Is Coinbase Global Inc (NASDAQ: COIN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Coinbase obtains registration as a Restricted Dealer in Canada.

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Stocks Info

COIN belongs to the Financial sector of the NASDAQ while operating in the Financial Data & Stock Exchanges industry. The current market capitalization of Coinbase Global Inc is $60.48B. A total of 8.04 million shares were traded on the day, compared to an average of 14.46M shares.

In the most recent transaction, Ehrsam Frederick Ernest III sold 16,380 shares of COIN for 243.30 per share on Apr 02 ’24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Apr 01 ’24, Choi Emilie sold 8,000 shares at 257.86 per share. COIN shares that President & COO owns now total 216,851.

Among the insiders who sold shares, Choi Emilie disposed of 1,500 shares on Mar 28 ’24 at a per-share price of $260.00. This resulted in the President & COO holding 224,851 shares of COIN after the transaction. In another insider transaction, Ehrsam Frederick Ernest III sold 16,380 shares at $274.97 per share on Mar 26 ’24. Company shares held by the Director now total 0.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, COIN has a high of $283.48 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 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. 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 3.57.

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