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After finishing at $310.98 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $296.20, down -4.75%. In other words, the price has decreased by -$4.75 from its previous closing price. On the day, 9.55 million shares were traded. COIN stock price reached its highest trading level at $316.3 during the session, while it also had its lowest trading level at $295.81.
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 8.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.82. 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:
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 Nov 25 ’24 when Armstrong Brian sold 25,000 shares for $307.30 per share. The transaction valued at 7,682,580 led to the insider holds 526 shares of the business.
Ehrsam Frederick Ernest III sold 26,649 shares of COIN for $8,211,751 on Nov 25 ’24. The Director now owns 0 shares after completing the transaction at $308.14 per share. On Nov 26 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $298.31 each. As a result, the insider received 447,465 and left with 177,576 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 77854105600 and an Enterprise Value of 70926303232. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.63, and their Forward P/E ratio for the next fiscal year is 74.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.95 while its Price-to-Book (P/B) ratio in mrq is 8.49. Its current Enterprise Value per Revenue stands at 14.183 whereas that against EBITDA is 47.481.
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 $114.51. The 50-Day Moving Average of the stock is 31.45%, while the 200-Day Moving Average is calculated to be 34.30%.
Shares Statistics:
The stock has traded on average 12.28M shares per day over the past 3-months and 16813460 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 192.88M. Insiders hold about 22.97% of the company’s shares, while institutions hold 42.73% stake in the company. Shares short for COIN as of 1731628800 were 9179969 with a Short Ratio of 0.75, compared to 1728950400 on 9825367. Therefore, it implies a Short% of Shares Outstanding of 9179969 and a Short% of Float of 4.54.
Earnings Estimates
The firm’s stock currently is rated by 15.0 analysts. The consensus estimate for the next quarter is $1.12, with high estimates of $2.21 and low estimates of $0.34.
Analysts are recommending an EPS of between $6.09 and $4.57 for the fiscal current year, implying an average EPS of $5.32. EPS for the following year is $4.35, with 20.0 analysts recommending between $8.26 and $0.94.
Revenue Estimates
16 analysts predict $1.29B in revenue for the current quarter. It ranges from a high estimate of $1.69B to a low estimate of $1.15B. As of the current estimate, Coinbase Global Inc’s year-ago sales were $953.79MFor the next quarter, 16 analysts are estimating revenue of $1.42B. There is a high estimate of $2.12B for the next quarter, whereas the lowest estimate is $1.04B.
A total of 23 analysts have provided revenue estimates for COIN’s current fiscal year. The highest revenue estimate was $5.98B, while the lowest revenue estimate was $5.28B, resulting in an average revenue estimate of $5.56B. In the same quarter a year ago, actual revenue was $3.11BBased on 22 analysts’ estimates, the company’s revenue will be $5.83B in the next fiscal year. The high estimate is $8.27B and the low estimate is $3.74B.
