After finishing at $216.77 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $238.55, up 10.05%. In other words, the price has increased by $+21.78 from its previous closing price. On the day, 17821606 shares were traded. COIN stock price reached its highest trading level at $239.90 during the session, while it also had its lowest trading level at $223.03.
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 10.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 95.50. 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:
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 Mar 04 ’24 when Brock Lawrence J sold 104,753 shares for $225.29 per share. The transaction valued at 23,600,276 led to the insider holds 13,556 shares of the business.
Armstrong Brian sold 23,075 shares of COIN for $5,173,230 on Mar 04 ’24. The Chairman and CEO now owns 0 shares after completing the transaction at $224.19 per share. On Feb 29 ’24, another insider, Ehrsam Frederick Ernest III, who serves as the Director of the company, sold 16,380 shares for $201.87 each. As a result, the insider received 3,306,696 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 52.52B and an Enterprise Value of 49.80B. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 885.16, and their Forward P/E ratio for the next fiscal year is 258.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.59 while its Price-to-Book (P/B) ratio in mrq is 9.19. Its current Enterprise Value per Revenue stands at 16.02 whereas that against EBITDA is 342.10.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $239.98, while it has fallen to a 52-week low of $46.43. The 50-Day Moving Average of the stock is 155.02, while the 200-Day Moving Average is calculated to be 103.30.
Shares Statistics:
The stock has traded on average 14.63M shares per day over the past 3-months and 17.02M 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 168.88M. Insiders hold about 30.29% of the company’s shares, while institutions hold 39.85% stake in the company. Shares short for COIN as of Feb 15, 2024 were 15.82M with a Short Ratio of 1.08, 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
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. 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 $1M, down -32.30% from the average estimate.
