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Coinbase Global, Inc. (COIN)

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170.91 +7.81 (+4.79%)
At close: October 4 at 4:00 PM EDT
170.02 -0.89 (-0.52%)
After hours: October 4 at 7:59 PM EDT
Loading Chart for COIN
DELL
  • Previous Close 163.10
  • Open 168.22
  • Bid 170.78 x 100
  • Ask 170.94 x 100
  • Day's Range 164.00 - 171.24
  • 52 Week Range 70.42 - 283.48
  • Volume 6,842,791
  • Avg. Volume 7,732,907
  • Market Cap (intraday) 42.467B
  • Beta (5Y Monthly) 3.35
  • PE Ratio (TTM) 30.41
  • EPS (TTM) 5.62
  • Earnings Date Oct 31, 2024 - Nov 4, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 257.04

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

www.coinbase.com

3,416

Full Time Employees

December 31

Fiscal Year Ends

Recent News: COIN

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Related Videos: COIN

Why Harris and Trump are talking crypto: 'Number Go Up' author

Zeke Faux, author of "Number Go Up," sits down with Julie Hyman and Josh Lipton on Asking for a Trend to talk about how cryptocurrency has become a hot-button issue ahead of the upcoming presidential election. “When I talk to Bitcoin (BTC-USD) proponents, you get a lot of pitches about its digital gold. It's a store of value because Bitcoiners have pretty much given up on pitching it as something you're going to use to buy your coffee in the morning or whatever,” Faux tells Yahoo Finance. He adds despite the view that crypto stores value, “From the price action, what we've seen is it's moving pretty much with other risk assets… It's moving a lot more in lockstep rather than like being a hedge the way they pitch it.” The author explains, “The title of the book, 'Number Go Up,' comes from something I heard a Bitcoin guy say at a conference, and he was like, if the price goes up, it gets people excited. The more people will buy, then the price will go up more. And before you know it, like to the moon. And I thought that was kind of laughable. But I really think that's kind of what's been happening these last couple of years.” “I don't think that kind of thinking can last forever. But so far, it's, you know, led to pretty strong recovery for all these coin prices,” Faux notes. Both former President Donald Trump and Vice President Kamala Harris have talked crypto on the campaign trail ahead of the November election. Faux says, “It's really wild, especially as someone who covers crypto [and] sometimes it's kind of hard to cover all of this stuff with a straight face because we've seen so many scams, so much fraud.” “People in crypto are even not talking that much about crypto as the future… the excitement is gone, except in DC, where now you've got politicians who are basically repeating the industry's talking points,” Faux says. He notes the politicians have “pitched this idea that there's a lot of Bitcoin voters and they're doing this to appeal to Bitcoin voters. I really don't think there's a lot of people where crypto is like top of mind, but there's definitely quite a few really rich crypto guys.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan.

Performance Overview: COIN

Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

COIN
1.73%
S&P 500
20.57%

1-Year Return

COIN
135.80%
S&P 500
35.98%

3-Year Return

COIN
26.06%
S&P 500
31.99%

5-Year Return

COIN
55.14%
S&P 500
39.43%

Compare To: COIN

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Statistics: COIN

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    42.47B

  • Enterprise Value

    34.46B

  • Trailing P/E

    30.41

  • Forward P/E

    43.86

  • PEG Ratio (5yr expected)

    0.57

  • Price/Sales (ttm)

    9.91

  • Price/Book (mrq)

    5.07

  • Enterprise Value/Revenue

    7.31

  • Enterprise Value/EBITDA

    19.70

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    33.00%

  • Return on Assets (ttm)

    0.36%

  • Return on Equity (ttm)

    21.01%

  • Revenue (ttm)

    4.5B

  • Net Income Avi to Common (ttm)

    1.48B

  • Diluted EPS (ttm)

    5.62

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    7.23B

  • Total Debt/Equity (mrq)

    53.35%

  • Levered Free Cash Flow (ttm)

    766.55M

Research Analysis: COIN

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.38B
Earnings 36.15M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

160.00
257.04 Average
170.91 Current
400.00 High
 

Company Insights: COIN

Research Reports: COIN

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  • Coinbase Benefits From Higher Cryptocurrency Prices and a Leaner Cost Structure Heading in 2024

    Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

    Rating
    Price Target
     
  • Coinbase Benefits From Higher Cryptocurrency Prices and a Leaner Cost Structure Heading in 2024

    Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

    Rating
    Price Target
     
  • Coinbase Earnings: A Sequential Decline in Net Income as Lower Volatility Drives Trading Volume Down

    Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

    Rating
    Price Target
     
  • Coinbase Earnings: A Sequential Decline in Net Income as Lower Volatility Drives Trading Volume Down

    Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

    Rating
    Price Target
     

Top Analysts: COIN

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Overall Score

HC Wainwright & Co. 83/100
Latest Rating
Buy
 

Direction Score

HC Wainwright & Co. 80/100
Latest Rating
Buy
 

Price Score

Compass Point 98/100
Latest Rating
Buy
 

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