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As of close of business last night, Coinbase Global Inc’s stock clocked out at $304.64, up 3.19% from its previous closing price of $295.23. In other words, the price has increased by $3.19 from its previous closing price. On the day, 12.13 million shares were traded. COIN stock price reached its highest trading level at $311.37 during the session, while it also had its lowest trading level at $290.8.
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 9.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.79. 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 20 ’24 when Jones Jennifer N. sold 869 shares for $332.69 per share. The transaction valued at 289,108 led to the insider holds 2,997 shares of the business.
Brock Lawrence J sold 24,198 shares of COIN for $8,028,058 on Nov 20 ’24. The Chief People Officer now owns 36,877 shares after completing the transaction at $331.77 per share. On Nov 20 ’24, another insider, HAAS ALESIA J, who serves as the Chief Financial Officer of the company, sold 184 shares for $337.32 each. As a result, the insider received 62,067 and left with 150,170 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 76266627072 and an Enterprise Value of 73039257600. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.07, and their Forward P/E ratio for the next fiscal year is 79.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.31 while its Price-to-Book (P/B) ratio in mrq is 8.74. Its current Enterprise Value per Revenue stands at 14.605 whereas that against EBITDA is 48.896.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $341.75, while it has fallen to a 52-week low of $103.36. The 50-Day Moving Average of the stock is 42.23%, while the 200-Day Moving Average is calculated to be 40.10%.
Shares Statistics:
It appears that COIN traded 11.65M shares on average per day over the past three months and 23003000 shares per day over the past ten days. A total of 195.19M shares are outstanding, with a floating share count of 192.90M. Insiders hold about 22.95% of the company’s shares, while institutions hold 42.74% stake in the company. Shares short for COIN as of 1730332800 were 8824005 with a Short Ratio of 0.76, compared to 1727654400 on 11073795. Therefore, it implies a Short% of Shares Outstanding of 8824005 and a Short% of Float of 4.36.
