Coinbase Stock Impressive Jump On Wednesday, Outperforms Market

(VIANEWS) – The NASDAQ ended the session with Coinbase jumping 11.63% to $256.88 on Wednesday, after four consecutive sessions in a row of losses. NASDAQ jumped 1.25% to $16,369.41, after two successive sessions in a row of gains, on what was an all-around positive trend exchanging session today.

Coinbase’s last close was $230.12, 22.8% above its 52-week high of $187.39.

About Coinbase

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.

Earnings Per Share

As for profitability, Coinbase has a trailing twelve months EPS of $0.37.

PE Ratio

Coinbase has a trailing twelve months price to earnings ratio of 694.27. Meaning, the purchaser of the share is investing $694.27 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 -12.74%.

Sales Growth

Coinbase’s sales growth is negative 49% for the present quarter and negative 5.4% for the next.

More news about Coinbase (COIN).

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