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Coinbase Stock Bearish Momentum With A 9% Fall So Far Today

(VIANEWS) – Shares of Coinbase (NASDAQ: COIN) fell 9.8% to $61.18 at 11:52 EST on Monday, after two consecutive sessions in a row of gains. NASDAQ is falling 0.21% to $11,799.24, after five consecutive sessions in a row of gains. This seems, at the moment, a somewhat down trend trading session today.

Coinbase’s last close was $67.83, 67.2% 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 4.6. Meaning, the purchaser of the share is investing $4.6 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%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 56.1%, now sitting on 5.04B for the twelve trailing months.

Volatility

Coinbase’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.44%, a positive 0.55%, and a positive 6.47%.

Coinbase’s highest amplitude of average volatility was 8.49% (last week), 6.04% (last month), and 6.47% (last quarter).

Volume

Today’s last reported volume for Coinbase is 12191292 which is 39.47% below its average volume of 20142900.

More news about Coinbase (COIN).

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