(VIANEWS) – The NASDAQ ended the session with Coinbase rising 16.87% to $68.99 on Wednesday, after two sequential sessions in a row of gains. NASDAQ jumped 0.92% to $12,070.59, after two successive sessions in a row of gains, on what was a somewhat bullish trend exchanging session today.
Coinbase’s last close was $59.03, 84% below its 52-week high of $368.90.
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 5.19. Meaning, the purchaser of the share is investing $5.19 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 91.66%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 327.1%, now sitting on 7.84B for the twelve trailing months.
Volume
Today’s last reported volume for Coinbase is 23719700 which is 48.68% above its average volume of 15953300.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Coinbase’s stock is considered to be overbought (>=80).
More news about Coinbase (COIN).
