股票大幅下跌引發對 Coinbase Global 的擔憂

Coinbase Global（納斯達克股票代碼：COIN）股價週一下跌 2.5%，交易價格低至 257.60 美元，最終收在 258.37 美元。成交量明顯下降，午間交易量僅3,877,818股，較日均成交量14,835,499股大幅下降。該股前一天收盤價為 265.12 美元。

Coinbase Global: A Comprehensive Overview and Market Analysis

Coinbase Global：全面概述與市場分析

May 2023

2023年5月

Substantial Stock Price Decline Raises Concerns

股價大幅下跌引發擔憂

Coinbase Global, Inc. (NASDAQ: COIN), a leading cryptocurrency exchange, has witnessed a significant decline in its stock price, dropping by 2.5% on Monday. This downward trend has sparked concerns among investors and analysts alike. The company's shares traded as low as $257.60 during Monday's trading session, marking a substantial decrease from its previous closing price of $265.12. By mid-day, 3,877,818 shares had changed hands, representing a noteworthy 74% drop from the company's average session volume of 14,835,499 shares.

領先的加密貨幣交易所 Coinbase Global, Inc.（納斯達克股票代碼：COIN）股價週一大幅下跌，下跌 2.5%。這種下降趨勢引發了投資者和分析師的擔憂。該公司股價週一交易時段低至 257.60 美元，較先前收盤價 265.12 美元大幅下跌。截至中午，共有 3,877,818 股易手，較該公司平均成交量 14,835,499 股下降了 74%。

Analyst Ratings and Target Prices

分析師評級和目標價格

A number of prominent analysts have recently weighed in on Coinbase Global's stock performance. TheStreet upgraded its rating for the company from a "d" to a "c-" in a research note issued on February 16th. JMP Securities maintained its "market outperform" rating for Coinbase Global in a report published on March 22nd. JPMorgan Chase & Co. raised its price target on the company's shares from $95.00 to $150.00, while assigning it a "neutral" rating in a research note on March 15th. Piper Sandler also increased its target price for Coinbase Global from $125.00 to $165.00, accompanied by a "neutral" rating in a report on February 16th. Finally, Raymond James upgraded Coinbase Global from an "underperform" rating to a "market perform" rating in a report on March 12th.

一些知名分析師最近對 Coinbase Global 的股票表現進行了評估。 TheStreet 在 2 月 16 日發布的研究報告中將該公司的評級從“d”上調至“c-”。 JMP Securities 在 3 月 22 日發布的報告中維持對 Coinbase Global 的「跑贏大盤」評級。摩根大通將該公司股票的目標價從 95.00 美元上調至 150.00 美元，同時在 3 月 15 日的一份研究報告中給予該公司「中性」評級。 Piper Sandler 還將 Coinbase Global 的目標價從 125.00 美元上調至 165.00 美元，並在 2 月 16 日的一份報告中給予「中性」評級。最後，Raymond James 在 3 月 12 日的報告中將 Coinbase Global 從「表現不佳」評級上調至「市場表現」評級。

Consensus ratings compiled by MarketBeat indicate that Coinbase Global currently holds a consensus rating of "Hold," with an average target price of $141.30. This suggests that analysts are generally cautious about the company's near-term prospects.

MarketBeat 編制的共識評級顯示，Coinbase Global 目前的共識評級為“持有”，平均目標價為 141.30 美元。這顯示分析師普遍對該公司的近期前景持謹慎態度。

Company Profile and Financial Performance

公司簡介及財務業績

Coinbase Global operates as a technology and financial infrastructure provider for the crypto economy. The company's platform serves as a primary financial account for consumers and a marketplace for institutions to trade crypto assets.

Coinbase Global 是一家加密經濟技術和金融基礎設施提供商。該公司的平台充當消費者的主要金融帳戶和機構交易加密資產的市場。

In its most recent earnings report, released on February 15th, Coinbase Global reported earnings per share (EPS) of $1.04, surpassing analysts' consensus estimates by $1.13. The company's revenue for the quarter amounted to $953.80 million, exceeding market expectations of $826.10 million. Coinbase Global achieved a return on equity of 3.54% and a net margin of 3.05% during the quarter.

在 2 月 15 日發布的最新收益報告中，Coinbase Global 報告每股盈餘 (EPS) 為 1.04 美元，比分析師的普遍預期高出 1.13 美元。該公司當季營收為9.538億美元，超出市場預期的8.2610億美元。 Coinbase Global 本季的股本報酬率為 3.54%，淨利潤率為 3.05%。

Analysts anticipate that Coinbase Global will generate EPS of 1.68 for the current year. This projection reflects the company's continued efforts to expand its market share and generate revenue.

