Down 13% after hours. https://www.cnbc.com/2021/11/09/coinbase-coin-earnings-q3-2021.html Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday and missed analysts’ estimates on revenue. The stock sank more than 13% in extended trading. Earnings: $1.62 a share Revenue: $1.31 billion vs. $1.57 billion consensus estimate, according to Refinitiv On Monday, bitcoin hit a new all-time high of $68,000, and ethereum set a new record, topping $4,800.
Definitely, loading up more tomorrow. Entered around $310. They're crushing Q4 based on Bitcoin prices and banks have been pushing down their stock a bit since going public. They've only got a ~13x multiplier attached which is super low.
Why was eps so much lower than Q2?
Looks like it was sold by paper hands and now bought by 💎 🤚
Time to buy the dip?
Wait at least 2 days.