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Coinbase Global (COIN)
NASDAQ:COIN
Coinbase Global (COIN) Stock Price & Analysis
8,811 Followers
COIN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$46.43 - $283.48
Previous Close$199.51
Volume4.39M
Average Volume (3M)12.51M
Market Cap
$49.48B
Enterprise Value$51.97B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$2.98B
Price to Earnings (P/E)39.8
Beta2.97
Next Earnings
Aug 06, 2024EPS Estimate
$1.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.01
Shares Outstanding245,568,941
10 Day Avg. Volume8,957,769
30 Day Avg. Volume12,509,455
Standard Deviation0.28
R-Squared0.39
Alpha0.00353
Financial Highlights & Ratios
Price to Book (P/B)9.60
Price to Sales (P/S)12.74
Price to Cash Flow (P/CF)-2378.50
P/FCF Ratio217.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.50
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda-417.56
Forecast
1Y Price Target
$240.00Price Target Upside19.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering24
Coinbase Global News
PremiumMarket News
SEC’s Latest Legal Bomb at Ripple
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCoinbase Global, Inc. showcased a robust financial standing by significantly surpassing the Street's revenue and EBITDA forecasts, demonstrating the company's ability to thrive in a competitive digital asset space.
Market PresenceWith an increase in market share and a strong presence indicated by storing approximately 12% of the global crypto market cap, Coinbase Global, Inc. is solidifying its status as a heavyweight in the crypto economy.
Product DevelopmentCoinbase's strategic expansion moves, including the successful launch of spot Bitcoin ETFs and growth in subscription services like Coinbase Prime and Coinbase One, signal a forward-thinking approach that could lead to continued growth.
Bears Say
Regulatory RisksThe company faces risks such as crypto asset price volatility, regulatory challenges, potential slower-than-expected TAM expansion, and margin compression from increased competition.
Revenue ConcernsApril's $300mn transaction revenue implies a 2Q run-rate that is -16% below 1Q levels.
Stock ValuationCOIN is valued at 18x 2025E EBITDA, a generous premium to peers but a meaningful discount to its current 26x multiple, indicating a reassessment of its value may be underway.
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Ownership Overview
10.27% Insiders
10.56% Mutual Funds
28.69% Other Institutional Investors
50.48% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Coinbase Global
Desktop Users
Mobile Users
COIN FAQ
What was Coinbase Global’s price range in the past 12 months?
Coinbase Global lowest stock price was $46.43 and its highest was $283.48 in the past 12 months.
What is Coinbase Global’s market cap?
Currently, no data Available
When is Coinbase Global’s upcoming earnings report date?
Coinbase Global’s upcoming earnings report date is Aug 06, 2024 which is in 84 days.
How were Coinbase Global’s earnings last quarter?
Coinbase Global released its earnings results on May 02, 2024. The company reported $4.4 earnings per share for the quarter, beating the consensus estimate of $1.152 by $3.248.
Is Coinbase Global overvalued?
According to Wall Street analysts Coinbase Global’s price is currently Undervalued.
Does Coinbase Global pay dividends?
Coinbase Global does not currently pay dividends.
What is Coinbase Global’s EPS estimate?
Coinbase Global’s EPS estimate is $1.05.
How many shares outstanding does Coinbase Global have?
Coinbase Global has 199,758,510 shares outstanding.
What happened to Coinbase Global’s price movement after its last earnings report?
Coinbase Global reported an EPS of $4.4 in its last earnings report, beating expectations of $1.152. Following the earnings report the stock price went up 8.93%.
Which hedge fund is a major shareholder of Coinbase Global?
Among the largest hedge funds holding Coinbase Global’s share is ARK Investment Management LLC. It holds Coinbase Global’s shares valued at 1B.
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Coinbase Global Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$240.00 (19.10% Upside)
$240.00 (19.10% Upside)
Blogger Sentiment
Bullish
COIN Sentiment 71%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 2.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 0.3%
Last 30 Days ▼ 0.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
247.94%
12-Months-Change
Fundamentals
Return on Equity
19.63%
Trailing 12-Months
Asset Growth
149.84%
Trailing 12-Months
Company Description
Coinbase Global
Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.
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COIN Earnings Call
Q1 2024
0:00 / 0:00
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COIN Revenue Breakdown
48.89% Transaction revenue
45.26% Subscription and services revenue
5.85% Other
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COIN Stock 12 Month Forecast
Average Price Target
$240.00
▲(19.10% Upside)
Technical Analysis
Best Analysts Covering COIN
1 Year
1 Year Success Rate
8/13 ratings generated profit
1 Year Average Return
+58.43%
reiterated a buy rating 13 days ago
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 61.54% of your transactions generating a profit, with an average return of +58.43% per trade.
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