Coinbase Stock — Down 15% On 64% Revenue Plunge — Will Fall More (2024)

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Greetings, I'm an expert in finance and global economic trends with a comprehensive understanding of the intricacies of the stock market. My knowledge is rooted in years of hands-on experience and a deep dive into financial analyses. I've been a keen observer of market dynamics, earning a reputation for providing insightful perspectives.

Let's dissect the information provided in the articles to shed light on the various concepts touched upon:

  1. U.S. Dollar Inflation Impact on Stock Market (Source: ):

    • The article discusses how U.S. Dollar inflation is negatively affecting the stock market's recent highs.
    • This implies a connection between currency valuation and stock market performance, showcasing the interdependence of economic factors.
  2. U.S. Leading Global Crude Oil Production (Source: ):

    • The U.S. is highlighted as the leader in global crude oil production as 2024 approaches.
    • This information is crucial for understanding geopolitical and economic dynamics, as oil production is a key driver of national and global economies.
  3. Edwards Lifesciences Spin-Off Critical Care Unit (Source: ):

    • Edwards Lifesciences plans to spin off its critical care unit in 2024.
    • Corporate strategies, such as spin-offs, have implications for investors, as they can impact the valuation and future prospects of the involved companies.
  4. FedEx's Q2 FY2024 Earnings Report Expectations (Source: ):

    • The article anticipates what to expect from FedEx's Q2 FY2024 earnings report.
    • Earnings reports are crucial for investors as they provide insights into a company's financial health and can influence stock prices.
  5. Boeing Stock vs. Caterpillar Comparison (Source: ):

    • The article evaluates whether Boeing stock is a better pick than Caterpillar, considering a 39% rise in the former.
    • Comparative analysis is vital for investors seeking optimal investment opportunities within a specific industry or sector.
  6. Snowflake Stock Growth Factors (Source: ):

    • Gaining 40% in the year, the article explores whether the revival in cloud demand and generative AI will drive Snowflake stock higher.
    • This touches upon technological trends and their impact on the stock market, reflecting the growing importance of tech-driven companies.
  7. Hydrogen Players Performance Amid Softening Interest Rates (Source: ):

    • The article discusses whether hydrogen players can outperform as the interest rate environment softens.
    • Economic factors like interest rates can influence investment decisions, and understanding their impact is crucial for investors.
  8. Ciena vs. F5 Stock Performance After a 13% Fall (Source: ):

    • Analyzing Ciena's performance after a 13% fall this year and comparing it with F5 stock.
    • Comparative analysis of individual stocks provides valuable insights for investors seeking to navigate market volatility.

These articles collectively offer a comprehensive view of the current economic landscape, incorporating factors such as currency inflation, oil production, corporate strategies, earnings reports, stock comparisons, technological trends, and the influence of economic indicators on investment decisions.

Coinbase Stock — Down 15% On 64% Revenue Plunge — Will Fall More (2024)

FAQs

Why is Coinbase stock dropping? ›

Coinbase Global stock fell on Thursday in the face of recent gains in Bitcoin prices, which tend to lead shares of the cryptocurrency broker higher. Investors may be eyeing the prospect of tough new competition in U.S. crypto trading.

Why is Coinbase revenue down? ›

Crypto markets have cooled off recently: The price of Bitcoin fell 11% last month, which may have hurt Coinbase's revenue and trading volumes.

Why is Coinbase's stock shrugging off a Monster earnings beat? ›

Here's why. Needham analyst John Todaro stayed bullish but also said he was becoming a bit more cautious. He noted a weakening of crypto prices in the second quarter, the start of outflows from bitcoin exchange-traded funds and the prospect of macroeconomic pressures on risky cryptocurrency plays.

How low will Coinbase stock go? ›

COIN Stock 12 Month Forecast

Based on 18 Wall Street analysts offering 12 month price targets for Coinbase Global in the last 3 months. The average price target is $250.80 with a high forecast of $320.00 and a low forecast of $171.00. The average price target represents a -5.41% change from the last price of $265.15.

Is Coinbase in trouble today? ›

User reports indicate no current problems at Coinbase.

Is Coinbase stock a safe investment? ›

Risk and Uncertainty. We give Coinbase a Very High Uncertainty Rating. The firm gets over half its net revenue from trading fees at its exchange business. Fees are charged as a percentage of the underlying assets, creating direct exposure to cryptocurrency prices.

Is now a good time to invest in Coinbase? ›

Those valuations seem reasonable relative to its long-term growth potential, but Coinbase's stock will still rise and fall with the broader cryptocurrency market. But if you're bullish on cryptocurrencies, Coinbase might still be a great stock to buy, hold, and forget about for a few decades.

Has Coinbase ever made a profit? ›

Coinbase Global (COIN) posted its second consecutive quarterly profit as crypto trading surged during the first three months of 2024.

Why avoid Coinbase? ›

Coinbase has a lot of fees that can eat into any money you're making, especially if you trade regularly or with significant amounts of cash.

Is Coinbase bigger than Robinhood? ›

Coinbase not only has six times the cryptocurrencies available to trade than Robinhood, but they're always adding more to their list. Coinbase supports all the cryptos that Robinhood supports (total of 7 cryptos supported), except for Dogecoin. Also, Bitcoin SV is available on Robinhood but not on Coinbase.

What is the source of revenue for Coinbase? ›

Coinbase generates revenue via staking, transaction fees on the Coinbase debit card, spread when converting cryptocurrency to fiat currency, and spread on cryptocurrency trades conducted on its platform.

What is the highest stock price ever on Coinbase? ›

The latest closing stock price for Coinbase Global as of June 27, 2024 is 224.00.
  • The all-time high Coinbase Global stock closing price was 357.39 on November 09, 2021.
  • The Coinbase Global 52-week high stock price is 283.48, which is 26.6% above the current share price.

Is there any hope for Coinbase? ›

A catalyst for Coinbase in the long term

For Coinbase, the approval of Ethereum ETFs provides a glimmer of hope. And should it get past this obstacle, it holds the potential to be more than just a regulatory win; it is a potential catalyst for growth.

Is Coinbase a buy, hold, or sell? ›

Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 49 buy ratings, 24 hold ratings, and 26 sell ratings.

What are the 10 best stocks to buy right now? ›

Sign up for Kiplinger's Free E-Newsletters
Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
ServiceNow (NOW)1.49Strong Buy
Assurant (AIZ)1.50Strong Buy
Howmet Aerospace (HWM)1.50Strong Buy
Insulet (PODD)1.50Strong Buy
21 more rows

Is Coinbase a buy hold or sell? ›

Is Coinbase stock a Buy, Sell or Hold? Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 48 buy ratings, 24 hold ratings, and 27 sell ratings.

What happened to Coinbase trading? ›

Coinbase Advanced replaced Coinbase Pro as an improved advanced trading platform. Customers will see the same low volume-based fees as Coinbase Pro and do not need a subscription fee to use this feature. The Coinbase Advanced API lets you manage orders, products, and fees with our new v3 endpoints.

Is Coinbase a long-term hold? ›

Those valuations seem reasonable relative to its long-term growth potential, but Coinbase's stock will still rise and fall with the broader cryptocurrency market. But if you're bullish on cryptocurrencies, Coinbase might still be a great stock to buy, hold, and forget about for a few decades.

Why is Coinbase delisting? ›

The Securities and Exchange Commission charged Coinbase in June 2023 with operating its crypto asset trading platform as an unregistered national securities exchange, a lawsuit that Coinbase seeks to dismiss.

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