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As of close of business last night, Coinbase Global Inc’s stock clocked out at $310.52, down -9.63% from its previous closing price of $343.62. In other words, the price has decreased by -$9.63 from its previous closing price. On the day, 16.8 million shares were traded. COIN stock price reached its highest trading level at $340.16 during the session, while it also had its lowest trading level at $309.68.
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 9.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.08. 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, Oppenheimer on November 25, 2024, Reiterated its Outperform rating but revised its target price to $358 from $265 previously.
On October 28, 2024, Monness Crespi & Hardt started tracking the stock assigning a Buy rating and target price of $245.
On October 23, 2024, B. Riley Securities started tracking the stock assigning a Neutral rating and target price of $185.B. Riley Securities initiated its Neutral rating on October 23, 2024, with a $185 target price.
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 Dec 09 ’24 when Fred Ehrsam bought 34,263 shares for $310.52 per share.
Armstrong Brian sold 25,000 shares of COIN for $8,515,884 on Dec 05 ’24. The Chairman and CEO now owns 526 shares after completing the transaction at $340.64 per share. On Dec 05 ’24, another insider, Jones Jennifer N., who serves as the Chief Accounting Officer of the company, sold 7,045 shares for $349.00 each. As a result, the insider received 2,458,705 and left with 1,160 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 77738680320 and an Enterprise Value of 74511319040. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.08, and their Forward P/E ratio for the next fiscal year is 74.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.10 while its Price-to-Book (P/B) ratio in mrq is 8.90. Its current Enterprise Value per Revenue stands at 14.9 whereas that against EBITDA is 49.881.
Stock Price History:
Over the past 52 weeks, COIN has reached a high of $349.75, while it has fallen to a 52-week low of $114.51. The 50-Day Moving Average of the stock is 27.95%, while the 200-Day Moving Average is calculated to be 37.98%.
Shares Statistics:
It appears that COIN traded 12.78M shares on average per day over the past three months and 13641040 shares per day over the past ten days. A total of 204.85M shares are outstanding, with a floating share count of 192.89M. Insiders hold about 22.95% of the company’s shares, while institutions hold 42.78% stake in the company. Shares short for COIN as of 1731628800 were 9179969 with a Short Ratio of 0.72, compared to 1728950400 on 9825367. Therefore, it implies a Short% of Shares Outstanding of 9179969 and a Short% of Float of 4.54.
