Latest news with #Coinbase
Yahoo
5 hours ago
- Business
- Yahoo
Coinbase Global, Inc. (COIN) Rises Higher Than Market: Key Facts
In the latest close session, Coinbase Global, Inc. (COIN) was up +1.8% at $394.01. This move outpaced the S&P 500's daily gain of 0.14%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%. The company's shares have seen an increase of 59.47% over the last month, surpassing the Finance sector's gain of 2.72% and the S&P 500's gain of 3.97%. The investment community will be closely monitoring the performance of Coinbase Global, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on July 31, 2025. The company is expected to report EPS of $0.84, down 21.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.53 billion, up 5.42% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.92 per share and revenue of $6.87 billion, indicating changes of -61.58% and +4.63%, respectively, compared to the previous year. Investors should also note any recent changes to analyst estimates for Coinbase Global, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.44% higher. At present, Coinbase Global, Inc. boasts a Zacks Rank of #3 (Hold). In terms of valuation, Coinbase Global, Inc. is presently being traded at a Forward P/E ratio of 132.46. This signifies a premium in comparison to the average Forward P/E of 11.95 for its industry. Investors should also note that COIN has a PEG ratio of 49.43 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Miscellaneous Services industry currently had an average PEG ratio of 1.01 as of yesterday's close. The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 141, positioning it in the bottom 43% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
Billionaire fund manager reveals two major red flags to avoid 90% of bad investments
Billionaire fund manager reveals two major red flags to avoid 90% of bad investments originally appeared on TheStreet. Billionaire fund manager Tim Draper has just shared his ultimate mantra to dodge bad investments. Well-known for his VC investments in Tesla, SpaceX, and Twitter, the Draper Associates founder recently warned against two red flags that he said discerning investors should avoid to save themselves from 90% of bad investments. The first red flag that Draper shared was a company following an easily imitable strategy. If one can Google more than 100 companies doing something similar, then it's a race to the bottom because someone will ultimately do it cheaper. The second red flag Draper revealed was regulation. He said he had seen the Securities and Exchange Commission (SEC) "kill" startups because they "might someday look like an exchange."Notably, the SEC really went after crypto trading platforms for alleged securities violations over the last few years. Prominent crypto exchanges such as Coinbase (Nasdaq: COIN), Kraken, Ripple, and Binance were not spared from the wrath of the federal securities regulator, which alleged that these platforms were offering unregistered crypto securities. These bitterly fought legal battles in the U.S. put a question mark on the status of leading crypto assets such as XRP, ETH, etc., as to whether they are securities or commodities. Since becoming the president in January 2025, Donald Trump has vowed to turn the U.S. into the "crypto capital of the world.' Taking their cue, the new SEC administration is retreating from an aggressive campaign waged by former Chair Gary Gensler. Both the administration and the industry seem to be working toward the shared goal of achieving increased regulatory clarity around crypto assets. Notably, the week of July 14th is 'Crypto Week' as the Congress considers the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. How these bills progress will be decisive in the future of crypto assets not only in the U.S. but in the world. Draper said entrepreneurs should have more freedom, and regulators should step in only when there's "an actual reason." However, there is also a legitimate concern around the administration letting crypto firms run afoul, given the fact that the First Family's involvement with multiple crypto ventures has often raised eyebrows. Billionaire fund manager reveals two major red flags to avoid 90% of bad investments first appeared on TheStreet on Jul 14, 2025 This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared.
Yahoo
9 hours ago
- Business
- Yahoo
Bitcoin Mining Stocks Lead Crypto Equity Gains After BTC Hits $122K
Bitcoin mining stocks led the gains among crypto equities in early trading on Monday after BTC raced to a new a all-time high just shy of $123,000 (it's since retreated a bit to just under $122,000). MARA Holdings (MARA) traded almost 10% higher at around $20.95 in the first hour after markets opened, while CleanSpark (CLSK) climbed just under 7.5% to $13.59. Fellow mining companies Core Scientific (CORZ) and Riot Platforms (RIOT) saw slightly more modest gains of 4%-5% in early trading. Away from the mining sector, other prominent crypto stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) were both about 3.75% higher, while Coinbase (COIN) and Circle (CRCL) gains were under 2%. Bitcoin had ascended to an all-time high of around $122,870 during the European morning, before dropping back to trade at about $121,700 as the markets opened in the U.S.
