After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Coinbase Releases Fourth Quarter and Full Year 2023 Shareholder Letter.
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Stocks Info
Coinbase Global Inc is listed on the NASDAQ as a member of the Financial sector and is a part of the Financial Data & Stock Exchanges industry. At the end of the last regular session, the stock closed at $162.41 and fluctuated between $168.09 as its day high and $161.20 as its day low. The current market capitalization of Coinbase Global Inc is $39.37B. A total of 10.52 million shares were traded on the day, compared to an average of 14.21M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, COIN has seen 1 BUY and 7 SELL insider trades, representing the acquisition of 104,767 and the disposition of 150,587 shares. Over the last 12 months, there were 47 BUYs and 91 SELLs from insiders. Insiders purchased 543,682 shares during that period but sold 592,692.
In the most recent transaction, Ehrsam Frederick Ernest III sold 61,145 shares of COIN for 185.87 per share on Feb 16. After the transaction, the Director now owns 0 company shares. In a previous transaction on Feb 15, Rajaram Gokul sold 1,145 shares at 168.89 per share. COIN shares that Director owns now total 5,978.
Among the insiders who sold shares, Choi Emilie disposed of 1,500 shares on Feb 14 at a per-share price of $151.44. This resulted in the PRESIDENT & COO holding 223,642 shares of COIN after the transaction. In another insider transaction, Armstrong Brian sold 23,075 shares at $147.03 per share on Feb 12. Company shares held by the CHAIRMAN AND CEO now total 0.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for COIN in the last 3 months, the mean price target is $164.10 with high estimates of $250.00 and low estimates of $60.00. In terms of 52-week highs and lows, COIN has a high of $193.64 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $25.95, while its Total Shareholder’s Equity was $6.38B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.38.
