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The price of Coinbase Global Inc (NASDAQ: COIN) closed at $225.86 in the last session, up 7.04% from day before closing price of $211.01. In other words, the price has increased by $7.04 from its previous closing price. On the day, 8.13 million shares were traded. COIN stock price reached its highest trading level at $227.1399 during the session, while it also had its lowest trading level at $215.033.
Ratios:
We take a closer look at COIN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 90.42. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.47.
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, BofA Securities on April 10, 2024, Reiterated its Underperform rating but revised its target price to $110 from $92 previously.
On April 08, 2024, Barclays reiterated its Underweight rating and also lowered its target price recommendation from $146 to $179.
Oppenheimer reiterated its Outperform rating for the stock on April 04, 2024, while the target price for the stock was revised from $200 to $276.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 18 ’24 when Rajaram Gokul sold 1,145 shares for $215.57 per share. The transaction valued at 246,828 led to the insider holds 3,688 shares of the business.
Ehrsam Frederick Ernest III sold 16,380 shares of COIN for $3,505,222 on Apr 17 ’24. The Director now owns 0 shares after completing the transaction at $213.99 per share. On Apr 15 ’24, another insider, Armstrong Brian, who serves as the Chairman and CEO of the company, sold 23,075 shares for $238.26 each. As a result, the insider received 5,497,933 and left with 526 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 54720233472 and an Enterprise Value of 49040793600. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 838.07, and their Forward P/E ratio for the next fiscal year is 54.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.60 while its Price-to-Book (P/B) ratio in mrq is 8.70. Its current Enterprise Value per Revenue stands at 16.757 whereas that against EBITDA is -657.957.
Stock Price History:
The Beta on a monthly basis for COIN is 3.43, which has changed by 2.854064 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, COIN has reached a high of $283.48, while it has fallen to a 52-week low of $46.43. The 50-Day Moving Average of the stock is 2.07%, while the 200-Day Moving Average is calculated to be 69.86%.
Shares Statistics:
According to the various share statistics, COIN traded on average about 13.19M shares per day over the past 3-months and 9971570 shares per day over the past 10 days. A total of 195.19M shares are outstanding, with a floating share count of 168.98M. Insiders hold about 30.25% of the company’s shares, while institutions hold 37.57% stake in the company. Shares short for COIN as of 1711584000 were 11630927 with a Short Ratio of 0.88, compared to 1709164800 on 12924100. Therefore, it implies a Short% of Shares Outstanding of 11630927 and a Short% of Float of 6.61.
Earnings Estimates
The market rating for Coinbase Global Inc (COIN) is a result of the insights provided by Coinbase Global, Inc. analysts actively involved in the assessment.The consensus estimate for the next quarter is $53.07, with high estimates of $11.29 and low estimates of $3.66.