Yahoo
9 hours ago
- Business
- Yahoo
1 in 5 Americans eat chocolate daily. The same number own crypto
1 in 5 Americans eat chocolate daily. The same number own crypto originally appeared on TheStreet. On July 14, Coinbase (Nasdaq: COIN) launched a playful advocacy campaign to show that cryptocurrency needs to be made accessible to users and compliant with regulations. The campaign compares digital assets to something as easy as a candy bar. "1 in 5 Americans eat chocolate daily. The same number own crypto," the company posted on X, kicking off a multi-part ad blitz outside Capitol Hill. In bold blue wrappers, the bars read "Crypto is like a bar of chocolate," using a metaphor to address the absence of adequate regulation within the industry. Coinbase's X post said, "But while chocolate comes with clear labels, crypto's still missing clear rules of the road."Interestingly, each of the chocolate wrappers has a QR code that links to a simplified version of "crypto facts," a metaphor for the regulatory clarity that Coinbase proclaims the U.S. needs urgently. Further, on taking a closer look, the wrapper noted down fun statistics about crypto. Added to the post was a link saying 'Stand With Crypto.' On opening the page, it read, "Congress is writing the rules as we speak - but they won't vote YES until they've heard from you." The exchange said that 52 million Americans own cryptocurrency on its website, yet the future of regulation remains uncertain. While Congress is currently working on several significant bills, including the CLARITY Act and the GENIUS Act, Coinbase is asking users to reach out to their legislators directly. Currently, the Stand With Crypto Alliance has raised more than $206 million, has engaged 2.3 million users, and has sent more than 814,000 messages to policymakers. Founded in 2012, Coinbase is the largest crypto exchange in the U.S. 1 in 5 Americans eat chocolate daily. The same number own crypto first appeared on TheStreet on Jul 14, 2025 This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
10 hours ago
- Business
- Globe and Mail
JPM Mulls Over Monetizing Client Data: Will it Alter Fintech Business?
JPMorgan JPM has informed fintech firms that it will begin charging fees to access their clients' bank account details. This will likely amount to hundreds of millions of dollars in revenues for the company. This was reported by Bloomberg, citing people familiar with the matter. The bank has sent updated pricing sheets to data aggregators that facilitate the connection between banks and fintechs like PayPal Holdings Inc. 's PYPL Venmo, Coinbase Global Inc. COIN and Robinhood Markets, Inc. HOOD. The charges will differ based on how the data is used, with higher fees for payments-focused firms. The fees, which could be implemented later this year, depending on the outcome of a Biden-era regulation, are not yet final and could be negotiated. These charges would substantially reshape the business for fintech firms, including PayPal, Coinbase and Robinhood, which primarily rely on their access to customers' bank accounts and were able to access the same for free. The fees could be passed from data aggregators to fintech firms like PayPal, Coinbase and Robinhood, which would ultimately pass them on to consumers. Lower-income customers will be harmed by restricted access to these platforms, given higher fees. In some cases, JPMorgan's proposed fees would exceed the revenues certain companies earn from a single transaction by up to 10 times. JPMorgan is introducing data access fees to monetize client data, curb excessive third-party usage, and regain control amid regulatory uncertainty over open banking rules. 'We've had productive conversations and are working with the entire ecosystem to ensure we're all making the necessary investments in the infrastructure that keeps our customers safe,' a spokesperson for JPMorgan stated. JPMorgan's Price Performance, Valuation and Estimates JPMorgan shares have soared 19.7% this year, outperforming the S&P 500's gain of 5.9%. From a valuation standpoint, JPM trades at a 12-month trailing price-to-tangible book (P/TB) of 3.04X, above the industry average. The Zacks Consensus Estimate for JPMorgan's 2025 earnings implies a decline of 5.6% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 5.9%. In the past week, earnings estimates for 2025 and 2026 have been revised upward. JPM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report
