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Coinbase Global, Inc. (COIN) is currently trading at approximately $257 per share, down over 40% from its 52-week high of $444. The stock has dropped more than 25% this month due to a decline in Bitcoin prices, falling below $100,000.
Despite recent volatility, Coinbase reported a cautiously optimistic outlook in late October, projecting an 11% increase in total sales for the year, with an anticipated 13% rise by fiscal 2026 to $8.3 billion. Analysts expect earnings per share (EPS) growth of 5% in FY25 but a dip to $5.87 in FY26 due to anticipated reduced trading activity.
Coinbase’s balance sheet is strong, boasting over $13.5 billion in cash and equivalents against total assets of $31.35 billion and liabilities of $15.32 billion. The company’s price-to-forward earnings ratio is currently around 32X, significantly lower than its recent high of 90X.
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