Will COIN Rebound or Plunge After Earnings?

Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit. ------------ What's your target price for Coinbase? At what price would you buy the crypto stocks?

avatarorsiri
05-01

Cracking the Crypto Code: MSTR and COIN Unveiled

Bitcoin Illuminates Future: Cryptocurrency and Technology Convergence Ah, the wild world of crypto and its quirky companions - MicroStrategy ($MicroStrategy(MSTR)$) and Coinbase ($Coinbase Global, Inc.(COIN)$). Strap in, dear investors, for this rollercoaster ride of financial frolics! Decoding MSTR: More Than Meets the Bitcoin Let's kick off with MSTR, the Bitcoin belle of the ball. Picture this: a business intelligence firm with a Bitcoin binge habit. Yes, you heard me right - they're like that friend who's always telling you about the latest crypto craze. But here's the twist - MSTR is also a software wizard making money from non-Bitcoin sources. It's like juggling oranges and lemons while balancing o
Cracking the Crypto Code: MSTR and COIN Unveiled

Why I Can't Get More MARA shares

$Marathon Digital Holdings Inc(MARA)$ latest production report is a mixed bag, but for a long-term investor like myself, the positives outweigh the short-term dip in monthly production. Here's why I remain bullish on MARA. While April's production dipped slightly compared to March, it still represents a 21% year-over-year increase. This growth is impressive, especially considering the recent Bitcoin halving event that inherently reduces miner rewards. Marathon managed to increase its average operational hash rate by 15% in April. This translates to a more efficient mining operation, squeezing out more production per unit of energy consumed. Another bright spot is the surge in transaction fees as a percentage of total revenue. This indicates increa
Why I Can't Get More MARA shares

My Watchlist [92]: COIN... Down to 168.40?

Hi everyone. After a long break, I will be initiating coverage on a cryptocurrency exchange: Coinbase Global, Inc. (NASDAQ: COIN) On the weekly timeframe, we’ve seen this setup before. It is a massive rounding bottom setup. We’re currently in the midst of a consolidation phase before making the next leg higher, and that’s the focus of today’s newsletter. On the daily timeframe, COIN is trading in a bullish descending channel that is likely to find support at the 168.40 daily imbalance as well as the blue Oct’23 ascending trendline. It has currently retraced about 50% of its move up from 114.51 (most recent swing low) to 283.48 (most recent swing high). However, an analysis of the past 4 swings to the upside suggests that COIN retraces at least 61.8% of its moves up, which places minimal
My Watchlist [92]: COIN... Down to 168.40?
Between $MicroStrategy(MSTR)$ and COIN, I'd pick COIN for the following reasons: 🍀 MSTR is not good at its day job compared to peers in the industry, making huge losses. If price of Bitcoin hovers at current levels, MSTR's profitability will be heavily impacted. 🍀 COIN on the other hand, has been PROFITABLE since 4 quarters ago and has been beating analyst's estimates for the most recent 4 quarters.🎉🎉🥳🥳 It EARNS MONEY 💸 💰 🤑 through TRADING FEES from both buy and sell transactions. 🍀 Reported in Feb 2023 - the interest on reserves backing USDC are a MAJOR SOURCE OF REVENUE for Coinbase, which has been able to pocket higher income because of the Federal Reserve's higher interest rates. Overall, the company reported a profit of $273.4 million,

[Stock Prediction] How will COIN close Friday 03/05 following their earnings?

Click to vote. Guess how $Coinbase Global, Inc.(COIN)$ will close Friday 03/05 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.Coinbase is set to share its financial performance for the first quarter of 2024. Coinbase has surpassed EPS estimates for the last four quarters, and wall-street analysts expect this trend to continue this week. Coinbase gains from improving customer activity. Crypto prices have aided trading revenue, yet may remain volatile, with volume staying elevated post 1Q acceleration.Analysts expect Coinbase’s revenue to come in at $1.3 billion and adjusted net income to be $292 million. Adjusted earnings are likely to be $1.123 per share, according to Bloomberg's unanim
[Stock Prediction] How will COIN close Friday 03/05 following their earnings?

Q: What is MicroStrategy 2024/Q1 Earnings Preview?

