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In the latest session, Coinbase Global Inc (NASDAQ: COIN) closed at $279.86 down -10.20% from its previous closing price of $311.64. In other words, the price has decreased by -$10.20 from its previous closing price. On the day, 12.41 million shares were traded. COIN stock price reached its highest trading level at $312.14 during the session, while it also had its lowest trading level at $275.81.
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 8.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.54. 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, Oppenheimer on November 25, 2024, Reiterated its Outperform rating but revised its target price to $358 from $265 previously.
On October 28, 2024, Monness Crespi & Hardt started tracking the stock assigning a Buy rating and target price of $245.
On October 23, 2024, B. Riley Securities started tracking the stock assigning a Neutral rating and target price of $185.B. Riley Securities initiated its Neutral rating on October 23, 2024, with a $185 target price.
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 Dec 16 ’24 when Armstrong Brian sold 25,000 shares for $314.10 per share. The transaction valued at 7,852,614 led to the insider holds 526 shares of the business.
Brian Armstrong bought 25,000 shares of COIN for $7,764,500 on Dec 13 ’24. On Dec 09 ’24, another insider, Ehrsam Frederick Ernest III, who serves as the Director of the company, sold 34,263 shares for $337.64 each. As a result, the insider received 11,568,627 and left with 0 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 70062948352 and an Enterprise Value of 66835574784. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.84, and their Forward P/E ratio for the next fiscal year is 65.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.85 while its Price-to-Book (P/B) ratio in mrq is 8.03. Its current Enterprise Value per Revenue stands at 13.365 whereas that against EBITDA is 44.743.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $349.75, while it has fallen to a 52-week low of $114.51. The 50-Day Moving Average of the stock is 6.80%, while the 200-Day Moving Average is calculated to be 22.46%.
Shares Statistics:
For the past three months, COIN has traded an average of 13.22M shares per day and 12454490 over the past ten days. A total of 204.85M shares are outstanding, with a floating share count of 193.00M. Insiders hold about 22.91% of the company’s shares, while institutions hold 42.80% stake in the company. Shares short for COIN as of 1732838400 were 9877904 with a Short Ratio of 0.75, compared to 1730332800 on 8824005. Therefore, it implies a Short% of Shares Outstanding of 9877904 and a Short% of Float of 4.8800003.
