We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coinbase Global, Inc. (COIN) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Coinbase Global, Inc. (COIN - Free Report) closed at $195.25, marking a +0.37% move from the previous day. This change outpaced the S&P 500's 0.38% loss on the day. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the company had lost 15.43% over the past month, lagging the Finance sector's loss of 3.22% and the S&P 500's loss of 6.25% in that time.
Wall Street will be looking for positivity from Coinbase Global, Inc. as it approaches its next earnings report date. This is expected to be February 24, 2022.
It is also important to note the recent changes to analyst estimates for Coinbase Global, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Coinbase Global, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Coinbase Global, Inc. is holding a Forward P/E ratio of 24.63. This valuation marks a premium compared to its industry's average Forward P/E of 23.51.
The Securities and Exchanges industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Coinbase Global, Inc. (COIN) Gains As Market Dips: What You Should Know
In the latest trading session, Coinbase Global, Inc. (COIN - Free Report) closed at $195.25, marking a +0.37% move from the previous day. This change outpaced the S&P 500's 0.38% loss on the day. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the company had lost 15.43% over the past month, lagging the Finance sector's loss of 3.22% and the S&P 500's loss of 6.25% in that time.
Wall Street will be looking for positivity from Coinbase Global, Inc. as it approaches its next earnings report date. This is expected to be February 24, 2022.
It is also important to note the recent changes to analyst estimates for Coinbase Global, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Coinbase Global, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Coinbase Global, Inc. is holding a Forward P/E ratio of 24.63. This valuation marks a premium compared to its industry's average Forward P/E of 23.51.
The Securities and Exchanges industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.