(COIN) Coinbase Global - Ratings and Ratios

Coinbase Global, Inc. is a leading cryptocurrency exchange platform that provides a comprehensive suite of services for consumers, institutions, and developers. As a primary financial account in the crypto economy, it enables consumers to buy, sell, and store various cryptocurrencies. The companys brokerage platform offers institutions a deep pool of liquidity across the crypto marketplace, while its on-chain development tools empower developers to build innovative applications. Founded in 2012 and headquartered in New York, Coinbase has established itself as a major player in the rapidly evolving digital asset landscape. Visit their website at https://www.coinbase.com for more information.

As a publicly traded company listed on NASDAQ under the ticker symbol COIN, Coinbase Global Inc. is classified under the Diversified Capital Markets sub-industry. The companys common stock is traded on a major US exchange, providing liquidity and transparency for investors. With its roots in the US, Coinbase has expanded its reach internationally, catering to a global clientele.

From a technical analysis perspective, COINs stock price is currently navigating a complex resistance and support landscape. The stock is facing resistance levels at $298.5, $276.9, $267.3, and $247.5, while support levels are established at $210.2, $178.8, and $167.0. Given the current price of $246.72, the stock is testing the $247.5 resistance level. With the 20-day SMA at $240.97, the 50-day SMA at $207.16, and the 200-day SMA at $228.53, the stock is exhibiting a bullish trend. The ATR of 12.60 (5.11%) indicates moderate volatility.

Combining technical and fundamental data, we can forecast COINs potential price movement. With a market capitalization of $63.38 billion and a forward P/E ratio of 42.92, the company is trading at a premium. However, the RoE of 15.52% suggests a relatively strong profitability profile. Considering the current technical setup, if COIN breaks through the $247.5 resistance level, it may target the next resistance level at $267.3, potentially driven by increased adoption and growth in the crypto economy. Conversely, a decline below the $240.97 SMA20 could signal a correction towards the $210.2 support level. As the crypto market continues to evolve, Coinbases position as a leading exchange platform is likely to be a key driver of its stock performance.