Analyzing Coinbase Global's Fundamentals – A Quick Overview

With gains of 5.9%, Coinbase Global was one of the winners on Wall Street today. Its shares are now trading at $132.57 and have logged a 1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

  • Coinbase Global has moved 122.9% over the last year, and the S&P 500 logged a change of 21.7%

  • COIN has an average analyst rating of buy and is 33042.5% away from its mean target price of $0.4 per share

  • Its trailing earnings per share (EPS) is $-3.21

  • Coinbase Global has a trailing 12 month Price to Earnings (P/E) ratio of -41.3 while the S&P 500 average is 15.97

  • Its forward earnings per share (EPS) is $-0.22 and its forward P/E ratio is -602.6

  • The company has a Price to Book (P/B) ratio of 5.35 in contrast to the S&P 500's average ratio of 2.95

  • Coinbase Global is part of the Finance sector, which has an average P/E ratio of 12.38 and an average P/B of 1.58

  • The company has a free cash flow of $461.03 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter

  • Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

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.