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After finishing at $188.28 in the prior trading day, Coinbase Global Inc (NASDAQ: COIN) closed at $183.36, down -2.61%. In other words, the price has decreased by -$2.61 from its previous closing price. On the day, 7.28 million shares were traded. COIN stock price reached its highest trading level at $189.93 during the session, while it also had its lowest trading level at $180.04.
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 5.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.13. 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, Citigroup on July 23, 2024, Upgraded its rating to Buy and sets its target price to $345 from $260 previously.
On May 17, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $110 to $217.
BofA Securities reiterated its Underperform rating for the stock on April 10, 2024, while the target price for the stock was revised from $92 to $110.
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 Aug 26 ’24 when Grewal Paul sold 16,962 shares for $206.96 per share. The transaction valued at 3,510,510 led to the insider holds 75,556 shares of the business.
Brock Lawrence J sold 15,610 shares of COIN for $3,243,394 on Aug 23 ’24. The Chief People Officer now owns 18,525 shares after completing the transaction at $207.78 per share. On Aug 22 ’24, another insider, Jones Jennifer N., who serves as the Chief Accounting Officer of the company, sold 2,918 shares for $201.09 each. As a result, the insider received 586,771 and left with 1,686 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 45560926208 and an Enterprise Value of 42800832512. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.99, and their Forward P/E ratio for the next fiscal year is 38.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.47 while its Price-to-Book (P/B) ratio in mrq is 5.44. Its current Enterprise Value per Revenue stands at 9.521 whereas that against EBITDA is 31.874.
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 $69.63. The 50-Day Moving Average of the stock is -15.68%, while the 200-Day Moving Average is calculated to be -6.70%.
Shares Statistics:
The stock has traded on average 7.94M shares per day over the past 3-months and 6730800 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 191.20M. Insiders hold about 23.06% of the company’s shares, while institutions hold 42.32% stake in the company. Shares short for COIN as of 1723680000 were 9120869 with a Short Ratio of 1.15, compared to 1721001600 on 9732922. Therefore, it implies a Short% of Shares Outstanding of 9120869 and a Short% of Float of 4.5500003.
