COIN

Coinbase Global Inc - Ordinary Shares - Class A

Finance/Real Estate, TMT


Presented:07/19/2022
Price:$65.83
Cap:$14.62B
Current Price:$196.34
Cap:$48.79B

Presented

Date07/19/2022
Price$65.83
Market Cap$14.62B
Ent Value$38.60B
P/E Ratio5.78x
Book Value$29.35
Div Yield0%
Shares O/S222.02M
Ave Daily Vol14,456,092
Short Int21.05%

Current

Price$196.34
Market Cap$48.79B
Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Coinbase Global Inc (COIN)

Highlights

The presenter is short shares of Coinbase Global Inc (COIN), the largest publicly traded cryptocurrency exchange in the US. While he feels that there is a chance for trade volumes to partially recover, the company is currently plagued by major balance sheet impairments, competition with lower cost structures, and a declining retail mix that hurts take rates and AUM. As COIN loses over $1B in EBITDA this year, he anticipates that the $60 stock will decline by at least 50%.

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Idea Discussion

Commentor 1 - 2 weeks ago

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