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The price of Coinbase Global Inc (NASDAQ: COIN) closed at $205.04 in the last session, down -1.97% from day before closing price of $209.16. In other words, the price has decreased by -$1.97 from its previous closing price. On the day, 9.15 million shares were traded. COIN stock price reached its highest trading level at $213.67 during the session, while it also had its lowest trading level at $203.43.
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 6.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.98. 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 this company, B. Riley Securities on October 23, 2024, initiated with a Neutral rating and assigned the stock a target price of $185.
On September 06, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also lowered its target price recommendation from $206 to $169.
Citigroup Upgraded its Neutral to Buy on July 23, 2024, whereas the target price for the stock was revised from $260 to $345.
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 Oct 16 ’24 when Rajaram Gokul sold 400 shares for $204.44 per share. The transaction valued at 81,776 led to the insider holds 7,771 shares of the business.
HAAS ALESIA J sold 5,250 shares of COIN for $1,025,083 on Oct 15 ’24. The Chief Financial Officer now owns 169,786 shares after completing the transaction at $195.25 per share. On Oct 14 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $181.36 each. As a result, the insider received 272,040 and left with 176,601 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 49429606400 and an Enterprise Value of 48187830272. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.89, and their Forward P/E ratio for the next fiscal year is 46.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.47 while its Price-to-Book (P/B) ratio in mrq is 6.08. Its current Enterprise Value per Revenue stands at 10.72 whereas that against EBITDA is 35.885.
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 $70.42. The 50-Day Moving Average of the stock is 12.92%, while the 200-Day Moving Average is calculated to be 0.55%.
Shares Statistics:
According to the various share statistics, COIN traded on average about 8.16M shares per day over the past 3-months and 12153600 shares per day over the past 10 days. A total of 195.19M shares are outstanding, with a floating share count of 191.42M. Insiders hold about 22.96% of the company’s shares, while institutions hold 42.46% stake in the company. Shares short for COIN as of 1728950400 were 9825367 with a Short Ratio of 1.20, compared to 1726185600 on 8652538. Therefore, it implies a Short% of Shares Outstanding of 9825367 and a Short% of Float of 4.9000002.
