From Nasdaq:

Coinbase Global, Inc. (COIN) closed at $262, up 1.99% from the previous day, outperforming the S&P 500. The stock has surged by 58.17% in the past month, exceeding the Finance sector’s gain of 4.23% and the S&P 500’s gain of 5.11%.

In its upcoming earnings report, Coinbase Global, Inc. is expected to post $0.50 per share, marking a 233.33% YoY growth. Revenue is forecasted at $1.03 billion, a 33.38% increase from the previous year. Analysts suggest monitoring these projections for share price momentum.

Coinbase Global, Inc. currently holds a Zacks Rank of #1 (Strong Buy) with a Forward P/E ratio of 167.76, notably higher than the industry average. The Securities and Exchanges industry is rated in the top 38% of all industries, indicating a positive outlook. Watch these metrics for future trading sessions.



Read more at Nasdaq: Coinbase Global, Inc. (COIN) Laps the Stock Market: Here’s Why