TigerGPT Answer: 【Forecast Data】 The financial forecast data for MicroStrategy this quarter includes an earnings per share (EPS) estimate of $0.34, total revenue estimate of $121.725 million, and EBIT estimate of $18.57 million. Compared to the same period last year: - EPS has changed from $30.59 to $0.34, which is a significant decrease of approximately 98.89%. This drastic change is likely due to extraordinary items affecting the previous year's EPS. - Total revenue is forecasted to decrease slightly by 0.16% from $121.915 million to $121.725 million, indicating a relatively stable revenue stream. - EBIT has changed from -$2.752 million to $18.57 million, which is a substantial improvement, moving from a loss to a profit in the EBIT measure. The
Q: What is MicroStrategy 2024/Q1 Earnings Preview?

🎁Q1-24 EPS Weekly: AMZN, LLY, NVO, QCOM & More Higher EPS Estimates

😀Hi Tigers,We invite you to take a closer look at the possible winners by EPS in the Q1 earnings season.In this post, we have highlighted the top 20 stocks by market capitalization with an estimated higher EPS ahead of their earnings in the period from April 29 to May 3.1.Why EPS Matters?Earnings per share(EPS), refers to the income per share brought to investors/shareholders in the open market.EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.Investors like companies with high profitability, and the market always rewards those earnings results that beat the estimates. Hope the following content helps you learn more about good companies.2.Weekly List of Stocks with Estimate
🎁Q1-24 EPS Weekly: AMZN, LLY, NVO, QCOM & More Higher EPS Estimates

Trading Strategies: .SPX, COIN, NVDA, AAPL& AMZN

Hello everyone! Today I want to share some trading strategies with you! Hope it can help you!1.High Probability $NVIDIA Corp(NVDA)$ Bounce Trade that Paid 500%+ Explained 👇 Leading into last Monday, $NVIDIA Corp(NVDA)$ had dropped over 200 pts since early March. On the daily chart it was oversold in the short term. After NVDA held a higher low on Monday at 764 and reclaimed 770, this was the first entry point for calls. I took the NVDA 810C at $11.00 and they eventually ran to $70+ by Friday. The next best entry point was NVDA near 800. NVDA ran to 840 by Wednesday. We saw a sell off on Wednesday but after NVDA reclaimed 800 on Thursday this was again another entry point for NVDA and it closed near 829. N
Trading Strategies: .SPX, COIN, NVDA, AAPL& AMZN
avatarYNWIM
05-06

MSTR: Huge Potential to Buy!

$MicroStrategy(MSTR)$ The short squeeze is just ₿eginning. MSTR is expected to reach $2,500 in the next three to six months. Many investors hold MSTR shares for the long term and are not day traders like Kelley; nor is it necessary. Holding MSTR over long stretches is justifiable if ₿itcoin's trajectory continues its upward trend over the years, as MSTR's value is likely to follow. In my view, MSTR has the potential to surpass ₿itcoin's performance due to a deserved higher multiple over its ₿itcoin assets.To say that MSTR is solely a trading stock is an oversimplification, and to a true believer in ₿itcoin, absurd.Longs might appreciate the liquidity that day traders provide or appreciate the occasional short squeeze that
MSTR: Huge Potential to Buy!

Trend Charts: COIN, GOOG, PANW, QQQ, ANF, BTC& WING

Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Wingstop(WING)$ Fundamental Trader: "153x earnings for a chicken wing restaurant is INSANE! No way I'm buying that."Technical Trader: "Ascending triangle breakout in a strong uptrend, looks solid for a long trade."Image $Bitcoin(BTC.USD.CC)$ having some trouble with the 50 day SMA BTC Meanwhile, we have quite the TTM Squeeze building behind the scenes. 🍋Image $Abercrombie & Fitch(ANF)$ CEO of Abercrombie & Fitch, Fran Horowitz, sold $44.2M in shares this month after the stock ran over +400% in less than a year.This was her largest s
Trend Charts: COIN, GOOG, PANW, QQQ, ANF, BTC& WING
$MicroStrategy(MSTR)$  $Coinbase Global, Inc.(COIN)$   $CleanSpark, Inc.(CLSK)$  $Marathon Digital Holdings Inc(MARA)$  $Riot Blockchain, Inc.(RIOT)$   Once again, bearish on these stocks over the next few days. To clarify, I don't  short stocks. And to take profits when yall can. 🫶🫶🫶🫶🫶 🌻🌻Given these few days of uncertainties leading up to the next FOMC meeting on 30th April and 1st May, I do not hold any stocks and just trade options for the time being. Pictured here are my returns from options trading, though s
avatarKYHBKO
04-28

Earnings of the week 29Apr24 - Coinbase Rally?

