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As of close of business last night, Coinbase Global Inc’s stock clocked out at $324.57, down -0.26% from its previous closing price of $325.41. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 13.36 million shares were traded. COIN stock price reached its highest trading level at $327.2199 during the session, while it also had its lowest trading level at $315.5.
Ratios:
To gain a deeper understanding of COIN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.05. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.48.
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, Monness Crespi & Hardt on October 28, 2024, initiated with a Buy rating and assigned the stock a target price of $245.
On October 23, 2024, B. Riley Securities started tracking the stock assigning a Neutral rating and target price of $185.
Barclays Upgraded its Underweight to Equal Weight on September 06, 2024, whereas the target price for the stock was revised from $206 to $169.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 15 ’24 when HAAS ALESIA J sold 3,575 shares for $282.65 per share. The transaction valued at 1,010,474 led to the insider holds 146,211 shares of the business.
Brian Armstrong bought 1,025,000 shares of COIN for $333,545,250 on Nov 18 ’24. On Nov 14 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $290.79 each. As a result, the insider received 436,185 and left with 165,686 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 81256103936 and an Enterprise Value of 78028742656. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.48, and their Forward P/E ratio for the next fiscal year is 84.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.75 while its Price-to-Book (P/B) ratio in mrq is 9.31. Its current Enterprise Value per Revenue stands at 15.603 whereas that against EBITDA is 52.236.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $334.86, while it has fallen to a 52-week low of $100.01. The 50-Day Moving Average of the stock is 57.98%, while the 200-Day Moving Average is calculated to be 51.17%.
Shares Statistics:
It appears that COIN traded 11.10M shares on average per day over the past three months and 23585790 shares per day over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 192.90M. Insiders hold about 22.95% of the company’s shares, while institutions hold 42.74% stake in the company. Shares short for COIN as of 1730332800 were 8824005 with a Short Ratio of 0.79, compared to 1727654400 on 11073795. Therefore, it implies a Short% of Shares Outstanding of 8824005 and a Short% of Float of 4.36.
