Coinbase Global Stock Fair Value – Coinbase Global Supports Retail Sector Transformation
October 25, 2023
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Coinbase Global ($NASDAQ:COIN) is an innovative company that has revolutionized the retail sector by revolutionizing the way people interact with digital currencies. Coinbase Global enables users to buy, sell, and store digital currency with ease. The company’s mission is to create an open financial system for the world, making it more efficient, secure, and accessible for everyone. Coinbase Global supports retail sector transformation by providing users with a secure, easy-to-use platform to access digital currencies and services. The company also offers comprehensive customer service, payment processing, and other related services. Coinbase Global is a publicly traded company on the NASDAQ stock exchange. Coinbase Global offers a variety of services including the Coinbase Exchange, Coinbase Custody, Coinbase Pro, and Coinbase Prime.
In addition, the company provides advanced trading tools such as algorithmic trading, margin trading, and dark pools. Coinbase Global is committed to providing its customers with a secure and reliable experience while using its platform.
Price History
On Tuesday, Coinbase Global revealed the positive impact their services have had on the retail sector transformation. Their stock opened at $83.3 and closed at $82.1, a rise of 6.3% from the previous closing price of 77.2. This increase is a testament to the immense value that Coinbase Global brings to their customers in terms of aiding shopping trends, analytics, and consumer insights. By leveraging data from its global network, Coinbase Global is instrumental in helping retailers gain key insights that enable them to improve their customer experiences and better understand consumer needs. With their vast resources, Coinbase Global can provide retailers with real-time insights that can help them better market their products, optimize their operations, and drive customer loyalty.
Coinbase Global also provides retailers with the cutting-edge technology necessary to make data-driven decisions. Through their sophisticated analytics platform, retailers can unlock the potential of big data to make informed decisions in the ever-evolving retail landscape. Furthermore, Coinbase Global’s suite of software solutions can help retailers optimize their inventory management, pricing strategies, and customer relationship management. By empowering retailers with the necessary tools to succeed in today’s digital age, Coinbase Global continues to be a leader in the transformation of the retail industry. 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 |
| 2.7k | -1.28k | -42.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coinbase Global. More…
| Operations | Investing | Financing |
| -528.73 | -57.96 | -3.37k |
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 |
| 137.65k | 131.9k | 24.29 |
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% | – | -50.8% |
| FCF Margin | ROE | ROA |
| -21.8% | -15.0% | -0.6% |
Analysis – Coinbase Global Stock Fair Value
GoodWhale recently conducted an analysis of the financials of COINBASE GLOBAL, one of the largest digital currency exchanges in the world. Our proprietary Valuation Line provides insights on the fair value of such stocks, and based on our findings, the fair value of the COINBASE GLOBAL share is around $68.2. Interestingly, despite this finding, the current market value of COINBASE GLOBAL stock is $82.1, meaning it is overvalued by 20.4%. This significant overvaluation indicates positive investor sentiment for the company and its financials, suggesting that COINBASE GLOBAL stock could be an attractive option for investment. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($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 (COIN) is a cryptocurrency exchange and digital asset platform that has seen a recent surge in its stock price. Investors believe that Coinbase’s involvement in the retail sector transformation will bring a strong growth in the digital asset space and could be a great long-term investment opportunity. Analysts have highlighted Coinbase’s capabilities with cryptocurrencies, its leadership in the market, and its network effect as reasons for positive sentiment and growth potential.
Coinbase also recently acquired the security token platform Tagomi to further expand its services. All these factors indicate that Coinbase is well-positioned to benefit from the increasing demand for digital assets and could be an attractive investment option for those looking to gain exposure to the crypto market.
