The price of Coinbase Global Inc (NASDAQ: COIN) closed at $223.41 in the last session, down -9.09% from day before closing price of $245.75. On the day, 11155088 shares were traded.
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 9.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 89.44. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.47.
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, BofA Securities on April 10, 2024, Reiterated its Underperform rating but revised its target price to $110 from $92 previously.
On April 08, 2024, Barclays reiterated its Underweight rating and also lowered its target price recommendation from $146 to $179.
Oppenheimer reiterated its Outperform rating for the stock on April 04, 2024, while the target price for the stock was revised from $200 to $276.
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 Apr 08 ’24 when Ehrsam Frederick Ernest III sold 16,380 shares for $256.19 per share. The transaction valued at 4,196,390 led to the insider holds 0 shares of the business.
Armstrong Brian sold 23,075 shares of COIN for $5,914,180 on Apr 04 ’24. The Chairman and CEO now owns 526 shares after completing the transaction at $256.30 per share. On Apr 02 ’24, another insider, Ehrsam Frederick Ernest III, who serves as the Director of the company, sold 16,380 shares for $243.30 each. As a result, the insider received 3,985,236 and left with 0 shares of the company.
Valuation Measures:
As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 828.98, and their Forward P/E ratio for the next fiscal year is 60.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.41 while its Price-to-Book (P/B) ratio in mrq is 8.61.
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 $46.43.
Shares Statistics:
A total of 195.19M shares are outstanding, with a floating share count of 169.50M. Insiders hold about 30.04% of the company’s shares, while institutions hold 40.19% stake in the company.
Earnings Estimates
The company has Coinbase Global, Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $52.51, with high estimates of $10.84 and low estimates of $3.97.
EPS for the following year is $ETF, with Stocks analysts recommending between $Stocks and $Stocks.
