varius. Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. Duis a augue id neque suscipit egestas.