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After finishing at $163.10 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $170.91, up 4.79%. In other words, the price has increased by $4.79 from its previous closing price. On the day, 6.84 million shares were traded. COIN stock price reached its highest trading level at $171.2431 during the session, while it also had its lowest trading level at $164.0.
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 5.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.49. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.51.
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 the company, Barclays on September 06, 2024, Upgraded its rating to Equal Weight and sets its target price to $169 from $206 previously.
On July 23, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $260 to $345.
BofA Securities Upgraded its Underperform to Neutral on May 17, 2024, whereas the target price for the stock was revised from $110 to $217.
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 Oct 01 ’24 when Choi Emilie sold 8,000 shares for $165.99 per share. The transaction valued at 1,327,918 led to the insider holds 178,101 shares of the business.
Choi Emilie sold 1,500 shares of COIN for $269,536 on Sep 30 ’24. The President & COO now owns 186,101 shares after completing the transaction at $179.69 per share. On Sep 25 ’24, another insider, Grewal Paul, who serves as the Chief Legal Officer of the company, sold 10,000 shares for $170.10 each. As a result, the insider received 1,700,951 and left with 74,956 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 42467377152 and an Enterprise Value of 39707283456. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.75, and their Forward P/E ratio for the next fiscal year is 35.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.89 while its Price-to-Book (P/B) ratio in mrq is 5.07. Its current Enterprise Value per Revenue stands at 8.833 whereas that against EBITDA is 29.57.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $283.48, while it has fallen to a 52-week low of $70.41. The 50-Day Moving Average of the stock is -8.19%, while the 200-Day Moving Average is calculated to be -15.23%.
Shares Statistics:
The stock has traded on average 7.79M shares per day over the past 3-months and 8529980 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 191.41M. Insiders hold about 22.97% of the company’s shares, while institutions hold 42.39% stake in the company. Shares short for COIN as of 1726185600 were 8652538 with a Short Ratio of 1.11, compared to 1723680000 on 9120869. Therefore, it implies a Short% of Shares Outstanding of 8652538 and a Short% of Float of 4.32.
