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NASDAQ:COIN

Coinbase Global (COIN) Stock Price, News & Analysis

Coinbase Global logo
$179.25
-32.49 (-15.34%)
(As of 10/31/2024 ET)

About Coinbase Global Stock (NASDAQ:COIN)

Key Stats

Today's Range
$178.82
$206.00
50-Day Range
$147.35
$220.21
52-Week Range
$73.56
$283.48
Volume
18.83 million shs
Average Volume
10.43 million shs
Market Capitalization
$44.54 billion
P/E Ratio
32.18
Dividend Yield
N/A
Price Target
$242.94
Consensus Rating
Hold

Company Overview

Coinbase Global, Inc. is among the world’s largest and foremost cryptocurrency exchanges. The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

The company began with the idea that anyone, anywhere should be able to buy and sell Bitcoin and it has grown in tandem with the cryptosphere. Coinbase Global IPO’d in early 2021 and listed more than 100 million verified individual users less than a year later. Assets on the platform fluctuate based on the value of the cryptocurrency market but are counted in the $100’s of billions. The company employs roughly 5,000 people and serves clients in more than 100 countries. The company lists more than 200 assets for trading and over 350 for custody purposes.

The company is led by Bryan Armstrong. Armstrong is a co-founder, Chairman of the Board, CEO, and president of Coinbase and the driving force behind the business. One of his many innovations is making Coinbase Global, Inc a “remote-first” business which means there is no official corporate headquarters. The company operates offices in 12 cities around the world, however, and leases space when there is a concentration of employees in a new area.

Coinbase Global, Inc offers a range of tools for traders and investors. The company offers a primary financial account in the crypto-economy for businesses and consumers alike. The primary account, often referred to as a wallet, allows owners to buy, sell, trade, send, and receive cryptocurrencies supported by the platform. Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad. New users may also earn free cryptocurrencies by participating in the company’s education program. The program informs users of new cryptocurrencies and rewards them for their time.

Coinbase Global wallet holders can also benefit from the growing trend in defi. Defi or decentralized finance is a host of applications that allow investors to buy cryptocurrency and stake financial transactions such as insurance or lending. Staked cryptocurrency earns a return just like traditional investments.

Coinbase Global also operates a marketplace with a pool of liquidity for transacting in crypto assets for institutions. Tools for businesses include direct access to the cryptocurrency market and the ability to list crypto assets on the exchange. Assets can be listed and sold to raise capital for projects or as a means of transferring wealth. NFTs are a large part of the marketplace as well and a pillar of the long-term growth outlook.

Along with the wallet and marketplace technology, Coinbase Global offers technology and services that allow ecosystem partners to build crypto-based applications and securely accept cryptocurrencies as payment. These tools are supported by a suite of White-label solutions and API interfaces that can power cryptocurrency transactions and services for any business.

Coinbase Global Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

COIN MarketRank™: 

Coinbase Global scored higher than 88% of companies evaluated by MarketBeat, and ranked 51st out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Coinbase Global has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 10 buy ratings, 9 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Coinbase Global has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Coinbase Global's stock forecast and price target.
  • Earnings Growth

    Earnings for Coinbase Global are expected to decrease by -52.04% in the coming year, from $3.92 to $1.88 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Coinbase Global is 32.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Coinbase Global is 32.18, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 44.65.

  • Price to Book Value per Share Ratio

    Coinbase Global has a P/B Ratio of 6.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Coinbase Global's valuation and earnings.
  • Percentage of Shares Shorted

    5.14% of the float of Coinbase Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Coinbase Global has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Coinbase Global has recently decreased by 11.20%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Coinbase Global does not currently pay a dividend.

  • Dividend Growth

    Coinbase Global does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.14% of the float of Coinbase Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Coinbase Global has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Coinbase Global has recently decreased by 11.20%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Coinbase Global has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 68 news articles for Coinbase Global this week, compared to 34 articles on an average week.
  • Search Interest

    139 people have searched for COIN on MarketBeat in the last 30 days. This is an increase of 93% compared to the previous 30 days.
  • MarketBeat Follows

    43 people have added Coinbase Global to their MarketBeat watchlist in the last 30 days. This is an increase of 39% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Coinbase Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,258,094.00 in company stock.

  • Percentage Held by Insiders

    23.43% of the stock of Coinbase Global is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    68.84% of the stock of Coinbase Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Coinbase Global's insider trading history.
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COIN Stock News Headlines

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COIN Stock Analysis - Frequently Asked Questions

Coinbase Global's stock was trading at $173.92 on January 1st, 2024. Since then, COIN shares have increased by 3.1% and is now trading at $179.25.
View the best growth stocks for 2024 here
.

Coinbase Global, Inc. (NASDAQ:COIN) released its earnings results on Thursday, August, 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing the consensus estimate of $1.07 by $0.93. The company's quarterly revenue was up 104.8% compared to the same quarter last year.

Coinbase Global (COIN) raised $0 in an IPO on Wednesday, April 14th 2021. The company issued 114,900,000 shares at a price of $0.00 per share. Goldman Sachs, JPMorgan, Allen & Co. and Citigroup acted as the underwriters for the IPO.

Coinbase Global's top institutional shareholders include a16z Perennial Management L.P., Atomi Financial Group Inc. (0.13%), Cullinan Associates Inc. (0.12%) and Parcion Private Wealth LLC (0.11%). Insiders that own company stock include Tobias Lutke, Frederick R Wilson, Emilie Choi, Alesia J Haas, Kathryn Haun, Paul Grewal, Lawrence J Brock, Gokul Rajaram, Marc L Andreessen, Frederick Ernest Ehrsam III, Jennifer N Jones, Brian Armstrong and Surojit Chatterjee.
View institutional ownership trends
.

Shares of COIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Coinbase Global investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), PayPal (PYPL), CrowdStrike (CRWD) and Salesforce (CRM).

Company Calendar

Last Earnings
8/01/2024
Today
10/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
Other Diversified Financial Services
Current Symbol
NASDAQ:COIN
Fax
N/A
Employees
3,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$244.61
High Stock Price Target
$345.00
Low Stock Price Target
$145.00
Potential Upside/Downside
+14.7%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
20 Analysts

Profitability

Net Income
$94.87 million
Pretax Margin
32.76%

Debt

Sales & Book Value

Annual Sales
$4.72 billion
Cash Flow
$1.83 per share
Book Value
$25.95 per share

Miscellaneous

Free Float
190,260,000
Market Cap
$52.61 billion
Optionable
Optionable
Beta
3.35
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This page (NASDAQ:COIN) was last updated on 10/31/2024 by MarketBeat.com Staff
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