Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
