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The price of Coinbase Global Inc (NASDAQ: COIN) closed at $265.71 in the last session, down -3.17% from day before closing price of $274.41. In other words, the price has decreased by -$3.17 from its previous closing price. On the day, 5.53 million shares were traded. COIN stock price reached its highest trading level at $274.25 during the session, while it also had its lowest trading level at $263.21.
Ratios:
We take a closer look at COIN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.75. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 23 ’24 when Ehrsam Frederick Ernest III sold 11,421 shares for $273.23 per share. The transaction valued at 3,120,554 led to the insider holds 0 shares of the business.
Ehrsam Frederick Ernest III sold 3,807 shares of COIN for $1,066,740 on Dec 24 ’24. The Director now owns 0 shares after completing the transaction at $280.20 per share. On Dec 24 ’24, another insider, Fred Ehrsam, who serves as the Director of the company, bought 3,807 shares for $279.62 each.
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 66520498176 and an Enterprise Value of 63293116416. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.42, and their Forward P/E ratio for the next fiscal year is 59.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.90 while its Price-to-Book (P/B) ratio in mrq is 7.62. Its current Enterprise Value per Revenue stands at 12.656 whereas that against EBITDA is 42.371.
Stock Price History:
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 -2.54%, while the 200-Day Moving Average is calculated to be 15.91%.
Shares Statistics:
According to the various share statistics, COIN traded on average about 13.42M shares per day over the past 3-months and 8068320 shares per day over the past 10 days. A total of 204.85M shares are outstanding, with a floating share count of 193.02M. Insiders hold about 22.91% of the company’s shares, while institutions hold 42.79% stake in the company. Shares short for COIN as of 1734048000 were 8209585 with a Short Ratio of 0.61, compared to 1731628800 on 9179969. Therefore, it implies a Short% of Shares Outstanding of 8209585 and a Short% of Float of 4.0599998.
