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After finishing at $223.68 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $220.56, down -1.39%. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 5.51 million shares were traded. COIN stock price reached its highest trading level at $226.448 during the session, while it also had its lowest trading level at $217.75.
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 7.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.66. In the meantime, Its Debt-to-Equity ratio is 0.56 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 the company, BofA Securities on May 17, 2024, Upgraded its rating to Neutral and sets its target price to $217 from $110 previously.
On April 10, 2024, BofA Securities reiterated its Underperform rating and also lowered its target price recommendation from $92 to $110.
Barclays reiterated its Underweight rating for the stock on April 08, 2024, while the target price for the stock was revised from $146 to $179.
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 Jul 01 ’24 when Armstrong Brian sold 23,075 shares for $231.02 per share. The transaction valued at 5,330,842 led to the insider holds 526 shares of the business.
Choi Emilie sold 8,000 shares of COIN for $1,857,952 on Jul 01 ’24. The PRESIDENT & COO now owns 197,971 shares after completing the transaction at $232.24 per share. On Jul 01 ’24, another insider, Jones Jennifer N., who serves as the Chief Accounting Officer of the company, sold 450 shares for $225.70 each. As a result, the insider received 101,565 and left with 1,686 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 54162698240 and an Enterprise Value of 52724101120. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.05, and their Forward P/E ratio for the next fiscal year is 38.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.62 while its Price-to-Book (P/B) ratio in mrq is 6.71. Its current Enterprise Value per Revenue stands at 13.956 whereas that against EBITDA is 98.966.
Stock Price History:
The Beta on a monthly basis for COIN is 3.40, which has changed by 1.4740326 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, COIN has reached a high of $283.48, while it has fallen to a 52-week low of $69.63. The 50-Day Moving Average of the stock is -2.91%, while the 200-Day Moving Average is calculated to be 30.02%.
Shares Statistics:
The stock has traded on average 8.73M shares per day over the past 3-months and 7312800 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 188.34M. Insiders hold about 23.30% of the company’s shares, while institutions hold 40.11% stake in the company. Shares short for COIN as of 1718323200 were 9280456 with a Short Ratio of 1.06, compared to 1715731200 on 9839519. Therefore, it implies a Short% of Shares Outstanding of 9280456 and a Short% of Float of 4.71.
