Coinbase Stock Is 31% Up In The Last 21 Sessions

(VIANEWS) – Shares of Coinbase (NASDAQ: COIN) jumped by a staggering 31.12% in 21 sessions from $61.89 to $81.15 at 15:24 EST on Wednesday, after five successive sessions in a row of gains. NASDAQ is rising 0.07% to $11,868.80, after two successive sessions in a row of gains.

Coinbase’s last close was $83.99, 59.38% under its 52-week high of $206.79.

About Coinbase

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

Earnings Per Share

As for profitability, Coinbase has a trailing twelve months EPS of $13.29.

PE Ratio

Coinbase has a trailing twelve months price to earnings ratio of 6.1. Meaning, the purchaser of the share is investing $6.1 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -22.35%.

More news about Coinbase (COIN).

Leave a Reply

Your email address will not be published. Required fields are marked *