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The price of Coinbase Global Inc (NASDAQ: COIN) closed at $223.25 in the last session, down -2.45% from day before closing price of $228.85. In other words, the price has decreased by -$2.45 from its previous closing price. On the day, 13.57 million shares were traded. COIN stock price reached its highest trading level at $232.25 during the session, while it also had its lowest trading level at $216.55.
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 7.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.14. 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 this company, BofA Securities on April 10, 2024, Reiterated its Underperform rating but revised its target price to $110 from $92 previously.
On April 08, 2024, Barclays reiterated its Underweight rating and also lowered its target price recommendation from $146 to $179.
Oppenheimer reiterated its Outperform rating for the stock on April 04, 2024, while the target price for the stock was revised from $200 to $276.
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 May 01 ’24 when Ehrsam Frederick Ernest III sold 16,380 shares for $208.21 per share. The transaction valued at 3,410,479 led to the insider holds 0 shares of the business.
Choi Emilie sold 8,000 shares of COIN for $1,666,798 on May 01 ’24. The President & COO now owns 205,851 shares after completing the transaction at $208.35 per share. On Apr 30 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $215.00 each. As a result, the insider received 322,500 and left with 213,851 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 54823276544 and an Enterprise Value of 52618506240. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.59, and their Forward P/E ratio for the next fiscal year is 50.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.76 while its Price-to-Book (P/B) ratio in mrq is 6.79. Its current Enterprise Value per Revenue stands at 13.928 whereas that against EBITDA is 98.768.
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 $46.43. The 50-Day Moving Average of the stock is -4.32%, while the 200-Day Moving Average is calculated to be 60.81%.
Shares Statistics:
According to the various share statistics, COIN traded on average about 12.94M shares per day over the past 3-months and 8409080 shares per day over the past 10 days. A total of 195.19M shares are outstanding, with a floating share count of 173.23M. Insiders hold about 29.90% of the company’s shares, while institutions hold 36.55% stake in the company. Shares short for COIN as of 1713139200 were 11515391 with a Short Ratio of 0.89, compared to 1710460800 on 11307470. Therefore, it implies a Short% of Shares Outstanding of 11515391 and a Short% of Float of 5.8500000000000005.
