Is Coinbase a No-Brainer Stock to Buy Right Now? [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
gain of 116% in the first quarter (ended March 31). And in stunning fashion, it produced $1.2 billion in net income, translating to a fantastic margin of 74%. Skyrocketing crypto prices are undoubtedly benefiting this business, whose shares have jumped 558% since the start of 2023. But with the top cryptocurrency stock still trading 35% below its peak price, you might be wondering if Coinbase is a no-brainer buy right now. Strong momentum Coinbase makes its money chiefly from facilitating cryptocurrency transactions for consumers and institutions, earning a fee in the process. Revenue here was up almost threefold from the 2023 first quarter. It helps that the overall crypto market has gained 119% in value over the past 12 months. And executives like to point out that increased volatility also provides a boost. The company is finding success in different products, like its Coinbase Prime offering for institutional investors and Coinbase One for retail traders. And with an ong
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News
- How Nvidia is boosting crypto 'DePin' projects like Akash to show AI isn't a bubble [Yahoo! Finance]Yahoo! Finance
- CoinDCX acquires BitOasis in international expansion push [Yahoo! Finance]Yahoo! Finance
- Institutional cash inflow is poised to change bitcoin markets, per analyst [Yahoo! Finance]Yahoo! Finance
- CoinDCX acquires BitOasis in international expansion push [TechCrunch]TechCrunch
- Coinbase lands $32.5 million U.S. government crypto contract [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 7/3/24 - Form 4
- 7/3/24 - Form 4
- 7/2/24 - Form 4
- COIN's page on the SEC website