Coinbase Global Stock Fair Value Calculation – Coinbase Global, Soars 82.7% in 2023: Is it a Buy?
March 6, 2023
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Coinbase Global Stock Fair Value Calculation – Coinbase Global ($NASDAQ:COIN), Inc. has seen a dramatic increase of 82.7% in the value of their stock since the start of the year in 2023. Investors are left wondering whether this is an opportune time to enter the market and purchase the company’s shares. Coinbase Global, Inc. is a leading provider of cryptocurrency services, offering platform solutions including trading tools for both individual and institutional investors. Coinbase Global, Inc.’s trading engine is one of the world’s fastest, allowing for low latency and ultra-low transaction fees; this makes it attractive to investors looking to capitalize on the volatile markets of cryptocurrencies. Furthermore, Coinbase Global, Inc. has solidified its position as an industry leader with recent acquisitions such as Earn.com and Neutrino. The purchase of Earn.com allows Coinbase to provide even greater access to its users, as Earn.com’s platform allows them to read, answer and receive payments for emails, referred to as “micro-tasks”, while the Neutrino acquisition strengthens Coinbase’s ability to investigate suspicious activity on its platform. Coupled with the ability to purchase cryptocurrencies with debit cards, Coinbase Global, Inc. has positioned itself a step ahead of competitors and is well equipped to handle any potential upcoming regulations in the industry.
Additionally, Coinbase Global, Inc. benefits from a strong network connection — an important factor given the highly interconnected nature of the cryptocurrency industry — and continues to roll out new services, such as its staking services, which allows users to earn income from their holdings. All things considered, Coinbase Global, Inc. appears to be a quite reliable buy for investors in the cryptocurrency market. With its massive user base, low transaction fees and various features — as well as its sound approach to regulation and safe network connection — Coinbase Global, Inc. is well worth consideration for those looking for a solid investment opportunity in the industry.
Price History
Coinbase Global, Inc., one of the world’s leading digital currency exchanges, has seen its share price soar by 82.7% since January 2023. On Thursday, the stock opened at $61.1 and closed at $63.7, only down 1.5% from its previous close of $64.7. Amid the volatile and often unpredictable nature of the cryptocurrency market, many investors are wondering if Coinbase Global is still a buy or if this surge in price is just a fleeting moment. With the company’s solid track record of success, it may be worthwhile to invest in this innovative and forward-thinking business. Coinbase Global offers unparalleled security, convenience, and access to more crypto assets than any other exchange. Additionally, its Global Digital Asset Exchange (GDAX) provides both professional and retail traders with an advanced interface for trading cryptocurrencies.
However, those who feel confident in the potential of Coinbase Global should consider adding this stock to their portfolio. Long-term investors should watch carefully for any future dips in price before entering the market. 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 Stock Fair Value Calculation
At GoodWhale, we believe in conducting comprehensive stock analyses to better understand a company’s wellbeing. As such, we have analyzed COINBASE GLOBAL and found it to be a strong investment opportunity. Our proprietary Valuation Line estimates the fair value of COINBASE GLOBAL to be around $81.0. However, currently the stock is traded at $63.7, creating a buying opportunity as the security is undervalued by 21.4%. Therefore, we recommend that investors consider investing in COINBASE GLOBAL stock. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($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, Inc. has seen an impressive increase of 82.7% in the past year. Analysts are now recommending investors to take note of Coinbase as a potential buy. Coinbase has maintained strong liquidity and healthy financial performance which is further reflected in their market capitalization and balance sheet. Besides, the company offers a wide range of services such as crypto trading and exchange, payment services, and asset management. The company has been able to maintain high customer satisfaction by providing efficient customer service. This has helped build its reputation as a reliable cryptocurrency platform.
Additionally, Coinbase has been able to stay ahead of its competitors with its low transaction fees, secure digital wallet services, and easy-to-use user interface. In conclusion, investing in Coinbase can be a wise decision for investors looking to benefit from the growth potential of the crypto industry.
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