This Is Too Hot For Coinbase Global Inc (NASDAQ: COIN), Let’s Take A Closer Look

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Coinbase Announces Date of Fourth Quarter and Full Year 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Financial Data & Stock Exchanges industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $141.99 and fluctuated between $144.55 as its day high and $137.17 as its day low. The current market capitalization of Coinbase Global Inc is $33.97B. A total of 15.99 million shares were traded on the day, compared to an average of 1.19 shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, COIN has seen 2 BUY and 13 SELL insider trades, representing the acquisition of 123,267 and the disposition of 173,679 shares. Over the last 12 months, there were 66 BUYs and 96 SELLs from insiders. Insiders purchased 675,771 shares during that period but sold 642,337.

In the most recent transaction, Ehrsam Frederick Ernest III sold 15,706 shares of COIN for 131.02 per share on Feb 08. After the transaction, the Director now owns 0 company shares. In a previous transaction on Feb 07, Ehrsam Frederick Ernest III sold 82,130 shares at 119.73 per share. COIN shares that Director owns now total 0.

Among the insiders who sold shares, Choi Emilie disposed of 700 shares on Feb 02 at a per-share price of $130.29. This resulted in the PRESIDENT & COO holding 225,142 shares of COIN after the transaction. In another insider transaction, Armstrong Brian sold 23,075 shares at $129.07 per share on Feb 01. Company shares held by the CHAIRMAN AND CEO now total 0.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for COIN in the last 3 months, the mean price target is $128.18 with high estimates of $200.00 and low estimates of $60.00. In terms of 52-week highs and lows, COIN has a high of $187.39 and a low of $46.43.

As of this writing, COIN has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. COIN’s latest balance sheet shows that the firm has $7.22B in Cash & Short Term Investments as of fiscal 2021. There were $3.51B in debt and $11.42B in liabilities at the time. Its Book Value Per Share was $24.76, while its Total Shareholder’s Equity was $6.38B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COIN is Buy with a score of 3.13.

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