The closing price of Coinbase Global Inc (NASDAQ: COIN) was $265.12 for the day, up 3.28% from the previous closing price of $256.70. In other words, the price has increased by $+8.42 from its previous closing price. On the day, 11132268 shares were traded.
Ratios:
Our analysis of COIN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 106.14. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 26 ’24 when Ehrsam Frederick Ernest III sold 16,380 shares for $274.97 per share. The transaction valued at 4,504,057 led to the insider holds 0 shares of the business.
Andreessen Marc L sold 6,740 shares of COIN for $1,852,055 on Mar 26 ’24. The Director now owns 0 shares after completing the transaction at $274.79 per share. On Mar 25 ’24, another insider, Grewal Paul, who serves as the Chief Legal Officer of the company, sold 10,257 shares for $275.60 each. As a result, the insider received 2,826,785 and left with 66,122 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 64.23B and an Enterprise Value of 61.51B. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 983.75, and their Forward P/E ratio for the next fiscal year is 126.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.66 while its Price-to-Book (P/B) ratio in mrq is 10.22. Its current Enterprise Value per Revenue stands at 19.79 whereas that against EBITDA is 422.58.
Stock Price History:
The Beta on a monthly basis for COIN is 3.41, which has changed by 316.79% over the last 52 weeks, in comparison to a change of 27.39% 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 $46.43. The 50-Day Moving Average of the stock is 187.14, while the 200-Day Moving Average is calculated to be 119.82.
Shares Statistics:
COIN traded an average of 15.19M shares per day over the past three months and 12.63M shares per day over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 169.56M. Insiders hold about 30.05% of the company’s shares, while institutions hold 39.93% stake in the company. Shares short for COIN as of Mar 15, 2024 were 11.31M with a Short Ratio of 0.74, compared to 15.82M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.67% and a Short% of Float of 6.43%.
Earnings Estimates
The firm’s stock currently is rated by 0 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 -32.10% from the average estimate.
