In the latest session, Coinbase Global Inc (NASDAQ: COIN) closed at $240.90 down -3.49% from its previous closing price of $249.61. In other words, the price has decreased by -$8.71 from its previous closing price. On the day, 8405867 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 10.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 96.44. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.47.
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 this company, Oppenheimer on April 04, 2024, Reiterated its Outperform rating but revised its target price to $276 from $200 previously.
On April 03, 2024, Keefe Bruyette reiterated its Mkt Perform rating and also lowered its target price recommendation from $160 to $230.
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 Apr 02 ’24 when Ehrsam Frederick Ernest III sold 16,380 shares for $243.30 per share. The transaction valued at 3,985,236 led to the insider holds 0 shares of the business.
Choi Emilie sold 8,000 shares of COIN for $2,062,894 on Apr 01 ’24. The President & COO now owns 216,851 shares after completing the transaction at $257.86 per share. On Mar 28 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $260.00 each. As a result, the insider received 390,000 and left with 224,851 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 58.36B and an Enterprise Value of 55.64B. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 893.88, and their Forward P/E ratio for the next fiscal year is 104.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.78 while its Price-to-Book (P/B) ratio in mrq is 9.28. Its current Enterprise Value per Revenue stands at 17.90 whereas that against EBITDA is 382.26.
Stock Price History:
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 199.48, while the 200-Day Moving Average is calculated to be 124.66.
Shares Statistics:
For the past three months, COIN has traded an average of 14.35M shares per day and 9.84M over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 169.50M. Insiders hold about 30.01% of the company’s shares, while institutions hold 39.94% stake in the company. Shares short for COIN as of Mar 15, 2024 were 11.31M with a Short Ratio of 0.79, 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
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 $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 $1.01M, down -32.40% from the average estimate.
