|Bid||90.90 x 900|
|Ask||91.42 x 800|
|Day's Range||83.31 - 92.47|
|52 Week Range||40.83 - 368.90|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||9.25|
|Earnings Date||Aug 09, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||107.00|
If you are bullish on the long-term prospects for the crypto market, then it's time to be bullish on Coinbase.
The crypto market is down in 2022, and it should be no surprise that Coinbase's (NASDAQ: COIN) results are suffering as a result. Coinbase reported second-quarter earnings after the market closed on Tuesday, and the numbers weren't good by any measure. Revenue fell 60% from a year ago to $803 million, and the company swung from net income of $1.6 billion to a net loss of $1.1 billion.
(Bloomberg) -- Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto-exchange at a valuation of as much as $3 billion, in what could be the industry’s largest takeover since a $2 trillion global crypto rout began.Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Trump Search’s Revelations Open New Political Front for MidtermsExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksEvery Wall Street Tr