分析師預計 Coinbase Global 今年的每股盈餘將為 1.68。這項預測反映了該公司在擴大市場份額和創造收入方面的持續努力。

Insider Activity

內幕活動

In terms of insider activity, Director Frederick Ernest Ehrsam III sold 82,130 shares of Coinbase Global stock on February 7th, valued at approximately $9.83 million. Following this transaction, Ehrsam III now owns 4,662 shares in the company, with an estimated value of $558,181.26.

內幕活動方面，董事 Frederick Ernest Ehrsam III 於 2 月 7 日出售了 82,130 股 Coinbase Global 股票，價值約 983 萬美元。在此次交易後，Ehrsam III 現在擁有該公司 4,662 股股票，估計價值為 558,181.26 美元。

Additionally, insider Paul Grewal sold 10,000 shares of Coinbase Global stock on January 25th, with a total value of $1.21 million. Grewal now holds approximately 61,665 shares in the company, valued at $7.46 million.

此外，內部人士 Paul Grewal 於 1 月 25 日出售了 10,000 股 Coinbase Global 股票，總價值 121 萬美元。 Grewal 目前持有該公司約 61,665 股股票，價值 746 萬美元。

Institutional Holdings and Interest

機構持股及權益

Institutional investors have shown significant interest in Coinbase Global. Vanguard Group Inc. increased its holdings in the company's shares by 19.8% during the third quarter, acquiring an additional 2,110,196 shares. Norges Bank, a Norwegian sovereign wealth fund, purchased a new position in Coinbase Global during the fourth quarter, valued at $50.25 million. Price T Rowe Associates Inc. MD raised its holdings in the company by 741.5% during the fourth quarter, acquiring an additional 1,182,556 shares. Finally, a16z Perennial Management L.P. purchased a new position in Coinbase Global during the fourth quarter, with a value of $147.64 million.

機構投資者對 Coinbase Global 表現出了濃厚的興趣。 Vanguard Group Inc.第三季增持了該公司19.8%的股份，額外購買了2,110,196股。挪威主權財富基金挪威銀行在第四季度購買了 Coinbase Global 的新頭寸，價值 5,025 萬美元。 Price T Rowe Associates Inc. MD 在第四季度將其所持公司股份增加了 741.5%，額外購買了 1,182,556 股。最後，a16z Perennial Management L.P. 在第四季度購買了 Coinbase Global 的新部位，價值 1.4764 億美元。

Institutional investors collectively own approximately 68.84% of Coinbase Global's outstanding shares, indicating a high level of institutional interest in the company.

機構投資者總共持有 Coinbase Global 約 68.84% 的已發行股票，顯示機構投資者對該公司有很高的興趣。

Industry Trends and Competition

產業趨勢與競爭

Coinbase Global operates in a highly competitive and rapidly evolving industry. The cryptocurrency market is characterized by volatility, regulatory uncertainties, and the emergence of new players. The company faces competition from both established financial institutions and new entrants to the cryptocurrency space.

Coinbase Global 所處的產業競爭激烈且發展迅速。加密貨幣市場的特徵是波動性、監管不確定性和新參與者的出現。該公司面臨老牌金融機構和加密貨幣領域新進者的競爭。

To maintain its market share and drive growth, Coinbase Global is investing heavily in research and development, expanding its product offerings, and forging strategic partnerships. The company's ability to navigate the competitive landscape and adapt to industry trends will be critical to its long-term success.

為了維持市場佔有率並推動成長，Coinbase Global 正在大力投資研發、擴大產品範圍並建立策略合作夥伴關係。該公司駕馭競爭格局和適應行業趨勢的能力對其長期成功至關重要。

Investment Considerations

投資注意事項

Coinbase Global's recent stock price decline has raised concerns among investors. However, the company's strong financial performance and continued institutional interest suggest that it may be well-positioned to weather the current market volatility.

Coinbase Global近期股價下跌引發了投資人的擔憂。然而，該公司強勁的財務表現和持續的機構興趣表明，它可能處於有利地位以應對當前的市場波動。

Investors should carefully consider the company's long-term growth prospects, its competitive advantages, and its exposure to industry risks before making investment decisions. The cryptocurrency market remains highly speculative and subject to fluctuations, which should be taken into account.

投資者在做出投資決策之前應仔細考慮公司的長期成長前景、競爭優勢以及面臨的行業風險。加密貨幣市場仍然具有高度投機性並且容易波動，這一點應該考慮在內。

Disclaimer:

免責聲明：

This article provides information for educational purposes only and should not be construed as investment advice. Investors should always conduct their own due diligence before making investment decisions.

本文提供的資訊僅供教育目的，不應被視為投資建議。投資者在做出投資決定之前應始終進行自己的盡職調查。