Coinbase Global Stock Price on May 2, 2024
| COIN Stock | USD 304.50 9.27 3.14% |
If you're considering investing in Coinbase Stock, it is important to understand the factors that can impact its price. As of today, the current price of Coinbase Global stands at 304.50, as last reported on the 22nd of November, with the highest price reaching 330.50 and the lowest price hitting 288.55 during the day. Coinbase Global appears to be very steady, given 3 months investment horizon. Coinbase Global secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Coinbase Global's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Coinbase Global's Mean Deviation of 4.54, downside deviation of 4.85, and Risk Adjusted Performance of 0.0947 to double-check if our risk estimates are consistent with your expectations.
At this time, Coinbase Global's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 22nd of November 2024, Other Stockholder Equity is likely to grow to about 4.7 B, while Total Stockholder Equity is likely to drop about 4.4 B. . At this time, Coinbase Global's Price Earnings Ratio is very stable compared to the past year. As of the 22nd of November 2024, Price To Operating Cash Flows Ratio is likely to grow to 46.65, while Price To Sales Ratio is likely to drop 12.53. Coinbase Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Coinbase |
Sharpe Ratio = 0.1175
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Estimated Market Risk
| 6.69 actual daily | 59 59% of assets are less volatile |
Expected Return
| 0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Coinbase Global is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Coinbase Global by adding it to a well-diversified portfolio.
Price Book 8.4681 | Enterprise Value Ebitda 36.8358 | Price Sales 14.7796 | Shares Float 201.8 M | Wall Street Target Price 248 |
Coinbase Global Valuation on May 2, 2024
It is possible to determine the worth of Coinbase Global on a given historical date. On May 2, 2024 Coinbase was worth 216.48 at the beginning of the trading date compared to the closed value of 228.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Coinbase Global stock. Still, in general, we apply an absolute valuation method to find Coinbase Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Coinbase Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Coinbase Global's related companies.
| Open | High | Low | Close | Volume | |
| 199.00 | 218.52 | 198.20 | 210.09 | 10,191,466 | |
05/02/2024 | 216.48 | 232.71 | 210.76 | 228.85 | 12,454,215 |
| 230.90 | 232.25 | 216.55 | 223.25 | 13,739,132 |
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Coinbase Global Trading Date Momentum on May 2, 2024
| On May 03 2024 Coinbase Global was traded for 223.25 at the closing time. The top price for the day was 232.25 and the lowest listed price was 216.55 . The trading volume for the day was 13.7 M. The trading history from May 3, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.45% . The overall trading delta against the current closing price is 10.86% . |
Coinbase Global Fundamentals Correlations and Trends
By evaluating Coinbase Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Coinbase Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Coinbase financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Coinbase Global Stock history
Coinbase Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Coinbase is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Coinbase Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Coinbase Global stock prices may prove useful in developing a viable investing in Coinbase Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 254.4 M | 240.3 M | |
| Net Loss | -2.4 B | -2.2 B |
Coinbase Global Quarterly Net Working Capital |
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Coinbase Global Stock Technical Analysis
Coinbase Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Coinbase Global Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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Coinbase Global November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Coinbase Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coinbase Global shares will generate the highest return on investment. By undertsting and applying Coinbase Global stock market strength indicators, traders can identify Coinbase Global entry and exit signals to maximize returns
Coinbase Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Coinbase Global's price direction in advance. Along with the technical and fundamental analysis of Coinbase Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Coinbase to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.1862 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1324 | |||
| Treynor Ratio | 0.1328 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coinbase Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Diversified Capital Markets space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coinbase Global. If investors know Coinbase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coinbase Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.27 | Earnings Share 5.9 | Revenue Per Share 20.46 | Quarterly Revenue Growth 0.812 | Return On Assets 0.0041 |
The market value of Coinbase Global is measured differently than its book value, which is the value of Coinbase that is recorded on the company's balance sheet. Investors also form their own opinion of Coinbase Global's value that differs from its market value or its book value, called intrinsic value, which is Coinbase Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coinbase Global's market value can be influenced by many factors that don't directly affect Coinbase Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coinbase Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coinbase Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coinbase Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.