Added to YB: 2024-05-02
Pitch date: 2024-05-01
COIN [bearish]
Coinbase Global, Inc.
+23.56%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
Company Info
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
Market Cap
$54.7B
Pitch Price
$216.48
Price Target
N/A
Dividend
N/A
EV/EBITDA
52.10
P/E
72.52
EV/Sales
8.31
Sector
Capital Markets
Category
value
Coinbase's Growing Headwinds: An Appealing Short Opportunity
COIN short: ETFs cannibalize biz w/ lower fees vs 0.8%+ on CB. DEXs 20x cheaper, more fun. Paxos, Bakkt, IBIT, FBTC attack inst. margins. Bulls - why long as ETFs & comps gut revs?
Read full article (1 min)