Coinbase Global Stock Slides Amid Citi Deal: Undervalued or Overpriced?

Coinbase Global's (COIN) stock has been in focus lately due to its new collaboration with Citi, which links its crypto payments rails to Citi's Virtual Account Wallet and Spring by Citi platforms.

The deal arrives after a mixed share price stretch for COIN, with the stock down 4.61% over the past week but still showing a 31.19% 90-day share price return.

A 1-year total shareholder return that is lower by 42.58%, and a 3-year total shareholder return that is higher by 154.67%, suggests momentum has recently cooled following a strong multi-year period.