Coinbase Global Intrinsic Value Calculator – Coinbase Stock Falls in Lockstep with Crypto Market as Banking Fears Subside
May 2, 2023
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Today, Coinbase Global ($NASDAQ:COIN) saw its stock price fall in step with the crypto market as banking fears subsided. The cryptocurrency losses that were being mirrored in the stock market have decreased as concerns around banking regulations have been alleviated. Coinbase Global is a leading digital currency exchange that helps customers access, acquire, trade, and use a range of digital currencies. It operates a compliant and regulated international platform for digital asset exchange and custodian services. Coinbase Global’s mission is to create an open financial system for the world by providing access to the most trusted and secure digital currency platform.
The recent dip in Coinbase’s stock price is reflective of the broader cryptocurrency market, which has been buffeted by concerns over banking regulations. As these fears have been allayed, investors have been more inclined to buy into cryptocurrencies, which in turn is being mirrored in the stock market. Coinbase Global is well-positioned to benefit from this upswing, with its extensive network of customers and experienced executive team.
Price History
On Monday, COINBASE GLOBAL saw its stock take a 6.8% hit from the previous closing price of 53.8, opening at $53.2 before closing at $50.1. This significant drop in stock came as the cryptocurrency market saw a sudden drop in share prices and market capitalization due to fears that banking services would be unavailable to some customers in the near future. The drop in stock prices on Monday also saw a corresponding drop in the price of Bitcoin, Ethereum, and other major cryptocurrencies, leading to a greater market-wide panic over the potential instability of the industry.
As a result, COINBASE GLOBAL and its stock price fell in tandem with the market, in what some analysts have called a “lockstep” movement. Though the market appears to have recovered from the initial drop in prices, COINBASE GLOBAL stock is still feeling the impacts of the scare. 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 Value Calculator
We at GoodWhale have conducted an analysis of COINBASE GLOBAL‘s wellbeing, and have come to the conclusion that the fair value of their stock is around $79.7. This calculation was made using our proprietary Valuation Line. At the moment, COINBASE GLOBAL stock is traded at around $50.1, representing an undervaluation of 37.1%. This presents a great opportunity for investors looking to buy in at a discounted rate and reap the rewards of their investment as COINBASE GLOBAL’s share price returns to its fair value. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($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 one of the leading online trading platforms for investing in digital currencies. It offers individuals, institutions, and businesses an easy-to-use platform to securely buy, sell, store and trade digital assets. Coinbase Global is known for its secure trading environment, advanced technology, and excellent customer service. It provides an array of services including spot trading, margin trading, derivatives, and staking. Investors using Coinbase Global benefit from low fees, high liquidity and access to a wide range of digital assets.
Additionally, Coinbase Global provides users with educational resources to help them make informed decisions about their investments. With its advanced technology and multiple payment options, Coinbase Global is an excellent option for those who are interested in investing in digital currencies.
