Coinbase Global Intrinsic Stock Value – Coinbase Stock Continues to Fall as Crypto Prices Extend Retreat
April 25, 2023
Trending News ☀️
Today marks yet another day of losses for Coinbase Global ($NASDAQ:COIN) Inc. (COINBASE), as the stock continues to fall in tandem with the crypto market. The world’s largest cryptocurrency exchange has seen its stock sink amid a broader industry slump, with Bitcoin and other digital currencies hitting their lowest levels since April. This has caused investors to be nervous about the company’s future prospects. Coinbase is a US-based cryptocurrency exchange, providing users with a safe and secure platform to buy and sell crypto assets, such as Bitcoin and Ethereum.
Coinbase has been praised for its customer service, security protocols, and advanced trading tools, making it a leader in the crypto trading space. Despite its success, Coinbase’s stock has been buffeted by the volatile nature of the digital currencies it trades in. It remains to be seen whether the company can weather this latest storm and come out unscathed.
Share Price
On Monday, COINBASE GLOBAL stock opened at $59.0 and closed at $54.8, representing a 7.3% drop from the prior closing price of 59.0. This retreat comes as traders and investors remain concerned about the potential for increased regulation of cryptocurrencies, as well as the roller coaster ride in prices over the past few months. Investors are also closely watching how COINBASE GLOBAL is navigating these choppy waters, with the company facing mounting pressure to demonstrate success in its core business operations. It remains to be seen if COINBASE GLOBAL can navigate the current market conditions and return to its pre-IPO highs. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coinbase Global. More…
| Total Revenues | Net Income | Net Margin |
| 3.19k | -2.62k | -81.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coinbase Global. More…
| Operations | Investing | Financing |
| -1.59k | -663.82 | -5.84k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coinbase Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 89.72k | 84.27k | 23.63 |
Key Ratios Snapshot
Some of the financial key ratios for Coinbase Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 81.6% | – | -93.2% |
| FCF Margin | ROE | ROA |
| -51.6% | -33.6% | -2.1% |
Analysis – Coinbase Global Intrinsic Stock Value
At GoodWhale, we take pride in our analysis of the wellbeing of COINBASE GLOBAL. After careful consideration, we have calculated the intrinsic value of a COINBASE GLOBAL share to be around $80.0, based on our proprietary Valuation Line. Right now the stock is trading at $54.8 – this represents an undervaluation of 31.5%, indicating that it is a great opportunity to purchase COINBASE GLOBAL shares. We believe that investors should take advantage of this opportunity and consider buying COINBASE GLOBAL stock at its current price. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc. is a cryptocurrency mining company that focuses on Bitcoin mining. The company has a market capitalization of $981.09 million and a return on equity of -17.02%. Riot Blockchain Inc. was founded in 2000 and is headquartered in Castle Rock, Colorado.
– Robinhood Markets Inc ($NASDAQ:HOOD)
Robinhood Markets Inc is a financial services company that offers a commission-free trading platform for stocks, options, and cryptocurrency. The company has a market cap of 9.19B as of 2022 and a Return on Equity of -33.37%. Robinhood was founded in 2013 and is headquartered in Menlo Park, California.
– MicroStrategy Inc ($NASDAQ:MSTR)
MicroStrategy Inc is a publicly traded business intelligence company. The company has a market cap of 2.66B as of 2022 and a ROE of -77.69%. MicroStrategy offers a comprehensive suite of products that enable organizations to analyze internal and external data to make better informed decisions. The company’s products are used by organizations of all sizes, in a variety of industries, including banking, healthcare, insurance, retail, telecommunications, and many others.
Summary
Coinbase Global is a digital currency exchange that allows users to buy, sell, and store cryptocurrencies. It provides a secure platform for trading cryptocurrencies and is one of the largest exchanges in the world. Analysts view Coinbase Global as a leader in the cryptocurrency space with potential for further growth as more institutional investors enter the market. Factors influencing the stock’s performance include market volatility, cryptocurrency regulations, and the company’s financial health.
In addition, Coinbase Global has recently launched several new features, such as a crypto debit card, which should increase user engagement and could result in higher stock prices. Overall, Coinbase Global appears to be a strong investment for those looking to diversify their portfolios and capitalize on the digital landscape.
