After finishing at $254.17 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $256.14, up 0.78%. In other words, the price has increased by $+1.97 from its previous closing price. On the day, 14446492 shares were traded. COIN stock price reached its highest trading level at $260.79 during the session, while it also had its lowest trading level at $242.09.
Ratios:
Our goal is to gain a better understanding of COIN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 102.54. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.47.
On March 08, 2024, Goldman Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $282.
Keefe Bruyette Upgraded its Underperform to Mkt Perform on February 16, 2024, while the target price for the stock was maintained at $160.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when Haun Kathryn sold 1,759 shares for $270.00 per share. The transaction valued at 474,930 led to the insider holds 88,871 shares of the business.
Armstrong Brian sold 250,000 shares of COIN for $64,967,963 on Mar 08 ’24. The Chairman and CEO now owns 0 shares after completing the transaction at $259.87 per share. On Mar 08 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 100,000 shares for $249.49 each. As a result, the insider received 24,948,940 and left with 227,551 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 62.09B and an Enterprise Value of 59.37B. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 950.43, and their Forward P/E ratio for the next fiscal year is 214.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.96 while its Price-to-Book (P/B) ratio in mrq is 9.87. Its current Enterprise Value per Revenue stands at 19.10 whereas that against EBITDA is 407.85.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $271.65, while it has fallen to a 52-week low of $46.43. The 50-Day Moving Average of the stock is 162.23, while the 200-Day Moving Average is calculated to be 108.06.
Shares Statistics:
The stock has traded on average 15.03M shares per day over the past 3-months and 18.32M shares per day over the last 10 days, according to various share statistics. A total of 195.19M shares are outstanding, with a floating share count of 169.43M. Insiders hold about 30.07% of the company’s shares, while institutions hold 39.89% stake in the company. Shares short for COIN as of Feb 29, 2024 were 12.92M with a Short Ratio of 0.86, compared to 17.58M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.33% and a Short% of Float of 7.35%.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was $0. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.01 and $0.01 for the fiscal current year, implying an average EPS of $0.01. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for COIN’s current fiscal year. The highest revenue estimate was $670k, while the lowest revenue estimate was $670k, resulting in an average revenue estimate of $670k. In the same quarter a year ago, actual revenue was $997.85k, down -32.90% from the average estimate.
