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As of close of business last night, Coinbase Global Inc’s stock clocked out at $319.13, down -1.58% from its previous closing price of $324.24. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 24.49 million shares were traded. COIN stock price reached its highest trading level at $327.0 during the session, while it also had its lowest trading level at $306.1.
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 9.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.38. 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:
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 Nov 11 ’24 when WILSON FREDERICK R sold 40,000 shares for $300.00 per share. The transaction valued at 12,000,000 led to the insider holds 50,000 shares of the business.
WILSON FREDERICK R sold 10,000 shares of COIN for $2,548,949 on Nov 07 ’24. The Director now owns 90,000 shares after completing the transaction at $254.89 per share. On Nov 11 ’24, another insider, HAAS ALESIA J, who serves as the Officer of the company, bought 20,000 shares for $300.00 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 79894200320 and an Enterprise Value of 76651814912. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.55, and their Forward P/E ratio for the next fiscal year is 81.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.52 while its Price-to-Book (P/B) ratio in mrq is 9.15. Its current Enterprise Value per Revenue stands at 15.328 whereas that against EBITDA is 51.314.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $334.86, while it has fallen to a 52-week low of $88.62. The 50-Day Moving Average of the stock is 67.31%, while the 200-Day Moving Average is calculated to be 51.76%.
Shares Statistics:
It appears that COIN traded 9.78M shares on average per day over the past three months and 18767360 shares per day over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 193.29M. Insiders hold about 22.79% of the company’s shares, while institutions hold 42.63% stake in the company. Shares short for COIN as of 1728950400 were 9825367 with a Short Ratio of 0.90, compared to 1726185600 on 8652538. Therefore, it implies a Short% of Shares Outstanding of 9825367 and a Short% of Float of 4.8600003.
