Coinbase Global (NASDAQ:COIN) vs. Abits Group (NASDAQ:ABTS) Head-To-Head Review

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

Volatility and Risk

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

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

Valuation & Earnings

This table compares Coinbase Global and Abits Group”s gross 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	15.50	$94.87 million	$5.86	33.10
Abits Group	$1.68 million	12.21	-$12.59 million	N/A	N/A

Coinbase Global has higher revenue and earnings than Abits Group.

Institutional & 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 company insiders. Comparatively, 6.7% of Abits Group shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent recommendations for Coinbase Global and Abits Group, as reported by MarketBeat.com.

	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	N/A

Coinbase Global presently has a consensus target price of $246.28, indicating a potential upside of 26.97%. Given Coinbase Global’s higher probable upside, equities research analysts clearly believe Coinbase Global is more favorable than Abits Group.

Summary

Coinbase Global beats Abits Group on 11 of the 11 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.