Is Coinbase Global Stock a Buy? [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Company Research
Source: Yahoo! Finance
Its revenue rose 112% year over year to $1.64 billion and beat analysts' estimates by $300 million. Its EPS of $4.40 also cleared the consensus forecast by $3.33 and improved from its net loss of $0.34 per share a year earlier. Coinbase's growth rates look healthy, but does its stock still have room to run after rallying more than 330% over the past 12 months? Let's review its recent tailwinds, upcoming challenges, and valuations to find out. The crypto winter is finally ending Coinbase generates most of its revenue from transaction fees, so it thrives when investors are actively trading cryptocurrencies. Its total revenue surged 514% in 2021 as stimulus checks, social media buzz, and a fear of missing out ( FOMO ) drove more investors to buy cryptocurrencies and other speculative investments. However, its revenue plunged 59% in 2022 as rising interest rates popped that bubble. Its revenue declined another 3% in 2023 as that so-called "crypto winter" dragged on. But over the p
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COIN
News
- The Mooch, Andrew Yang, and crypto's tipping point [Yahoo! Finance]Yahoo! Finance
- Bitcoin Breakout: 2 Top Ranked Stocks for the Next Leg Higher [Yahoo! Finance]Yahoo! Finance
- The Mooch, Andrew Yang, and crypto's tipping point [Fortune]Fortune
- Fund Managers Brace for SEC Rejection of Ether-ETF Applications [Yahoo! Finance]Yahoo! Finance
- Fund Managers Brace for SEC Rejection of Ether-ETF Applications [BNN Bloomberg (Canada)]BNN Bloomberg
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- COIN's page on the SEC website