Earnings Calendar (29 Apr 2024) There are a few earnings of interest in the coming week. Some of these companies include SOFI, Amazon, PayPal, AMD, Coca-Cola, Starbucks, Qualcomm, MasterCard, Apple and Coinbase let us look at Coinbase in detail. Observations: The revenue of Coinbase grew from $534 million in 2019 to $3.194 billion in 2022 The company ended 2022 with an operating loss of $2.67 billion. The 10-year median margin for gross profit is at an impressive 84.2%. However, the P/E ratio is over 600 based on its current price. The stock price has grown over 339% in one year. It hit a recent all-time high in March and seems to be ranging sideways. Investing has a neutral rating for the stock and has a target price of $233. For the coming earnings, Coinbase has a forecast of 1.01
Earnings of the week 29Apr24 - Coinbase Rally?
$Coinbase Global, Inc.(COIN)$   Beautiful trade today. [Miser]  

Q: What is Coinbase Global, Inc. 2024/Q1 Earnings Preview?

TigerGPT Answer: 【Forecast Data】 The financial forecast data for Coinbase Global, Inc. (COIN) this quarter includes an earnings per share (EPS) estimate of $0.97, total revenue estimate of $1,317,516,470, and EBIT estimate of $339,847,620. Compared to the same period last year, the EPS has increased significantly from -$0.34 to $0.97, indicating a turnaround from a loss to a profit. Total revenue is expected to increase by approximately 70.5% from $772,529,000, and EBIT is expected to improve from a loss of $123,875,000 to a profit of $339,847,620, which is a substantial improvement in operating performance. 【Quarterly Important News】 Key news over the past quarter includes concerns about cryptocurrency funds experiencing outflows due to fears of a
Q: What is Coinbase Global, Inc. 2024/Q1 Earnings Preview?
avatarXiia
04-29
$Coinbase Global, Inc.(COIN)$ Coinbase disclosed during the Q4 call that it booked $320 million in transaction fees through Feb 13 The data online shows that was based on roughly $76 billion in trading volume The remainder of the quarter shows $177.6 billion in transactionsOf the fees are close to the same, this would then reflect approximately $747 million in additional revenue Combined with what was disclosed and the math forward, I calculate $1.067 billion in revenue from transaction fees alone from trading Subscription services last quarter totaled $375 million up 12% from the previous quarter. Modeling that again as several new products were launched and assets appreciated, we could see about $420 million or more. I’
avatarhinda
05-05
mstr up to moon. whats your thought guys . any one buying
$CleanSpark, Inc.(CLSK)$ One Thing Could Crash Bitcoin And Crypto In The Coming Months ---> Recent economic indicators from the United States have ignited concerns of stagflation, casting a shadow over the cryptocurrency market, especially Bitcoin. Prominent crypto trader ELJA has shed light on key developments, including disappointing GDP figures and a significant uptick in core inflation, pointing towards a challenging economic environment.US economic indicators signal stagflation, casting uncertainty over cryptocurrencies like Bitcoin.Stagflation could trigger a Bitcoin sell-off amid traditional market turbulence.FOMC meeting outcome may heavily influence traditional and crypto markets' direction.[Sad][Sad][Speechle
In April, #Bitcoin  experienced its worst monthly performance since November 2022. Bitcoin ended April 16% lower marking its biggest monthly decline since the collapse of FTX. Bitcoin is also below $60,000 for the first time since February, officially entering bear market territory. All while we have had 3 consecutive weeks of crypto funds outflows for the first time ever. However, Bitcoin is still up by more than 35% in 2024. Is #Crypto losing its momentum?
A reminder that Cathie Wood has a #Bitcoin  price target of $3.8M by 2030 🤔 "Last year we put out our bull case for Bitcoin. It was $1.5 million. With this institutional green light that the SEC has provided, kicking and screaming though it did, the analysis we’ve done is that if institutional investors were to allocate a little more than 5% of their portfolios to Bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you."
In April, MicroStrategy, $MSTR, acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC, per Michael Saylor. I think $MicroStrategy(MSTR)$ Is a good proxy for BTC and will move in sync with BTC price.  It is also possible to arbritrage it when the share price overshoots or underperforms the price movement of BTC