COIN edges lower amid lack of new company-specific catalysts, rich valuation debate
COIN
- COIN last traded around $269–270, slipping about 1–2% in the latest regular session.
- Recent article notes COIN is down ~1.1% over the last week and 15.5% over the last month.
- Simply Wall St’s Excess Returns model pegs fair value near $127.45, calling shares 111.6% overvalued.
- Despite that, COIN trades at a PE ~22–24x, described as about fairly priced versus industry on earnings.
- Major cryptocurrencies show sub‑3% 24h moves, suggesting COIN’s mild decline reflects valuation concerns more than a sharp crypto shock.