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Does Coinbase stock rise late on earnings beat?

Coinbase Stock Surges Late On Earnings Beat. Cathie Wood Bet Pays Off. Fiscal Q1 2023 ended 3/31/23. Reported on 5/4/23. Measures how much net income or profit is generated as a percentage of revenue. Represents the company's profit divided by the outstanding shares of its common stock. Fiscal Q1 2023 ended 3/31/23. Reported on 5/4/23.

Does Coinbase have a fair value estimate?

Meanwhile, net income increased to $36 million from a loss of $97 million last year, though this includes $248 million in after-tax losses on the firm's cryptocurrency investment portfolio. As we incorporate these results, we do not plan to materially alter our $130 fair value estimate for Coinbase. COIN is trading at a 233% premium.

Why is Coinbase so volatile?

Cryptocurrency markets have historically been deeply cyclical with long periods of low prices and depressed trading volume. This adds considerable volatility to Coinbase’s revenue flow. Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States.

La première plateforme de trading de cryptomonnaies au monde

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