Is Coinbase Global Stock a Good Investment?
Coinbase Global Investment Advice | COIN |
- Examine Coinbase Global's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Coinbase Global's leadership team and their track record. Good management can help Coinbase Global navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Capital Markets space and any emerging trends that could impact Coinbase Global's business and its evolving consumer preferences.
- Compare Coinbase Global's performance and market position to its competitors. Analyze how Coinbase Global is positioned in terms of product offerings, innovation, and market share.
- Check if Coinbase Global pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Coinbase Global's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Coinbase Global stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Coinbase Global is a good investment.
Sell | Buy |
Strong Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Coinbase Global Stock
Researching Coinbase Global's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 56.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.99. Coinbase Global recorded earning per share (EPS) of 5.9. The entity had not issued any dividends in recent years. The firm had 1:10 split on the November 8, 2011.
To determine if Coinbase Global is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Coinbase Global's research are outlined below:
| Coinbase Global is way too risky over 90 days horizon | |
| Coinbase Global appears to be risky and price may revert if volatility continues | |
| About 56.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from insidermonkey.com: Jim Cramer Says Coinbase Global, Inc. Is A Winner |
Coinbase Global Quarterly Long Term Debt |
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Coinbase Global uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Coinbase Global. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Coinbase Global's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Coinbase Global's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Coinbase Global's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-10-30 | 2024-09-30 | 0.41 | 0.28 | -0.13 | 31 | ||
2023-08-03 | 2023-06-30 | -0.77 | -0.5 | 0.27 | 35 | ||
2023-11-02 | 2023-09-30 | -0.53 | -0.01 | 0.52 | 98 | ||
2024-08-01 | 2024-06-30 | 0.93 | 0.14 | -0.79 | 84 | ||
2024-05-02 | 2024-03-31 | 1.14 | 2.15 | 1.01 | 88 | ||
2023-05-04 | 2023-03-31 | -1.35 | -0.34 | 1.01 | 74 | ||
2024-02-15 | 2023-12-31 | -0.01 | 1.04 | 1.05 | 10500 | ||
2021-08-10 | 2021-06-30 | 2.33 | 3.45 | 1.12 | 48 |
Know Coinbase Global's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Coinbase Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Coinbase Global backward and forwards among themselves. Coinbase Global's institutional investor refers to the entity that pools money to purchase Coinbase Global's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Norges Bank | 2024-06-30 | 2.1 M | A16z Perennial Management Lp | 2024-06-30 | 1.9 M | Cowen And Company, Llc | 2024-06-30 | 1.5 M | Legal & General Group Plc | 2024-06-30 | 1.2 M | Sozo Ventures Gp Ii, L.p. | 2024-09-30 | 1.1 M | Northern Trust Corp | 2024-09-30 | 1.1 M | Deutsche Bank Ag | 2024-06-30 | 992.2 K | Charles Schwab Investment Management Inc | 2024-09-30 | 919.1 K | Jpmorgan Chase & Co | 2024-06-30 | 917.4 K | Vanguard Group Inc | 2024-09-30 | 18.3 M | Blackrock Inc | 2024-06-30 | 11 M |
Coinbase Global's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 73.91 B.Market Cap |
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Coinbase Global's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | (0.02) | (0.02) | |
| Return On Equity | 0.02 | 0.01 |
Determining Coinbase Global's profitability involves analyzing its financial statements and using various financial metrics to determine if Coinbase Global is a good buy. For example, gross profit margin measures Coinbase Global's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Coinbase Global's profitability and make more informed investment decisions.
