Contrasting Coinbase Global (NASDAQ:COIN) and Abits Group (NASDAQ:ABTS)

Coinbase Global (NASDAQ:COIN) and Abits Group (NASDAQ:ABTS) are both business services companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, earnings and analyst recommendations.

Valuation and Earnings

This table compares Coinbase Global and Abits Group”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Coinbase Global	$3.11 billion	21.81	$94.87 million	$5.86	46.20
Abits Group	$1.68 million	12.49	-$12.59 million	N/A	N/A

Coinbase Global has higher revenue and earnings than Abits Group.

Institutional and Insider Ownership

68.8% of Coinbase Global shares are owned by institutional investors. Comparatively, 0.2% of Abits Group shares are owned by institutional investors. 23.4% of Coinbase Global shares are owned by insiders. Comparatively, 6.7% of Abits Group shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares Coinbase Global and Abits Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Coinbase Global	29.76%	14.81%	0.41%
Abits Group	N/A	N/A	N/A

Analyst Ratings

This is a summary of recent ratings and recommmendations for Coinbase Global and Abits Group, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Coinbase Global	1	9	10	0	2.45
Abits Group	0	0	0	0	0.00

Coinbase Global presently has a consensus price target of $246.28, indicating a potential downside of 9.04%. Given Coinbase Global’s stronger consensus rating and higher probable upside, equities analysts plainly believe Coinbase Global is more favorable than Abits Group.

Volatility & Risk

Coinbase Global has a beta of 3.34, suggesting that its share price is 234% more volatile than the S&P 500. Comparatively, Abits Group has a beta of 2.68, suggesting that its share price is 168% more volatile than the S&P 500.

Summary

Coinbase Global beats Abits Group on 12 of the 12 factors compared between the two stocks.

About Coinbase Global

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

About Abits Group

Abits Group Inc. operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.