COIN - Coinbase Up 300% In A Year But Faces Bearish Technicals Ahead Of Q1 Earnings | Benzinga
Coinbase Global Inc (NASDAQ:COIN), will be reporting its first-quarter earnings on Thursday. Wall Street expects $1.00 in EPS and $1.34 billion in revenues as the company reports after market hours.
The stock has gained over 300% in the past year, riding with the crypto boom. The stock’s surge compares favorably to Bitcoin’s price, which rose by 103.13% over the past year. YTD, shares have returned 17.13%, lagging behind Bitcoin’s 30% stride.
Let’s look at what the charts indicate for Coinbase stock, and how the stock currently maps against Wall Street estimates.
Coinbase Stock’s Bearish Signals Ahead Of Q1 Earnings
Charts indicate that the current trend for Coinbase stock is relatively bearish.
Its share price at $203.40, is trading below key moving averages. The 5-day exponential moving average (EMA) at $213.25, the 20-day EMA ...