|Bid||21.78 x 1000|
|Ask||23.77 x 800|
|Day's Range||23.47 - 23.92|
|52 Week Range||23.47 - 25.20|
|Beta (5Y Monthly)||2.53|
|PE Ratio (TTM)||8.50|
|Forward Dividend & Yield||1.51 (6.07%)|
|Ex-Dividend Date||Oct. 28, 2021|
|1y Target Est||N/A|
Shares of Coinbase Global (NASDAQ: COIN) were getting demolished today. The stock was down nearly 12% as of 3:45 p.m. ET on Friday, adding to an absolutely brutal week for it and other companies tied to the crypto market. Along with the crypto exchange, crypto bank Silvergate Capital's (NYSE: SI) shares were also in retreat today (down 12%), as were stocks of top Bitcoin (CRYPTO: BTC) holders like MicroStrategy (NASDAQ: MSTR) (down nearly 16%) and Bitcoin fund Grayscale Bitcoin Trust (OTC: GBTC) (down almost 13%).
This analyst says it's time to buy Silvergate stock, albeit with not as much upside as it thought before.
If you invest in small companies, you can pretty much expect some price volatility. If you want your investment in small stocks to be rewarding, you will want to diversify your bets and patiently waits out frequent storms. Three options to help with that diversity have had a bout of volatility in recent months.