Coinbase Global, Inc. (COIN) – Headwind for Coinbase, declining volume

Coinbase Global, Inc. (COIN) (Q2FY23)

Stock Performance: Coinbase stock price showed a downtrend in the past 3-month period and gave negative returns of -21%. The stock price increased by 13% in the past 1 year. The stock has a 52-week high of $114.43 and its 52-week low is $31.55.

Quarter Performance : In Q2FY23, COIN’s revenue decreased by -12% to $707.9mn from $808.3mn in Q2FY22 and the COGS decreased by -35% to $108.2mn from $167.2mn in the same period

Guidance: In the third quarter, Coinbase anticipates subscription and services revenue to reach a minimum of $300 million. The company foresees an increase in technology and development, and general and administrative expenses primarily due to a rise in stock-based compensation, estimated between $575 million and $625 million, including approximately $210 million in stock-based compensation.

Highlights

Coinbase, a prominent cryptocurrency exchange in the U.S., recognized for stringent security measures and compliance, are strategically investing in services like Coinbase Wallet and Coinbase Prime to align with the evolving landscape of cryptocurrencies.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 30

To Download other equity reports CLICK HERE

Follow our LinkedIn page for more updates.