Is Coinbase Global Inc (NASDAQ: COIN) Still On The Rise?

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.

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Stocks Info

This NASDAQ-listed company operates within the Financial Data & Stock Exchanges industry segment, falling under the Financial sector. The current market capitalization of Coinbase Global Inc is $61.35B. A total of 6.25 million shares were traded on the day, compared to an average of 10.34M shares.

In the most recent transaction, WILSON FREDERICK R sold 80,539 shares of COIN for 250.09 per share on Jun 05 ’24. After the transaction, the Director now owns 100,000 company shares. In a previous transaction on Jun 05 ’24, Brock Lawrence J sold 4,634 shares at 250.00 per share. COIN shares that Chief People Officer owns now total 16,140.

Among the insiders who sold shares, Jones Jennifer N. disposed of 526 shares on Jun 05 ’24 at a per-share price of $249.00. This resulted in the Chief Accounting Officer holding 1,686 shares of COIN after the transaction. In another insider transaction, Armstrong Brian sold 23,075 shares at $230.88 per share on Jun 03 ’24. Company shares held by the Chairman and CEO now total 526.

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. In terms of 52-week highs and lows, COIN has a high of $283.48 and a low of $50.10.

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 $32.89, 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 3.52.

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