Coinbase Global Stock Fair Value Calculator – CEO Brian Armstrong Suggests Coinbase May Move Abroad to Seek New Opportunities
April 19, 2023
Trending News ☀️
Coinbase Global ($NASDAQ:COIN) is a leading cryptocurrency exchange and financial services provider based in San Francisco, California. This move is seen as one to seek out new opportunities for the company. Armstrong believes that the current regulatory climate of the United States does not provide Coinbase with enough room to innovate and compete globally. He would like to see the US become more competitive in regards to cryptocurrency regulation in order to remain competitive with other countries. He believes this would create an environment that would attract more investors, businesses and talent.
The potential relocation of Coinbase overseas highlights the importance of regulatory clarity in a globalized world. As cryptocurrencies continue to gain popularity, it is important for governments to provide clear and consistent regulation in order to ensure innovation and competition in this space. Coinbase is just one example of how a company can be negatively impacted by a lack of regulatory clarity.
Market Price
On Tuesday, COINBASE GLOBAL stock opened at $70.4 but closed at $67.3, a decrease of 0.7% from its prior closing price of 67.7. In his comments, Armstrong noted that the regulatory climate in the United States does not always provide the most conducive environment for digital currency-related businesses, and therefore other countries may be able to offer more support. He also noted that many of Coinbase’s global users and customers are located outside the US, making it even more beneficial to look at other locations. This news has caused some investors to question the future of Coinbase’s operations in the US, though it is unclear whether the company will ultimately decide to relocate abroad. 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 Calculator
GoodWhale has conducted an in-depth financial analysis of COINBASE GLOBAL, the leading cryptocurrency exchange and digital wallet application, to determine its fair value. After analyzing their historical performance, cash flows, and investment opportunities, we have determined that the fair value of each COINBASE GLOBAL share is around $80.2. The current market price of a COINBASE GLOBAL share is $67.3, which means that the stock is undervalued by 16.1%. This presents a great opportunity for investors to take advantage of the mispricing and purchase shares in the company at a discounted rate. We believe that investors who take advantage of this mispricing will be rewarded in the long run as the stock price should eventually converge with its fair value. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($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 Inc., a leading digital currency exchange platform, is exploring the possibility of relocating outside the United States. CEO Brian Armstrong said that the company is considering a shift in location due to the uncertain regulatory environment that exists in the U.S. and abroad. Investors should consider the potential implications of a move which could include increased user growth and access to new markets, as well as the need for compliance with different regulations in each jurisdiction. As Coinbase continues to grow, investors should pay close attention to potential changes in the company’s operations that could affect its current business model.
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