From Nasdaq, Inc.:

Coinbase Global, Inc. (COIN) is one of Zacks.com’s most sought-after stocks. With -16.6% return over the last month, analysts wonder what’s next. The lowly Zacks Rank #3 indicates the stock may perform in line with the broader market in the near term.

With -16.6% return over the last month, Coinbase Global, Inc.’s stock raises questions about its future performance. The recent 3.3% change in the Zacks S&P 500 composite and -7.8% change in the Zacks Securities and Exchanges industry draw attention to the stock.

The change in earnings projection affects a company’s fair value. Zacks’ ranking tool, the Zacks Rank, has resulted in a Zacks Rank #3 (Hold) for Coinbase Global, Inc.

The consensus sales estimate for Coinbase Global, Inc. for this quarter is $731.94 million, showing a change of +16.3% from last year’s figure.

Coinbase Global, Inc. is trading at a premium to its peers. The stock is graded F indicating it is overvalued.



Read more: Investors Heavily Search Coinbase Global, Inc. (COIN): Here is What You Need to Know