Buy The Dip On This Blockchain Stock [Forbes]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
convertedorganic.com
Company Research
Source: Forbes
COIN's recent setback could be short-lived, if past is precedent, as the equity approaches a historically bullish trendline. Per data from Senior Quantitative Rocky White, COIN has come within one standard deviation of its 50-day moving average, after spending a lengthy amount of time above it. COIN has seen three similar signals in the past three years, after which it was higher one month later 67% of the time, averaging an impressive 11% gain. From its current perch of $212.27, a move of similar magnitude would put the shares at roughly $235.61. Daily COIN with 50MA A short squeeze could help fuel the bounce back. Short interest fell 10% in the two most recent reporting periods, yet the 11.63 million shares sold short accounts for a healthy 6.3% of COIN's total available float. And despite the recent drawdown, the security is up 22% in 2024, so a rally could prompt analysts to shift their tune; 12 of the 20 in coverage maintain “hold” or worse ratings. Options are the prefer
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COIN
News
- Will Higher Trading Volume Aid Coinbase (COIN) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Binance founder Changpeng Zhao sentenced to four months in prison [Verge, The]Verge, The
- X10 Launches Hybrid Crypto Exchange Backed by $6.5M Funding [Yahoo! Finance]Yahoo! Finance
- Stripe Just Opened $1 Trillion Market to Crypto [Yahoo! Finance]Yahoo! Finance
- Lido Finance Achieves Milestone of One Million Ethereum Validators [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 2/15/24 - Beat
COIN
Sec Filings
- 4/29/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form ARS
- COIN's page on the SEC website