|Bid||64.58 x 800|
|Ask||64.90 x 900|
|Day's Range||62.07 - 70.74|
|52 Week Range||40.83 - 368.90|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||4.98|
|Earnings Date||Nov 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||191.41|
Shares of the large U.S. crypto exchange Coinbase (NASDAQ: COIN) are trading roughly 5.5% higher as of 10:57 a.m. ET today after the company recently joined the Fortune 500 list and as the broader crypto market rises. Coinbase also became the first crypto company yesterday to join the Fortune 500 list, which is a list of the 500 largest companies in the U.S. ranked by revenue. Coinbase in fiscal year 2021 generated $7.8 billion of revenue to come in at number 437 on the list.
Trading exchange Coinbase Global (NASDAQ: COIN) has suffered during the broader cryptocurrency sell-off as asset prices in popular cryptocurrencies have declined due to waning investor sentiment when compared to prior periods. Generally speaking, since its initial public offering a year ago, Coinbase's stock price has traded in lockstep with Bitcoin. While the company primarily serves as an exchange to buy and sell crypto tokens, Coinbase has a variety of other products and services, including non-fungible tokes (NFTs), crypto wallets, and advanced trading features like derivatives.
America’s largest cryptocurrency exchange has become a Fortune 500 company this week, however, the elusive accolade has done nothing for its share prices.