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Coinbase Global Inc (NASDAQ: COIN) closed the day trading at $167.08 down -2.68% from the previous closing price of $171.68. In other words, the price has decreased by -$2.68 from its previous closing price. On the day, 5.29 million shares were traded. COIN stock price reached its highest trading level at $173.935 during the session, while it also had its lowest trading level at $166.88.
Ratios:
For a better understanding of COIN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.99. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when Rajaram Gokul sold 400 shares for $161.34 per share. The transaction valued at 64,536 led to the insider holds 8,171 shares of the business.
HAAS ALESIA J sold 6,500 shares of COIN for $1,029,068 on Sep 16 ’24. The Chief Financial Officer now owns 175,036 shares after completing the transaction at $158.32 per share. On Sep 18 ’24, another insider, Rajaram Gokul, who serves as the Director of the company, bought 1,200 shares for $160.00 each.
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 41515704320 and an Enterprise Value of 38755614720. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.06, and their Forward P/E ratio for the next fiscal year is 34.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.72 while its Price-to-Book (P/B) ratio in mrq is 4.96. Its current Enterprise Value per Revenue stands at 8.621 whereas that against EBITDA is 28.861.
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 $69.63. The 50-Day Moving Average of the stock is -15.26%, while the 200-Day Moving Average is calculated to be -16.72%.
Shares Statistics:
Over the past 3-months, COIN traded about 7.46M shares per day on average, while over the past 10 days, COIN traded about 6135110 shares per day. A total of 195.19M shares are outstanding, with a floating share count of 191.41M. Insiders hold about 22.97% of the company’s shares, while institutions hold 42.33% stake in the company. Shares short for COIN as of 1724976000 were 8893456 with a Short Ratio of 1.16, compared to 1722384000 on 9169860. Therefore, it implies a Short% of Shares Outstanding of 8893456 and a Short% of Float of 4.44.
