Coinbase drops 12% after earnings, heads for worst day in more than a year [MSNBC.com]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
convertedorganic.com
Company Research
Source: MSNBC.com
Devin Ryan, an analyst at JMP Securities, chalked it up to a temporary unwind in crypto-related names and called it an opportunity for longer-term focused investors in Coinbase and Robinhood."There is a lot that's going to happen here over the next couple months – [like] the U.S. election [and] ramifications of that – that will be become the much bigger story for the space, not to mention the recent appreciation in crypto prices and volume could put upward pressure on fourth-quarter revenue if the trend continues over the next two months," said Ryan, who has an outperform rating on Coinbase."Near-term, people will have to recalibrate a bit in their models for the blended take rate assumption," or the percentage of revenue Coinbase keeps from a transaction, he said. "Nothing structural occurred here, but as stablecoin trading volume has increased, that comes at a lower spread, and the fourth-quarter implied revenue guide was a bit soft."Owen Lau, an analyst at Oppenheimer with a buy ra
Show less
Read more
Impact Snapshot
Event Time:
COIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
COIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
COIN alerts
High impacting Coinbase Global, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
COIN
News
- COIN Investors Have Opportunity to Lead Coinbase Global, Inc. Securities Fraud LawsuitPR Newswire
- Coinbase drops 15% after earnings, posts worst day in more than two years [MSNBC.com]MSNBC.com
- Coinbase Global, Inc. (NASDAQ: COIN) had its price target raised by analysts at Barclays PLC from $175.00 to $204.00. They now have an "equal weight" rating on the stock.MarketBeat
- Midday stock movers: Carvana, Meta Platforms, Coinbase [Yahoo! Finance]Yahoo! Finance
- Coinbase slumps 10% after missing key Q3 earnings targets [Fortune]Fortune
COIN
Earnings
- 10/30/24 - Miss
COIN
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/29/24 - Form 4
- COIN's page on the SEC website