NasdaqGS - Nasdaq Real Time Price USD StockStory Top Pick

Coinbase Global, Inc. (COIN)

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210.48 +14.14 (+7.20%)
At close: October 16 at 4:00 PM EDT
209.40 -1.08 (-0.51%)
After hours: October 16 at 7:59 PM EDT
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Loading Chart for COIN
DELL
  • Previous Close 196.34
  • Open 203.90
  • Bid 209.78 x 100
  • Ask 210.62 x 100
  • Day's Range 197.60 - 212.42
  • 52 Week Range 70.42 - 283.48
  • Volume 13,912,281
  • Avg. Volume 8,008,771
  • Market Cap (intraday) 52.302B
  • Beta (5Y Monthly) 3.35
  • PE Ratio (TTM) 37.45
  • EPS (TTM) 5.62
  • Earnings Date Oct 30, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 255.30

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

Financial Services

Sector

Financial Data & Stock Exchanges

Industry

More about Coinbase Global, Inc.

Recent News: COIN

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Related Videos: COIN

Investment banking activity rises, bitcoin rallies: Catalysts

On today's episode of Catalysts, Hosts Seana Smith and Brad Smith break down some of the biggest stories of the trading day. Major US banks have all reported their earnings. Morgan Stanley (MS) closed out the group, topping analysts' expectations and delivering a big boost in investment banking revenue. American Banker editor-in-chief Chana Schoenberger explains that her biggest takeaway from bank earnings is that "investment banking is up and trading is up." She attributes this trend to two factors: the markets being up and an increase in dealmaking. She notes that M&A (mergers and acquisitions) activity has increased this year and will continue its momentum as interest rates fall. Regional banks Citizens Financial Group (CFG) and US Bancorp (USB) have posted their third quarter results. Citizens Bank posted revenue that fell just short of Wall Street's expectations of lower net interest income. On the other hand, US Bancorp's net interest income topped estimates, as it benefited from higher borrowing costs. Major indexes (^DJI, ^IXIC, ^GSPC) are rallying amid third quarter earnings season. However, questions remain about the sustainability of these gains in the current bull market, which is entering its third year. IG North America CEO J.J. Kinahan expresses optimism about the market's broad-based rally, viewing it as a positive indicator. "We're at a wall of worry. Nobody believes in the rally," he says, suggesting this skepticism could fuel further gains. However, he highlights some sector-specific concerns, particularly in semiconductor stocks. Kinahan points to Intel (INTC) as "an outlier" among semiconductor names, noting the stock's difficulty maintaining momentum. Bitcoin (BTC-USD) prices have climbed above $67,000 on Wednesday — its highest since July. The jump was influenced by Vice President Kamala Harris's newly announced proposals to establish a clearer regulatory framework for digital assets. The cryptocurrency's upward momentum has triggered a broader rally across crypto-related stocks, including Coinbase (COIN), MicroStrategy (MSTR), Riot Platforms (RIOT), and CleanSpark (CLSK). The US government is reportedly considering capping chip sales to certain countries. The move would affect chipmakers like Nvidia (NVDA) and Advanced Micro Devices (AMD). Macrolens chief strategist and managing principal Brian McCarthy tells Yahoo Finance, "It's unclear whether yesterday's news suggesting there could be tightened restrictions on the UAE and Saudi Arabia is or isn't related to those countries possibly funneling chips to China because it's very hard to sort of bottle up China's access to these chips through third parties." He explains that despite the US limiting chip exports to China due to national security risks, widespread smuggling of the tech persists. This post was written by Melanie Riehl
Yahoo Finance Video · 6h ago
CFG-PE
CFG

Performance Overview: COIN

Trailing total returns as of 10/16/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

COIN
21.02%
S&P 500
22.49%

1-Year Return

COIN
186.64%
S&P 500
35.00%

3-Year Return

COIN
24.99%
S&P 500
30.66%

5-Year Return

COIN
44.76%
S&P 500
41.65%

Compare To: COIN

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

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Coinbase Global, Inc.
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Statistics: COIN

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Valuation Measures

Annual
As of 10/15/2024

  • Market Cap

    48.79B

  • Enterprise Value

    40.78B

  • Trailing P/E

    34.94

  • Forward P/E

    50.51

  • PEG Ratio (5yr expected)

    0.65

  • Price/Sales (ttm)

    11.38

  • Price/Book (mrq)

    5.83

  • Enterprise Value/Revenue

    8.65

  • Enterprise Value/EBITDA

    23.31

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

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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 Low
255.30 Average
210.48 Current
400.00 High
 
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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
    Morningstar• 5 days ago
     

  • 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
    Morningstar• 14 days ago
     

  • 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
    Morningstar• 26 days ago
     

  • 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
    Morningstar• 27 days ago
     
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Top Analysts: COIN

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Overall Score

HC Wainwright & Co. 83/100
Latest Rating
Buy
 

Direction Score

HC Wainwright & Co. 79/100
Latest Rating
Buy
 

Price Score

Compass Point 98/100
Latest Rating
Buy
 
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