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As of close of business last night, Coinbase Global Inc’s stock clocked out at $225.86, down -3.90% from its previous closing price of $235.03. In other words, the price has decreased by -$3.90 from its previous closing price. On the day, 11.35 million shares were traded. COIN stock price reached its highest trading level at $228.2521 during the session, while it also had its lowest trading level at $220.71.
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 7.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.61. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.52.
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, BofA Securities on May 17, 2024, Upgraded its rating to Neutral and sets its target price to $217 from $110 previously.
On April 10, 2024, BofA Securities reiterated its Underperform rating and also lowered its target price recommendation from $92 to $110.
Barclays reiterated its Underweight rating for the stock on April 08, 2024, while the target price for the stock was revised from $146 to $179.
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 Jun 17 ’24 when HAAS ALESIA J sold 4,350 shares for $239.10 per share. The transaction valued at 1,040,087 led to the insider holds 187,403 shares of the business.
Choi Emilie sold 1,500 shares of COIN for $369,240 on Jun 14 ’24. The President & COO now owns 207,471 shares after completing the transaction at $246.16 per share. On Jun 10 ’24, another insider, Armstrong Brian, who serves as the Chairman and CEO of the company, sold 23,075 shares for $248.08 each. As a result, the insider received 5,724,469 and left with 526 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 55464214528 and an Enterprise Value of 53259440128. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.11, and their Forward P/E ratio for the next fiscal year is 39.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.90 while its Price-to-Book (P/B) ratio in mrq is 6.87. Its current Enterprise Value per Revenue stands at 14.098 whereas that against EBITDA is 99.971.
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 $55.10. The 50-Day Moving Average of the stock is -1.25%, while the 200-Day Moving Average is calculated to be 38.97%.
Shares Statistics:
It appears that COIN traded 9.16M shares on average per day over the past three months and 8268490 shares per day over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 188.33M. Insiders hold about 23.31% of the company’s shares, while institutions hold 40.10% stake in the company. Shares short for COIN as of 1715731200 were 9839519 with a Short Ratio of 1.09, compared to 1713139200 on 11515391. Therefore, it implies a Short% of Shares Outstanding of 9839519 and a Short% of Float of 4.99.
