Coinbase Stock Today

COIN
 Stock
  

USD 74.06  9.41  11.27%   

Market Performance
4 of 100
Odds Of Distress
Less than 47
Coinbase Global is selling for 74.06 as of the 19th of August 2022. This is a -11.27 percent decrease since the beginning of the trading day. The stock's open price was 83.47. Coinbase Global has 47 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Coinbase Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of July 2022 and ending today, the 19th of August 2022. Click here to learn more.
Fiscal Year End
December
Business Domain
Diversified Financials
IPO Date
14th of April 2021
Category
Technology
Classification
Financials
ISIN
US19260Q1076
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware. Coinbase Global operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 141.79 M outstanding shares of which 33.06 M shares are currently shorted by private and institutional investors with about 2.49 trading days to cover. More on Coinbase Global

Moving together with Coinbase Global

0.86ABSTAbsolute Software Earnings Call  This WeekPairCorr
0.88ADSKAutodesk Earnings Call  This WeekPairCorr
0.82AMSWAAmer Software Earnings Call  This WeekPairCorr

Coinbase Global Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Coinbase Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Coinbase Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Coinbase Global is way too risky over 90 days horizon
Coinbase Global appears to be risky and price may revert if volatility continues
Latest headline from www.nasdaq.com: Why Shares of Coinbase, Marathon Digital Holdings, and HIVE Blockchain Technologies Are Falling Today - Nasdaq
New SymbolFNJN
SEC FilingsCoinbase Global Security & Exchange Commission EDGAR Reports
Thematic Ideas
(view all).
Fama & French Classification
Average Analyst Recommendation
Analysts covering Coinbase Global report their recommendations after researching Coinbase Global's financial statements, talking to executives and customers, or listening in on Coinbase Global's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Coinbase Global. The Coinbase consensus assessment is calculated by taking the average forecast from all of the analysts covering Coinbase Global.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Coinbase Global based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Coinbase Global financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares152.6 M177.3 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted187.7 M220 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations11.6 B10.7 B
Significantly Up
Increasing
Slightly volatile
Total Assets16.9 B21.3 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities11.8 B14.9 B
Significantly Down
Increasing
Slightly volatile
Current Assets14.6 B18.4 B
Significantly Down
Increasing
Slightly volatile
Current Liabilities9.3 B11.4 B
Significantly Down
Increasing
Slightly volatile
Total Debt4.2 B3.9 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.160.188
Fairly Down
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.480.477
Slightly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Coinbase Global's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
Coinbase Global's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Coinbase Global's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Coinbase Global's financial leverage. It provides some insight into what part of Coinbase Global's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Coinbase Global's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Coinbase Global deploys its capital and how much of that capital is borrowed.
Liquidity
Coinbase Global cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 4.12 B in liabilities with Debt to Equity (D/E) ratio of 0.63, which is about average as compared to similar companies. Coinbase Global has a current ratio of 1.52, which is within standard range for the sector. Debt can assist Coinbase Global until it has trouble settling it off, either with new capital or with free cash flow. So, Coinbase Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Coinbase Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Coinbase to invest in growth at high rates of return. When we think about Coinbase Global's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

11.58 Billion
Coinbase Global (COIN) is traded on NASDAQ Exchange in USA. It is located in 1209 Orange Street and employs 3,730 people. Coinbase Global is listed under Banking category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with current market capitalization of 24.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Coinbase Global's market, we take the total number of its shares issued and multiply it by Coinbase Global's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Coinbase Global conducts business under Technology sector and is part of Software—Application industry. The entity has 141.79 M outstanding shares of which 33.06 M shares are currently shorted by private and institutional investors with about 2.49 trading days to cover. Coinbase Global currently holds about 6.12 B in cash with 6.49 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 27.58.
Check Coinbase Global Probability Of Bankruptcy
Ownership
Coinbase Global holds a total of one hundred fourty-one million seven hundred ninety thousand outstanding shares. Over half of Coinbase Global outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Coinbase Global. Please watch out for any change in the institutional holdings of Coinbase Global as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Coinbase Ownership Details

Coinbase Stock Price Odds Analysis

What are Coinbase Global's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of Coinbase Global jumping above the current price in 90 days from now is about 28.19%. The Coinbase Global probability density function shows the probability of Coinbase Global stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.7833 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Coinbase Global will likely underperform. Additionally, the company has an alpha of 0.2428, implying that it can generate a 0.24 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 74.06HorizonTargetOdds Above 74.06
71.72%90 days
 74.06 
28.19%
Based on a normal probability distribution, the odds of Coinbase Global to move above the current price in 90 days from now is about 28.19 (This Coinbase Global probability density function shows the probability of Coinbase Stock to fall within a particular range of prices over 90 days) .

Coinbase Global Historical Income Statement

Coinbase Global Income Statement is one of the three primary financial statements used for reporting Coinbase's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Coinbase Global revenue and expense. Coinbase Global Income Statement primarily focuses on the company's revenues and expenses during a particular period.
View More Fundamentals

Coinbase Stock Against Markets

Picking the right benchmark for Coinbase Global stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Coinbase Global stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Coinbase Global is critical whether you are bullish or bearish towards Coinbase Global at a given time.

Similar Equity Warning - COIN

Coinbase Global was forked

The entity Coinbase Global with a symbol COIN was recently forked. You can potentially use Finjan Holdings with a symbol FNJN from now on.

Invested in Coinbase Global?

You need to understand the risk of investing before taking a position in Coinbase Global. The danger of trading Coinbase Global is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Coinbase Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Coinbase Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Coinbase Global is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Coinbase Global information on this page should be used as a complementary analysis to other Coinbase Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Coinbase Stock analysis

When running Coinbase Global price analysis, check to measure Coinbase Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coinbase Global is operating at the current time. Most of Coinbase Global's value examination focuses on studying past and present price action to predict the probability of Coinbase Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Coinbase Global's price. Additionally, you may evaluate how the addition of Coinbase Global to your portfolios can decrease your overall portfolio volatility.
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Is Coinbase Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coinbase Global. If investors know Coinbase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coinbase Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
3.27
Market Capitalization
21.9 B
Quarterly Revenue Growth YOY
-0.64
Return On Assets
0.0145
Return On Equity
-0.0531
The market value of Coinbase Global is measured differently than its book value, which is the value of Coinbase that is recorded on the company's balance sheet. Investors also form their own opinion of Coinbase Global's value that differs from its market value or its book value, called intrinsic value, which is Coinbase Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coinbase Global's market value can be influenced by many factors that don't directly affect Coinbase Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coinbase Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Coinbase Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coinbase Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.