Don't Buy Coinbase Global Without Checking Its Fundamentals!

Shares of Finance sector company Coinbase Global moved -0.4% today, and are now trading at a price of $127.82. The large-cap stock's daily volume was 13,877,454 compared to its average volume of 8,564,712. The S&P 500 index returned a None% performance.

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company is based in Wilmington and has 4,510 full time employees. Its market capitalization is $30,580,422,656.

The only analyst following Coinbase Global has set a target price of $0.39 per share, which is 32674.36 away from its current price. This analyst rates the stock as buy.

Over the last year, COIN's share price has increased by 180.0%, which represents a difference of None% when compared to the S&P 500. The stock's 52 week high is $131.42 per share whereas its 52 week low is $31.55. With average free cash flows of $553.05 Million that have been growing at an average rate of 21.1% over the last 5 years, Coinbase Global is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 182,701 nan 182,701 111.5
2022 -1,585,419 2,933 -1,588,352 -139.7
2021 4,038,172 36,800 4,001,372 1310.75
2020 293,548 9,913 283,635 348.55
2019 -80,594 33,521 -114,115
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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