(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.
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.
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%.
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