Coinbase (COIN) Stock Price

Financial Performance

Coinbase's recent financial performance shows a downward trend. The company reported revenue of $1.1B in the last quarter, which is down by -18.2% from the previous quarter. Their gross profit was $956.8M, also showing a decrease of -19.5% from the previous quarter. The operating income profit was $169.5M, down significantly by -50.6% from the previous quarter and their EBITDA ratio was at 0.11.

Stock Price

The stock is currently trading at $270.65, showing a decrease of -12.9% in the last month which indicates bearish behavior in terms of price action recently despite being above its 200-day moving average of $229.46 suggesting some resilience in longer-term trends.The PE ratio is relatively high at 45.95 indicating that investors are willing to pay a higher price for each dollar of earnings and hence anticipate future growth.The RSI value stands at 37.8 which suggests that it is nearing oversold territory and could potentially see an upward correction soon.

Alternative Data Signals

Coinbase's website traffic has seen significant growth with an estimated increase of up to 85% month over month and up by around 26% year over year suggesting increased interest in their platform.Their mobile apps have seen tremendous download rates increasing massively both monthly and annually.However,the company has fewer job openings now compared to before indicating potential cost-cutting measures or slower expansion plans.Employee sentiment seems neutral with about half reporting positive business outlook.On social media,Coinbase enjoys robust following on Twitter, Instagram,and TikTok while followers on Facebook have slightly decreased.

Conclusion

Despite the recent decline in financial performance and stock price, there are positive signs of growth and potential for recovery based on alternative data signals such as increased web traffic and app downloads.The social media following is also robust which could potentially contribute to brand visibility and customer acquisition. However, the negative business outlook from employees and fewer job openings might indicate some internal challenges that need to be addressed.

Note: This AI Stock Analysis is based on data as of January 04. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Coinbase (COIN), currently trading at $175, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.