COIN Stock Trading at a Premium to Industry at 96.60X: Should You Buy?

Coinbase Global Inc (COIN) shares are trading at a premium to the Zacks Financial Transaction Service Market. Its 12-month forward price-to-earnings of 96.60X is much higher than the industry average of 24.12X, the broader sector's 25.59X and the Zacks S&P 500 composite's 22.27X. Its Value Score of F suggests that the stock is not so cheap and indicates a stretched valuation at this moment. COIN, America's largest registered crypto exchange, has a market capitalization of $54.7 billion. The average volume o ...