Coinbase Global Inc (COIN) Beta and Market Comparison: S&P500 vs COIN

After finishing at $96.92 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $99.05, up 2.20%. In other words, the price has increased by $+2.13 from its previous closing price. On the day, 7340694 shares were traded. COIN stock price reached its highest trading level at $99.43 during the session, while it also had its lowest trading level at $94.90.

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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 4.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.61. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.52.

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, Canaccord Genuity on August 01, 2023, Reiterated its Buy rating but revised its target price to $140 from $70 previously.

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 Nov 15 when Haun Kathryn sold 3,447 shares for $99.00 per share. The transaction valued at 341,253 led to the insider holds 109,146 shares of the business.

Haun Kathryn sold 5,000 shares of COIN for $495,000 on Nov 09. The Director now owns 112,593 shares after completing the transaction at $99.00 per share. On Nov 09, another insider, Haun Kathryn, who serves as the Director of the company, sold 4,302 shares for $99.00 each. As a result, the insider received 425,898 and left with 53,198 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 23.70B and an Enterprise Value of 21.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.51 while its Price-to-Book (P/B) ratio in mrq is 4.00. Its current Enterprise Value per Revenue stands at 7.65 whereas that against EBITDA is -39.10.

Stock Price History:

Over the past 52 weeks, COIN has reached a high of $114.43, while it has fallen to a 52-week low of $31.55. The 50-Day Moving Average of the stock is 79.93, while the 200-Day Moving Average is calculated to be 72.28.

Shares Statistics:

The stock has traded on average 8.26M shares per day over the past 3-months and 10.01M shares per day over the last 10 days, according to various share statistics. A total of 182.80M shares are outstanding, with a floating share count of 179.40M. Insiders hold about 25.02% of the company’s shares, while institutions hold 40.41% stake in the company. Shares short for COIN as of Oct 30, 2023 were 24.38M with a Short Ratio of 24.38M, compared to 22.51M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.19% and a Short% of Float of 14.14%.

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 -$0.16. The consensus estimate for the next quarter is -$0.01, with high estimates of -$0.01 and low estimates of -$0.01.

Analysts are recommending an EPS of between $0 and -$0.03 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.02, with 2 analysts recommending between -$0.01 and -$0.03.

Revenue Estimates

1 analysts predict $170k in revenue for the current quarter. It ranges from a high estimate of $170k to a low estimate of $170k. As of the current estimate, Coinbase Global Inc’s year-ago sales were $333.29k, an estimated decrease of -49.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $140k, an increase of 1.90% over than the figure of -$49.00% in the same quarter last year. There is a high estimate of $140k for the next quarter, whereas the lowest estimate is $140k.

Based on 2 analysts’ estimates, the company’s revenue will be $1.47M in the next fiscal year. The high estimate is $2.39M and the low estimate is $550k. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.

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