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In the latest session, Coinbase Global Inc (NASDAQ: COIN) closed at $182.88 up 2.03% from its previous closing price of $179.25. In other words, the price has increased by $2.03 from its previous closing price. On the day, 14.4 million shares were traded. COIN stock price reached its highest trading level at $190.94 during the session, while it also had its lowest trading level at $179.54.
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 5.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.03. 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:
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 Nov 01 ’24 when EMILIE MONICA CHOI bought 11,000 shares for $179.25 per share.
Grewal Paul sold 10,000 shares of COIN for $2,099,768 on Oct 25 ’24. The Chief Legal Officer now owns 74,956 shares after completing the transaction at $209.98 per share. On Oct 16 ’24, another insider, Rajaram Gokul, who serves as the Director of the company, sold 400 shares for $204.44 each. As a result, the insider received 81,776 and left with 7,771 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 45784010752 and an Enterprise Value of 42556588032. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.26, and their Forward P/E ratio for the next fiscal year is 43.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.90 while its Price-to-Book (P/B) ratio in mrq is 5.24. Its current Enterprise Value per Revenue stands at 8.51 whereas that against EBITDA is 28.489.
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 $75.87. The 50-Day Moving Average of the stock is 0.74%, while the 200-Day Moving Average is calculated to be -11.07%.
Shares Statistics:
For the past three months, COIN has traded an average of 8.52M shares per day and 11453900 over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 193.28M. Insiders hold about 22.93% of the company’s shares, while institutions hold 42.12% stake in the company. Shares short for COIN as of 1728950400 were 9825367 with a Short Ratio of 1.15, compared to 1726185600 on 8652538. Therefore, it implies a Short% of Shares Outstanding of 9825367 and a Short% of Float of 4.8600003.
