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Coinbase Global (COIN)
NASDAQ:COIN
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COIN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$69.63 - $283.48
Previous Close$162.45
Volume5.03M
Average Volume (3M)7.63M
Market Cap
$40.37B
Enterprise Value$44.59B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$4.23B
Price to Earnings (P/E)29.2
Beta2.78
Next Earnings
Oct 31, 2024EPS Estimate
$0.51Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.56
Shares Outstanding248,477,717
10 Day Avg. Volume6,862,625
30 Day Avg. Volume7,628,098
Standard Deviation0.27
R-Squared0.37
Alpha-0.00806
Financial Highlights & Ratios
Price to Book (P/B)4.82
Price to Sales (P/S)8.51
Price to Cash Flow (P/CF)20.90
P/FCF Ratio20.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.43
Enterprise Value/Gross Profit10.00T>
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$256.77Price Target Upside57.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Coinbase Global News
Bulls Say, Bears Say
Bulls Say
Market ExpansionManagement has been looking at product and geographical expansion initiatives to broaden its total addressable market (TAM), including entering EU, Singapore and offering derivatives in the US.
Regulatory EnvironmentManagement’s optimism that the crypto industry in the U.S. could soon get the regulatory clarity it needs via comprehensive legislation.
Revenue DiversificationCoinbase generated record Subscription and Services revenue in 2Q of $599M, which accounted for 43% of total net revenues.
Bears Say
Market Share LossIn the second quarter, COIN lost about 50 basis points of market share compared to its largest exchange peers.
Profitability ConcernsCOIN's dependence on transaction revenue for profitability raises concerns about its financial stability.
Revenue DeclineJuly transaction revenue is pacing approximately 20% below second-quarter levels, which could weigh on the stock.
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Ownership Overview
10.06% Insiders
13.84% Mutual Funds
31.86% Other Institutional Investors
44.24% 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 $69.63 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 Oct 31, 2024 which is in 42 days.
How were Coinbase Global’s earnings last quarter?
Coinbase Global released its earnings results on Aug 01, 2024. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.949 by -$0.809.
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 $0.51.
How many shares outstanding does Coinbase Global have?
Coinbase Global has 202,952,730 shares outstanding.
What happened to Coinbase Global’s price movement after its last earnings report?
Coinbase Global reported an EPS of $0.14 in its last earnings report, missing expectations of $0.949. Following the earnings report the stock price went down -3.856%.
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 791M.
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Coinbase Global Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$256.77 (57.88% Upside)
$256.77 (57.88% Upside)
Blogger Sentiment
Bullish
COIN Sentiment 74%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 927.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
97.74%
12-Months-Change
Fundamentals
Return on Equity
20.99%
Trailing 12-Months
Asset Growth
108.47%
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
Q2 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
$256.77
▲(57.88% Upside)
Technical Analysis
Best Analysts Covering COIN
1 Year
1 Year Success Rate
7/14 ratings generated profit
1 Year Average Return
+53.68%
reiterated a buy rating 2 months ago
Copying Joseph Vafi's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +53.68% per trade.
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