Coinbase Global's Earnings Breakdown by Geography
Evaluate Coinbase Global's management efficiency
As of the 22nd of November 2024, Return On Tangible Assets is likely to drop to 0.0004. In addition to that, Return On Capital Employed is likely to grow to -0.02. At this time, Coinbase Global's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Non Currrent Assets Other is likely to grow to about 493.3 M, while Net Tangible Assets are likely to drop about 3.2 B. Coinbase Global's management efficiency ratios could be used to measure how well Coinbase Global manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 26.64 | 14.51 | |
| Tangible Book Value Per Share | 21.44 | 11.28 | |
| Enterprise Value Over EBITDA | (522.28) | (548.39) | |
| Price Book Value Ratio | 6.53 | 6.20 | |
| Enterprise Value Multiple | (522.28) | (548.39) | |
| Price Fair Value | 6.53 | 6.20 | |
| Enterprise Value | 74.1 B | 71.2 B |
The operational strategies employed by Coinbase Global management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Beta 3.343 |
Basic technical analysis of Coinbase Stock
As of the 22nd of November, Coinbase Global shows the Mean Deviation of 4.54, downside deviation of 4.85, and Risk Adjusted Performance of 0.0947. Coinbase Global technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Coinbase Global's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Coinbase Global insiders, such as employees or executives, is commonly permitted as long as it does not rely on Coinbase Global's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Coinbase Global insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Emilie Choi over six months ago Disposition of 200 shares by Emilie Choi of Coinbase Global at 198.95 subject to Rule 16b-3 | ||
Ehrsam Frederick Ernest Iii over six months ago Disposition of 800 shares by Ehrsam Frederick Ernest Iii of Coinbase Global at 219.8137 subject to Rule 16b-3 | ||
Rajaram Gokul over a year ago Sale by Rajaram Gokul of 1145 shares of Coinbase Global | ||
Rajaram Gokul over a year ago Sale by Rajaram Gokul of 1145 shares of Coinbase Global | ||
Rajaram Gokul over a year ago Sale by Rajaram Gokul of 1145 shares of Coinbase Global | ||
Wilson Frederick R over a year ago Acquisition or disposition of Coinbase Global securities by Wilson Frederick R | ||
Lutke Tobias over a year ago Coinbase Global exotic insider transaction detected | ||
Wilson Frederick R over a year ago Sale by Wilson Frederick R of 29028 shares of Coinbase Global |
Coinbase Global's Outstanding Corporate Bonds
Coinbase Global issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Coinbase Global uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Coinbase bonds can be classified according to their maturity, which is the date when Coinbase Global has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| Coinbase Global Corp BondUS19260QAC15 | View | |
| US19260QAD97 Corp BondUS19260QAD97 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Understand Coinbase Global's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Coinbase Global's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0947 | |||
| Market Risk Adjusted Performance | 0.1428 | |||
| Mean Deviation | 4.54 | |||
| Semi Deviation | 4.39 | |||
| Downside Deviation | 4.85 | |||
| Coefficient Of Variation | 888.1 | |||
| Standard Deviation | 6.67 | |||
| Variance | 44.52 | |||
| Information Ratio | 0.0962 | |||
| Jensen Alpha | 0.1862 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1324 | |||
| Treynor Ratio | 0.1328 | |||
| Maximum Drawdown | 41.9 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 9.69 | |||
| Downside Variance | 23.51 | |||
| Semi Variance | 19.23 | |||
| Expected Short fall | (5.67) | |||
| Skewness | 1.58 | |||
| Kurtosis | 6.45 |
| Risk Adjusted Performance | 0.0947 | |||
| Market Risk Adjusted Performance | 0.1428 | |||
| Mean Deviation | 4.54 | |||
| Semi Deviation | 4.39 | |||
| Downside Deviation | 4.85 | |||
| Coefficient Of Variation | 888.1 | |||
| Standard Deviation | 6.67 | |||
| Variance | 44.52 | |||
| Information Ratio | 0.0962 | |||
| Jensen Alpha | 0.1862 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1324 | |||
| Treynor Ratio | 0.1328 | |||
| Maximum Drawdown | 41.9 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 9.69 | |||
| Downside Variance | 23.51 | |||
| Semi Variance | 19.23 | |||
| Expected Short fall | (5.67) | |||
| Skewness | 1.58 | |||
| Kurtosis | 6.45 |
Consider Coinbase Global's intraday indicators
Coinbase Global intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Coinbase Global stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 0.13 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 309.52 | |||
| Day Typical Price | 304.76 | |||
| Market Facilitation Index | 41.95 | |||
| Price Action Indicator | (26.68) | |||
| Period Momentum Indicator | (24.78) | |||
| Relative Strength Index | 60.49 |
Coinbase Global Corporate Filings
F4 | 20th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 30th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Coinbase Stock media impact
Far too much social signal, news, headlines, and media speculation about Coinbase Global that are available to investors today. That information is available publicly through Coinbase media outlets and privately through word of mouth or via Coinbase internal channels. However, regardless of the origin, that massive amount of Coinbase data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Coinbase Global news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Coinbase Global relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Coinbase Global's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Coinbase Global alpha.
Coinbase Global Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Coinbase Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Coinbase Global Historical Investor Sentiment
Investor biases related to Coinbase Global's public news can be used to forecast risks associated with an investment in Coinbase. The trend in average sentiment can be used to explain how an investor holding Coinbase can time the market purely based on public headlines and social activities around Coinbase Global. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Coinbase Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Coinbase Global and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Coinbase Global news discussions. The higher the estimate score, the more favorable the investor's outlook on Coinbase Global.
Coinbase Global Corporate Management
| Daniel Seifert | VP EMEA | Profile | |
| Brian Armstrong | Chairman CoFounder | Profile | |
| Gregory Tusar | Vice Product | Profile | |
| Lawrence Brock | Chief Officer | Profile | |
| Paul JD | Chief Secretary | Profile | |
| Frederick III | CoFounder Director | Profile | |
| Manish Gupta | Executive Engineering | Profile |
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.
In summary, please note that there is a difference between Coinbase Global's value and its price, as these two are different measures arrived at by various 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.