COIN PE is based on the 3 quarters of negative earnings and Q4 of $1.02 during 2023
This explains why the PE is currently high
Q1 earnings should be more than double Q4 based on trading volumes verified by simple google searches and several analytics
2024 should really be an outstanding year for Coinbase !
What’s more, I see $500-600 this year easy
Bears know this, but point to the high P/E so they can justify that their decision to short that likely caused them losses wasn’t completely crazy.
BTW, COIN has come to rest smack dab in the middle of the Linear Regression Channel, indicating rising support, now at the 243 level. Keep your eyes on this..If coin continues in a wave like pattern, it could climb to 320..
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- CarterSilas·04-11(COIN)$ is really quite impressive leh!LikeReport