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Coinbase Global (COIN)
NASDAQ:COIN
Coinbase Global (COIN) Stock Price & Analysis
8,872 Followers
COIN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$46.43 - $283.48
Previous Close$199.17
Volume8.69M
Average Volume (3M)11.83M
Market Cap
$48.91B
Enterprise Value$51.89B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$2.98B
Price to Earnings (P/E)39.8
Beta2.85
Next Earnings
Aug 06, 2024EPS Estimate
$1.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.01
Shares Outstanding245,568,941
10 Day Avg. Volume8,242,487
30 Day Avg. Volume11,834,378
Standard Deviation0.28
R-Squared0.39
Alpha0.00353
Financial Highlights & Ratios
Price to Book (P/B)9.70
Price to Sales (P/S)12.63
Price to Cash Flow (P/CF)-2403.70
P/FCF Ratio220.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.47
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda-416.89
Forecast
1Y Price Target
$250.00Price Target Upside20.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
Coinbase Global News
PremiumMarket News
SEC’s Latest Legal Bomb at RippleBulls Say, Bears Say
Bulls Say
Financial PerformanceCoinbase reported a substantial beat on quarterly revenues and adjusted EBITDA, demonstrating the company's strong operating leverage and financial health.
Market Share GrowthCoinbase's market share increased as industry trading volumes grew, indicating a strong competitive position in the crypto market.
Product Expansion And User GrowthCoinbase Global, Inc. is expanding its total addressable market and reducing costs, which includes entering new markets and offering new products, while attracting close to 10 million monthly transacting users.
Bears Say
Market Share LossCoinbase is losing ground as retail market share declines, facing strong competition and a significant drop in consumer and retail crypto volumes.
Regulatory RisksThe company grapples with potential stringent US regulations and SEC's aggressive scrutiny, especially around assets like Ethereum, heightening investor uncertainty.
Revenue And Valuation ConcernsDespite a favorable short-term outlook, Coinbase faces long-term revenue pressure, with over-reliance on cyclical revenue streams and a possible overvaluation at current multiples.
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Ownership Overview
10.27% Insiders
10.56% Mutual Funds
35.92% Other Institutional Investors
43.26% 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 80 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 $1.04.
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:
$250.00 (20.42% Upside)
$250.00 (20.42% Upside)
Blogger Sentiment
Bullish
COIN Sentiment 73%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 2.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.2%
Last 30 Days >0.1%
Last 30 Days >0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
244.10%
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
$250.00
▲(20.42% Upside)
Technical Analysis
Best Analysts Covering COIN
1 Year
1 Year Success Rate
8/13 ratings generated profit
1 Year Average Return
+58.30%
reiterated a buy rating 16 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 +58.30% per trade.
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