The price of Coinbase Global Inc (NASDAQ: COIN) closed at $200.80 in the last session, up 0.79% from day before closing price of $199.22. In other words, the price has increased by $+1.58 from its previous closing price. On the day, 25045202 shares were traded. COIN stock price reached its highest trading level at $212.20 during the session, while it also had its lowest trading level at $197.66.
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 8.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 80.39. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.47.
On February 15, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $80.
JP Morgan Downgraded its Neutral to Underweight on January 23, 2024, while the target price for the stock was maintained at $80.
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 Feb 27 when Jones Jennifer N. sold 26,365 shares for $205.00 per share. The transaction valued at 5,404,825 led to the insider holds 2,871 shares of the business.
Grewal Paul sold 42,113 shares of COIN for $8,015,975 on Feb 26. The CHIEF LEGAL OFFICER now owns 66,122 shares after completing the transaction at $190.34 per share. On Feb 26, another insider, Ehrsam Frederick Ernest III, who serves as the Director of the company, sold 8,735 shares for $186.00 each. As a result, the insider received 1,624,737 and left with 0 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 48.65B and an Enterprise Value of 45.93B. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 745.08, and their Forward P/E ratio for the next fiscal year is 217.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.65 while its Price-to-Book (P/B) ratio in mrq is 7.74. Its current Enterprise Value per Revenue stands at 14.78 whereas that against EBITDA is 315.52.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $209.94, while it has fallen to a 52-week low of $46.43. The 50-Day Moving Average of the stock is 149.45, while the 200-Day Moving Average is calculated to be 99.50.
Shares Statistics:
According to the various share statistics, COIN traded on average about 14.41M shares per day over the past 3-months and 17.21M shares per day over the past 10 days. A total of 195.19M shares are outstanding, with a floating share count of 168.82M. Insiders hold about 30.32% of the company’s shares, while institutions hold 39.79% stake in the company. Shares short for COIN as of Feb 15, 2024 were 15.82M with a Short Ratio of 1.10, compared to 16.02M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.53% and a Short% of Float of 8.99%.
Earnings Estimates
The company has 0 analysts who recommend its stock at the moment. 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 $680k, while the lowest revenue estimate was $680k, resulting in an average revenue estimate of $680k. In the same quarter a year ago, actual revenue was $999.1k, down -31.90% from the average estimate.
