Are Things Looking Up For Coinbase Global Inc (NASDAQ: COIN)?

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. Yahoo Finance discussed the stock recently as it posted Coinbase to Participate in the Morgan Stanley Technology, Media and Telecom Conference.

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Stocks Info

The company is listed on the NASDAQ and operates within the Financial Data & Stock Exchanges industry segment. At the end of the last regular session, the stock closed at $216.77 and fluctuated between $239.98 as its day high and $215.40 as its day low. The current market capitalization of Coinbase Global Inc is $52.52B. A total of 23.65 million shares were traded on the day, compared to an average of 14.54M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 83 SELLs from insiders. Insiders purchased 543,682 shares during that period but sold 565,955.

In the most recent transaction, Ehrsam Frederick Ernest III sold 16,380 shares of COIN for 201.87 per share on Feb 29. After the transaction, the Director now owns 0 company shares. In a previous transaction on Feb 28, Ehrsam Frederick Ernest III sold 59,601 shares at 205.87 per share. COIN shares that Director owns now total 0.

Among the insiders who sold shares, Haun Kathryn disposed of 1,758 shares on Feb 28 at a per-share price of $209.41. This resulted in the Director holding 95,630 shares of COIN after the transaction. In another insider transaction, Choi Emilie sold 1,500 shares at $209.41 per share on Feb 28. Company shares held by the President & COO now total 235,551.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, COIN has a high of $236.46 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.

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