Coinbase Global Inc (NASDAQ: COIN)

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.

Coinbase Global Inc (NASDAQ: COIN) stock closed the day trading at $147.35 down -7.73% from the previous closing price of $159.70. In other words, the price has decreased by -$7.73 from its previous closing price. On the day, 10.82 million shares were traded.

COIN stock price reached its highest trading level at $164.1 during the session, while it also had its lowest trading level at $146.14.

Ratios

For a better understanding of COIN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.39. 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 Sep 03 ’24 when Armstrong Brian sold 23,075 shares for $173.93 per share. The transaction valued at 4,013,463 led to the insider now holds 526 shares of the business.

Choi Emilie , President & COO, sold 8,000 shares of COIN for $1,408,682 on Sep 03 ’24. The transaction occurred at $176.09 per share, leaving the insider now owns 189,101 shares of the company. On Aug 30 ’24, another insider, Choi Emilie, who serves as the President & COO of the company, sold 1,500 shares for $188.94 each. As a result, the insider received 283,410 and left with 197,101 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 36613234688 and an Enterprise Value of 33853149184. As of this moment, Coinbase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.51, and their Forward P/E ratio for the next fiscal year is 30.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.81 while its Price-to-Book (P/B) ratio in mrq is 4.37. Its current Enterprise Value per Revenue stands at 7.531 whereas that against EBITDA is 25.21.

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 -30.84%, while the 200-Day Moving Average is calculated to be -25.58%.

Shares Statistics

Over the past 3-months, COIN traded about 7.81M shares per day on average, while over the past 10 days, COIN traded about 7018010 shares per day. A total of 195.19M shares are outstanding, with a floating share count of 191.21M. Insiders hold about 23.05% of the company’s shares, while institutions hold 42.32% stake in the company. Shares short