Insights for COIN Investors – A Brief Overview

By Scott Lee • Friday, January 24 10:12 • Permanent Link

Coinbase Global logged a 2.7% change during today's morning session, and is now trading at a price of $304.01 per share. The S&P 500 index moved -0.0%. COIN's trading volume is 2,431,409 compared to the stock's average volume of 12,964,510.

Coinbase Global trades 3.66% away from its average analyst target price of $293.29 per share. The 24 analysts following the stock have set target prices ranging from $150.0 to $420.0, and on average have given Coinbase Global a rating of buy.

Anyone interested in buying COIN should be aware of the facts below:

Coinbase Global's current price is 2020.0% above its Graham number of $14.34, which implies that at its current valuation it does not offer a margin of safety
Coinbase Global has moved 136.4% over the last year, and the S&P 500 logged a change of 25.1%
Based on its trailing earnings per share of 5.89, Coinbase Global has a trailing 12 month Price to Earnings (P/E) ratio of 51.6 while the S&P 500 average is 29.3
COIN has a forward P/E ratio of 85.2 based on its forward 12 month price to earnings (EPS) of $3.57 per share
Its Price to Book (P/B) ratio is 8.72 compared to its sector average of 1.86
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally.
Based in New York, the company has 3,416 full time employees and a market cap of $76.11 Billion.

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.