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The closing price of Coinbase Global Inc (NASDAQ: COIN) was $281.82 for the day, up 1.38% from the previous closing price of $277.99. In other words, the price has increased by $1.38 from its previous closing price. On the day, 4.48 million shares were traded. COIN stock price reached its highest trading level at $284.8 during the session, while it also had its lowest trading level at $276.0.
Ratios:
Our analysis of COIN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.78. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Monness Crespi & Hardt on December 19, 2024, Reiterated its Buy rating but revised its target price to $390 from $245 previously.
On November 25, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $265 to $358.
On October 28, 2024, Monness Crespi & Hardt started tracking the stock assigning a Buy rating and target price of $245.Monness Crespi & Hardt initiated its Buy rating on October 28, 2024, with a $245 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 24 ’25 when Ehrsam Frederick Ernest III sold 10,216 shares for $310.14 per share. The transaction valued at 3,168,380 led to the insider holds 0 shares of the business.
Fred Ehrsam bought 10,216 shares of COIN for $3,044,368 on Jan 24 ’25. On Jan 21 ’25, another insider, Ehrsam Frederick Ernest III, who serves as the Director of the company, sold 25,194 shares for $298.95 each. As a result, the insider received 7,531,746 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COIN now has a Market Capitalization of 70553640960 and an Enterprise Value of 67326263296. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.17, and their Forward P/E ratio for the next fiscal year is 55.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.94 while its Price-to-Book (P/B) ratio in mrq is 8.08. Its current Enterprise Value per Revenue stands at 13.463 whereas that against EBITDA is 45.071.
Stock Price History:
The Beta on a monthly basis for COIN is 3.61, which has changed by 1.1684086 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, COIN has reached a high of $349.75, while it has fallen to a 52-week low of $114.51. The 50-Day Moving Average of the stock is -3.23%, while the 200-Day Moving Average is calculated to be 21.81%.
Shares Statistics:
COIN traded an average of 12.96M shares per day over the past three months and 9299690 shares per day over the past ten days. A total of 204.85M shares are outstanding, with a floating share count of 193.03M. Insiders hold about 22.90% of the company’s shares, while institutions hold 42.70% stake in the company. Shares short for COIN as of 1736899200 were 8190137 with a Short Ratio of 0.63, compared to 1734048000 on 8209585. Therefore, it implies a Short% of Shares Outstanding of 8190137 and a Short% of Float of 4.05.
