Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Coinbase Global Inc (NASDAQ: COIN) was $270.65 for the day, up 5.23% from the previous closing price of $257.21. In other words, the price has increased by $5.23 from its previous closing price. On the day, 5.96 million shares were traded. COIN stock price reached its highest trading level at $271.52 during the session, while it also had its lowest trading level at $258.65.
Ratios:
Our analysis of COIN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.15. 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 December 19, 2024, Reiterated its Buy rating but revised its target price to $390 from $245 previously.
On November 25, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $265 to $358.
On October 28, 2024, Monness Crespi & Hardt started tracking the stock assigning a Buy rating and target price of $245.Monness Crespi & Hardt initiated its Buy rating on October 28, 2024, with a $245 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 03 ’25 when Brian Armstrong bought 25,000 shares for $270.65 per share.
Ehrsam Frederick Ernest III sold 11,421 shares of COIN for $3,120,554 on Dec 23 ’24. The Director now owns 0 shares after completing the transaction at $273.23 per share. On Dec 24 ’24, another insider, Ehrsam Frederick Ernest III, who serves as the Director of the company, sold 3,807 shares for $280.20 each. As a result, the insider received 1,066,740 and left with 0 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 67757223936 and an Enterprise Value of 64529846272. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.26, and their Forward P/E ratio for the next fiscal year is 57.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.06 while its Price-to-Book (P/B) ratio in mrq is 7.76. Its current Enterprise Value per Revenue stands at 12.904 whereas that against EBITDA is 43.199.
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 -2.05%, while the 200-Day Moving Average is calculated to be 17.84%.
Shares Statistics:
COIN traded an average of 13.09M shares per day over the past three months and 6874190 shares per day over the past ten days. A total of 204.85M shares are outstanding, with a floating share count of 193.02M. Insiders hold about 22.90% of the company’s shares, while institutions hold 42.73% stake in the company. Shares short for COIN as of 1734048000 were 8209585 with a Short Ratio of 0.63, compared to 1731628800 on 9179969. Therefore, it implies a Short% of Shares Outstanding of 8209585 and a Short% of Float of 4.0599998.
