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Some Wall Street analysts have price targets as low as $42, representing a nearly 50% projected loss from current levels, even after the stock has dropped over 69% year to date.
Just a year ago, Coinbase Global (NASDAQ: COIN) was trading around $75 per share. Fast-forward to today, and it has seen a major surge, climbing to roughly $210. Fast-forward to today, and it has ...
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The jump was attributed to the increase in the price of bitcoin over that period. [77] On April 14, 2021, Coinbase became a public company on the Nasdaq exchange via a direct stock listing. [78] [33] [79] Before the listing, Nasdaq set a reference price of US$250 a share, giving the company an estimated value of US$47 billion. [80]
Other cryptocurrencies' prices also sharply rose, then followed by losses of value during this period. In May 2021, the value of Dogecoin, originally created as a joke, increased to 20,000% of value in one year. [37] It then dropped by 93% shortly after. [38] By 19 May, Bitcoin had dropped in value by 30% to $31,000, Ethereum by 40%, and ...
It is still far from an all-time high of $68,789 set in 2021, a year it benefited from a period of low interest rates and fiscal stimulus that put excess savings in the pockets of investors.
(Reuters) -Coinbase Global on Thursday posted its first quarterly profit since 2021 on sturdy trading volumes due to a resurgence of interest in crypto, sending its shares up nearly 13% after the ...
Ehrsam served as Coinbase's first President. [10] In January 2017, he announced he was leaving the company, but would remain on its board. [ 9 ] He also reportedly still owned 8.9% of Coinbase stock as of April 2021, and was assigned to the company's audit committee before its April 2021 public offering.