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Noble_1
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๐ฅ START YOUR CRYPTO JOURNEY WITH BITCAPITALX! ๐ฅ
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Shill me a coin that is about to do this I will deploy $100K in the most mentioned ticker ๐
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@FUNtoken
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MUSK JUST FORMED AMERICA PARTY...
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Coinbaseโs stock is up over 40% this month as Wall Street projects amazing profit growth Through Thursday, shares of Coinbase Global Inc. had risen nearly 45% in June. It might seem at first to be an expensive stock, but consensus estimates make the case that committed investors may be well rewarded several years from now. One reason Coinbase COIN +0.38% has soared this month is that the stock was added to the S&P 500 SPX +0.83% in May. This means index funds such as the $630 billion SPDR S&P 500 Trust SPY +0.79% and the $1.4 trillion Vanguard S&P 500 ETF VOO +0.86% have been buying the shares. The provider of services for people who invest and trade in bitcoin BTCUSD +0.07% and other virtual currencies is expected by analysts polled by FactSet to earn $5.28 a share this year on revenue of $7.37 billion. Those figures are expected to rise to EPS of $7.80 on sales of $8.15 billion in 2026, and EPS of $9.04 on sales of $8.83 billion in 2027. Skip Ad How to pick dividend stocks positioned to keep growing dividends The most commonly cited stock-valuation metric is forward price-to-earnings ratio; this is a companyโs share price divided by the consensus earnings-per-share estimate for the next 12 months. On this basis, Coinbase appears to be expensive: At Thursdayโs close, its forward P/E ratio was 57.7, compared with a weighted forward P/E of 22 for the S&P 500. We can also look at price-to-sales ratios on the same rolling 12-month bases. Coinbaseโs forward P/S ratio was 11.7, compared with a weighted P/S ratio of 3 for the index. Now letโs take a look at projected compound annual growth rates (CAGR) for Coinbase and the S&P 500. These are based on consensus estimates among analysts working for brokerage and research firms polled by FactSet, weighted for the index by market capitalization
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