COIN earnings 8/3/23COIN earnings are on Tuesday, August 3rd, 2023, at 4:10pm. Coinbase Global Inc (COIN) reported Q1 March 2023 earnings of 0.15 per share on revenue of 772.5 million. The consensus estimate was a loss of $1.44 per share on revenue of 0.2 million. Revenue fell 33.8% compared to the same quarter a year ago. Today's pop was because a judge in the Southern District of New York ruled that XRP is "not necessarily a security on its face". I'm posting this as a short because of the setup entry point going into COIN earnings on 8/3/23. Technically, the time to go long has already happened more or less, until there's a significant pullback to a support level. With that said, COIN probably has momentum for a few more days, so I wouldn't go short immediately.
Q2 June 2023 Consensus:
EPS = -0.76
Revenue = 636M
PE = -8.43
100SMA = 63
200SMA = 69
COIN 1 day chart TTCATR 20VWMA levels:
R3 = 115
R2 = 106
R1 = 98
pivot = 91
S1 = 82
S2 = 74
S3 = 65
Options data:
7/21 expiry
Put Volume Total 86,815
Call Volume Total 123,681
Put/Call Volume Ratio 0.70
Put Open Interest Total 112,134
Call Open Interest Total 88,154
Put/Call Open Interest Ratio 1.27
8/18 expiry
Put Volume Total 28,581
Call Volume Total 26,454
Put/Call Volume Ratio 1.08
Put Open Interest Total 58,067
Call Open Interest Total 55,295
Put/Call Open Interest Ratio 1.05
9/15 expiry
Put Volume Total 9,965
Call Volume Total 14,061
Put/Call Volume Ratio 0.71
Put Open Interest Total 60,706
Call Open Interest Total 40,379
Put/Call Open Interest Ratio 1.50
