Coinbase Rockets to a 52-Week High—But Is It ‘Buy Buy’ or ‘Bye Bye’?

orsiri
06-27

The $400 question no one’s answering properly (until now)

Coinbase (COIN) just charged past its previous ceiling to notch a fresh 52-week high of $382, sparking cheers from crypto optimists and winces from short sellers. At the time of writing, COIN closed at $375.07, up 5.54% on the day, and up nearly 75% over the past year. The real question for investors: is this a FOMO moment or a smart entry point? Should we be chasing the breakout, or is the rally running on borrowed time?

Let’s dig into the data, the drama, and the delightful possibility that $400 is only the halfway point—not the top.

New Highs and Old Habits: The Breakout Case

COIN towers into new highs—crypto's Wall Street moment?

There’s no doubt about it—$Coinbase Global, Inc.(COIN)$ has momentum. Volume surged to over 27 million shares traded, more than twice its average, as the breakout through $355 resistance morphed into a full-blown melt-up. And with Bitcoin stabilising around the $65k–$70k range and institutions warming up to crypto again (hello, ETFs), COIN is getting a powerful second wind.

Here's what many investors might miss: the correlation between Coinbase’s price action and institutional flows into crypto markets is tighter than ever. Coinbase isn’t just riding the Bitcoin tide—it is the tide for U.S.-based institutions needing a compliant and liquid on-ramp. With BlackRock and others now embedding Coinbase custody and infrastructure into their crypto offerings, the company's moat is deepening. Coinbase has quietly become the plumbing of institutional crypto in the West.

Even more intriguing? Coinbase’s 5-year return stands at a paltry 1.56%—yes, really. That means many funds still view this as a turnaround story, not a runaway success. In other words, there’s room for re-rating if profits prove sustainable.

Wait… 70x Earnings? Is This a Joke?

Not quite. With a trailing P/E of 70.37 and a PEG ratio north of 100, COIN’s valuation doesn’t exactly scream ‘bargain.’ But this isn’t your typical tech stock. Coinbase is straddling the worlds of finance, software, and speculation—and pricing that is inherently fuzzy.

Yes, quarterly earnings growth cratered 94.4% year-on-year, which sounds horrific until you realise they were lapping an unusually strong Q1 2024 during the Bitcoin ETF launch frenzy. The bigger picture? COIN posted a 22% profit margin and still generated $1.96 billion in operating cash flow over the last twelve months. That’s no meme.

Moreover, $Coinbase Global, Inc.(COIN)$ holds over $8 billion in cash versus $4.6 billion in debt, and it runs a healthy current ratio of 2.52. It’s not just alive—it’s thriving under the hood, even with volatile revenue cycles.

Chasing or Pacing? My Take on the Timing

This is where things get nuanced. If you’re a long-term investor, I don’t think you need to stress about whether COIN hits $400 next week or next month. The more relevant question is whether you believe in crypto’s integration into mainstream finance—and whether Coinbase will continue to be the rails that make that possible.

One look at the price channel and volume profile tells you everything: this breakout isn’t just loud — it’s clearing old resistance like it never existed.

Volume fades, price roars — Coinbase breaks out with conviction

Personally, I wouldn’t mind starting or adding here in small tranches, because chasing momentum with discipline can still pay off. The stock is now trading more than '55% above' its 50-day moving average—a nosebleed stat, but also a sign of strength in a bull phase. The 200-day MA? A distant memory down at $235.

Short interest is only 5.76% of float, and the short ratio is a mere 0.87. That means there’s not much dry powder left for a proper squeeze—but also that most sceptics have already been flushed out. The next move higher will likely need fundamental fuel.

Earnings in late July could be the next catalyst—or landmine. For now, there’s a strong case that this is a 'refresh' rather than a ‘blow-off.’

$400? Tempting Target or Trap?

Psychologically, $400 is a juicy round number, and we’re only 6.6% away. But it’s not just about sentiment. Hitting and holding $400 would mean $Coinbase Global, Inc.(COIN)$ is approaching a $100 billion market cap—territory that brings in a new class of investors (and headlines).

The bigger question is whether it can sustain that valuation. Given the 498% return over three years, you could argue the market is already baking in hypergrowth. But keep in mind: in that same period, COIN’s multiple has compressed from a nosebleed IPO peak to something… semi-rational. Not cheap, but no longer delusional.

And here’s the surprise insight many miss: 'Coinbase’s revenue per share is $26.65', and yet its book value per share is just $41.12. This is no longer a pre-profit hopeful—it’s a platform with real earnings, a fortress balance sheet, and optionality galore. If crypto enters a proper adoption phase, COIN isn’t expensive. It’s early.

Tipping point: is $400 still just the beginning?

Buy Buy, But Don’t Blindfold Yourself

Coinbase at $375 might feel like buying $Tesla Motors(TSLA)$ at $800 or $NVIDIA(NVDA)$ at $900. Risky? Yes. Premature? Possibly. But also potentially brilliant if the growth narrative keeps unfolding. I wouldn’t go all-in today, but I do believe COIN belongs on the radar—if not already in the portfolio.

This is not the end of the move, but the start of a new phase. $400 is doable, and if Q2 earnings impress, we might be asking $500 when? sooner than expected. So for now, I’m leaning ‘buy buy,’ not ‘bye bye’—with an eyebrow raised and a finger near the risk switch.

Just don’t bet the crypto farm.

@TigerStars @Daily_Discussion @Tiger_comments @Tiger_SG @Tiger_Earnings @TigerClub @TigerWire

Coinbase Goes Parabolic — Finally Time to Past $400?
Coinbase Global’s stock surged to a 52-week high of $382.6, pushing its market cap to an impressive $96.79 billion — a major milestone for the leading crypto exchange. Coinbase has announced a partnership with Perplexity AI to provide real-time crypto data for traders, enhancing its market analysis capabilities. The AI + crypto combo is changing how we access information! What’s your take on Coinbase’s latest move? Do you think Coinbase stock has more room to climb? Between Perplexity and Coinbase, who do you think will lead the next wave of tech-finance innovation?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • AL_Ishan
    06-27
    AL_Ishan
    Bro… COIN printing like it’s Doge in 2021 😂 I missed the $200 ride but ngl, this still feels early. Might throw in a small bag for fun. 🚀🎮
    • orsiri
      $200 feels like a lifetime ago 😂 But hey, with $8B in cash and ETF tailwinds, small bag = big potential 🎒🔥
    • orsiri
      Fun-sized bags sometimes deliver full-sized wins 😎📦 $Coinbase Global, Inc.(COIN)$ isn’t just vibes—it’s crypto’s institutional plumbing now!
    • orsiri
      Haha totally! 🚀 Not Doge-level chaos, but COIN’s got real cash flow and custody clout now. Could still be early innings! 📈
  • Kristina_
    06-27
    Kristina_
    COIN at $375 feels wild—but if crypto’s the future rails of finance, Coinbase might be Apple in 2008. Not chasing, but definitely watching. 👀📲
    • orsiri
      Love the Apple 2008 comp! 🍏📲 If crypto's the new iPhone moment, $Coinbase Global, Inc.(COIN)$ could be the App Store of it all—still loading updates! 🚀
    • orsiri
      Fair call—valuation’s spicy 🌶️ but if COIN stays the rails for ETFs + custody, it might justify a higher station soon 🚉📊
    • orsiri
      Not chasing makes sense 🧠 But watching closely? Very wise 👀 July earnings could be the next launchpad—or reality check 🚀🪂
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