Tržna kapitalizacija
24h Volumen
20436
Kriptovalut
59.81%
Bitcoin Delež

Coinbase stock dips on worse than expected Q2 loss. MTUs fall in July

Coinbase stock dips on worse than expected Q2 loss. MTUs fall in July


Seeking Alpha
2022-08-10 12:05:26
Coinbase stock dips on worse than expected Q2 loss. MTUs fall in July

Coinbase Global (NASDAQ:COIN) dropped 4.9% in Wednesday premarket trading after the cryptocurrency exchange posted worse-than-expected Q2 results and disclosed that its number of monthly transacting users dropped to 8M in July from 9M in Q2.Q2 revenue, trading volume, and assets on its platform fell short of Street estimates, BTIG analyst Mark Palmer wrote in a note to clients. The company posted a Q2 net loss of $1.09B compared with a $430M loss in the previous quarter.However the amount of Coinbase's (COIN) cash burn during the quarter "did not set off alarm bells," Palmer said. Also management pointed out in the conference call that the massive exit of retail investors from its platform that some had feared hadn't materialized.Palmer reiterates his Buy rating on COIN and reduced his price target to $220 from $290.Oppenheimer analyst Owen Lau explains it this way: "We believe the crypto fallout in 1H22 has shaken out many tourists. The remaining investors are long term believers in the stock/digital assets, forming a strong base and are less sensitive to near term volume."He has an Outperform rating and points to the company's diversification into building out the Web3 infrastructure. "We have been emphasizing that Coinbase (COIN) is more than just a trading platform; it is an enabler for digital asset adoption," he said in a note to clients.Note that in May the SA Quant system warned that Coinbase (COIN) had a high risk of ...

Najbolj brane novice

Sorodne novice


Preberite izjavo o omejitvi odgovornosti : Vsa vsebina, ki je na voljo na našem spletnem mestu, spletnih mestih s hiperpovezavami, povezanih aplikacijah, forumih, blogih, računih družbenih medijev in drugih platformah (»mesto«) je samo za vaše splošne informacije in je pridobljeno iz virov tretjih oseb. Ne dajemo nobenih jamstev v zvezi z našo vsebino, vključno, a ne omejeno na točnost in posodobljenost. Noben del vsebine, ki jo nudimo, ne predstavlja finančnega nasveta, pravnega nasveta ali katere koli druge oblike nasveta, ki je namenjen vašemu posebnemu zaupanju v kateri koli namen. Kakršna koli uporaba ali zanašanje na našo vsebino je izključno na lastno odgovornost in po lastni presoji. Izvedite lastno raziskavo, pregledajte, analizirajte in preverite našo vsebino, preden se zanesete nanjo. Trgovanje je zelo tvegana dejavnost, ki lahko povzroči velike izgube, zato se pred kakršno koli odločitvijo posvetujte s svojim finančnim svetovalcem. Nobena vsebina na našem spletnem mestu ni mišljena kot nagovarjanje ali ponudba.