Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in 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
After finishing at $213.72 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $210.72, down -1.40%. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 7.4 million shares were traded. COIN stock price reached its highest trading level at $215.94 during the session, while it also had its lowest trading level at $207.3.
Ratios:
Our goal is to gain a better understanding of COIN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.73. 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 the company, Barclays on September 06, 2024, Upgraded its rating to Equal Weight and sets its target price to $169 from $206 previously.
On July 23, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $260 to $345.
BofA Securities Upgraded its Underperform to Neutral on May 17, 2024, whereas the target price for the stock was revised from $110 to $217.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 52359282688 and an Enterprise Value of 49599180800. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.91, and their Forward P/E ratio for the next fiscal year is 47.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.73 while its Price-to-Book (P/B) ratio in mrq is 6.25. Its current Enterprise Value per Revenue stands at 11.034 whereas that against EBITDA is 36.936.
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 16.33%, while the 200-Day Moving Average is calculated to be 3.71%.
Shares Statistics:
The stock has traded on average 8.18M shares per day over the past 3-months and 11215830 shares per day over the last 10 days, according to various share statistics. 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 42.45% stake in the company. Shares short for COIN as of 1727654400 were 11073795 with a Short Ratio of 1.35, compared to 1724976000 on 8893456. Therefore, it implies a Short% of Shares Outstanding of 11073795 and a Short% of Float of 5.53.
