In the latest session, Coinbase Global Inc (NASDAQ: COIN) closed at $239.62 down -1.13% from its previous closing price of $242.36. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 9704988 shares were traded.
Ratios:
For a deeper understanding of Coinbase Global Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 95.93. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.47.
On March 08, 2024, Goldman Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $282.
Keefe Bruyette Upgraded its Underperform to Mkt Perform on February 16, 2024, while the target price for the stock was maintained at $160.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 ’24 when Choi Emilie sold 1,500 shares for $245.00 per share. The transaction valued at 367,500 led to the insider holds 226,051 shares of the business.
Armstrong Brian sold 23,075 shares of COIN for $6,103,662 on Mar 11 ’24. The Chairman and CEO now owns 0 shares after completing the transaction at $264.51 per share. On Mar 11 ’24, another insider, Haun Kathryn, who serves as the Director of the company, sold 1,759 shares for $270.00 each. As a result, the insider received 474,930 and left with 88,871 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 58.73B and an Enterprise Value of 56.01B. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 889.13, and their Forward P/E ratio for the next fiscal year is 114.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.68 while its Price-to-Book (P/B) ratio in mrq is 9.23. Its current Enterprise Value per Revenue stands at 18.02 whereas that against EBITDA is 384.80.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $271.65, while it has fallen to a 52-week low of $46.43. The 50-Day Moving Average of the stock is 168.81, while the 200-Day Moving Average is calculated to be 111.71.
Shares Statistics:
For the past three months, COIN has traded an average of 15.41M shares per day and 17.22M over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 169.46M. Insiders hold about 30.06% of the company’s shares, while institutions hold 39.90% stake in the company. Shares short for COIN as of Feb 29, 2024 were 12.92M with a Short Ratio of 0.84, compared to 17.58M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.33% and a Short% of Float of 7.35%.
Earnings Estimates
There are 0 different market analysts currently analyzing its stock. 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 $670k, while the lowest revenue estimate was $670k, resulting in an average revenue estimate of $670k. In the same quarter a year ago, actual revenue was $998.56k, down -32.90% from the average estimate.
