Coinbase's stock rose 3.2%, but earnings missed estimates, highlighting the company's volatility.

Coinbase's stock price fluctuated, rising 3.2% to $307.29 on January 22nd, with analysts providing mixed outlooks. Despite a 78.8% increase in quarterly revenue to $1.21 billion, the company's earnings per share missed analyst estimates. Insiders have sold a significant amount of shares recently, and the stock's performance is closely tied to Bitcoin's value, making it volatile. Institutional ownership stands at 68.84%.

2 months ago
4 Articles

Further Reading