Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Coinbase Global Inc (NASDAQ: COIN) was $196.34 for the day, down -0.01% from the previous closing price of $196.35. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 17.27 million shares were traded. COIN stock price reached its highest trading level at $204.88 during the session, while it also had its lowest trading level at $188.31.
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 5.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.84. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.51.
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, Barclays on September 06, 2024, Upgraded its rating to Equal Weight and sets its target price to $169 from $206 previously.
On July 23, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $260 to $345.
BofA Securities Upgraded its Underperform to Neutral on May 17, 2024, whereas the target price for the stock was revised from $110 to $217.
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 Oct 15 ’24 when HAAS ALESIA J bought 5,250 shares for $195.25 per share.
Choi Emilie sold 8,000 shares of COIN for $1,327,918 on Oct 01 ’24. The President & COO now owns 178,101 shares after completing the transaction at $165.99 per share. On Sep 30 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $179.69 each. As a result, the insider received 269,536 and left with 186,101 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 48786169856 and an Enterprise Value of 46026072064. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.32, and their Forward P/E ratio for the next fiscal year is 41.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.07 while its Price-to-Book (P/B) ratio in mrq is 5.82. Its current Enterprise Value per Revenue stands at 10.239 whereas that against EBITDA is 34.275.
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 $70.42. The 50-Day Moving Average of the stock is 9.67%, while the 200-Day Moving Average is calculated to be -2.73%.
Shares Statistics:
COIN traded an average of 8.00M shares per day over the past three months and 8882650 shares per day over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 191.41M. Insiders hold about 22.96% of the company’s shares, while institutions hold 42.45% stake in the company. Shares short for COIN as of 1727654400 were 11073795 with a Short Ratio of 1.38, compared to 1724976000 on 8893456. Therefore, it implies a Short% of Shares Outstanding of 11073795 and a Short% of Float of 5.53.
