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The price of Coinbase Global Inc (NASDAQ: COIN) closed at $257.63 in the last session, down -2.84% from day before closing price of $265.15. In other words, the price has decreased by -$2.84 from its previous closing price. On the day, 9.19 million shares were traded. COIN stock price reached its highest trading level at $272.55 during the session, while it also had its lowest trading level at $257.2903.
Ratios:
We take a closer look at COIN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.33. 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, Citigroup on Jul-24-24, Upgraded its rating to Buy and sets its target price to $345 from $260 previously.
On May 17, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $110 to $217.
BofA Securities reiterated its Underperform rating for the stock on April 10, 2024, while the target price for the stock was revised from $92 to $110.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 15 ’24 when HAAS ALESIA J sold 4,500 shares for $229.09 per share. The transaction valued at 1,030,909 led to the insider holds 182,903 shares of the business.
Choi Emilie sold 1,500 shares of COIN for $344,550 on Jul 15 ’24. The President & COO now owns 196,471 shares after completing the transaction at $229.70 per share. On Jul 11 ’24, another insider, Armstrong Brian, who serves as the Chairman and CEO of the company, sold 23,075 shares for $220.31 each. As a result, the insider received 5,083,736 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 65112633344 and an Enterprise Value of 61061165056. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.45, and their Forward P/E ratio for the next fiscal year is 45.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.57 while its Price-to-Book (P/B) ratio in mrq is 7.83. Its current Enterprise Value per Revenue stands at 16.163 whereas that against EBITDA is 114.615.
Stock Price History:
The Beta on a monthly basis for COIN is 3.42, which has changed by 1.582757 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. 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 11.72%, while the 200-Day Moving Average is calculated to be 44.30%.
Shares Statistics:
According to the various share statistics, COIN traded on average about 8.49M shares per day over the past 3-months and 9191290 shares per day over the past 10 days. A total of 195.19M shares are outstanding, with a floating share count of 188.35M. Insiders hold about 23.30% of the company’s shares, while institutions hold 39.83% stake in the company. Shares short for COIN as of 1719532800 were 9177347 with a Short Ratio of 1.08, compared to 1717113600 on 9953317. Therefore, it implies a Short% of Shares Outstanding of 9177347 and a Short% of Float of 4.66.