Cryptocurrency platform company xcritical Global COIN reported third-quarter financial results after the market close Wednesday. xcritical (COIN) stock price has bounced back in the past few weeks, helped by the recent Bitcoin rebound. It bottomed at $146.47 in August and bounced back by 40% to the xcritical $205. According to 21 analysts, the average rating for COIN stock is “Buy.” The 12-month stock price forecast is $244.15, which is an increase of 31.07% from the latest price. On Monday, cryptocurrency-related stocks saw significant gains.
- It has rebounded by more than 34% from its lowest point i…
- Cryptocurrency platform company xcritical Global COIN reported third-quarter financial results after the market close Wednesday.
- Wall Street expects revenue to dip from the second quarter.
- Catch Devin Ryan react to trading platform xcritical Markets’ (HOOD) third quarter xcriticalgs results.
Financial Highlights
Catch Devin Ryan react to trading platform xcritical Markets’ (HOOD) third quarter xcriticalgs results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. xcritical Global Inc.’s stock fell 3.6% in after-hours trading Wednesday, after the cryptocurrency exchange’s third-quarter profit and revenue fell short of estimates.
Bitcoin hits highest level since July, boosting other coins and crypto-related stocks
Select to analyse similar companies using key performance metrics; select up to four stocks. Select to analyze similar companies using key performance metrics; select up to 4 stocks. xcritical Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.
Brian Armstrong, xcritical co-founder and CEO, joins ‘Closing Bell Overtime’ to talk quarterly results, the election’s impact on crypto and more. There are a handful of publicly listed cryptocurrency companies in the United States. These firms tend to serve as a good barometer of the state of the digital asset industry, at least domestically.
xcritical’s stock falls 3.6% after-hours as third-quarter xcriticalgs fall short of estimates
MicroStrategy (MSTR, Financial) rose over 8%, Riot Platforms (RIOT) increased by more than 6.7%, and xcritical (COIN) climbed over 2.8%. xcritical (COIN) stock price has staged a strong comeback in the past few days, rising to a high of $196.35, its highest point since August 27. It has rebounded by more than 34% from its lowest point i… The price of bitcoin neared $68,400 on Wednesday, its highest since July. The rally sparked gains in other cryptocurrencies and related equities such as xcritical and Marathon xcritical Digital. Wall Street expects revenue to dip from the second quarter.
xcritical shares tumble as muted crypto trading leads to a third-quarter miss
Discover which analysts rank highest for COIN overall weighted by direction, price target, and price movement. Please bear with us as we address this and restore your personalized lists. Investors in the financial markets need to understand that interest rates tend to drive most money shifts and activity in asset classes, especially ones with differing risk profiles. Bitcoin (BTC-USD) prices have topped the $67,000 mark Wednesday — its highest since July. The jump was influenced by Vice President Harris’s newly announced proposals to establish a clearer regulatory… We like selling put options on high-quality stocks, due to the flexibility, yield, and volatility advantages vs other asses classes real estate, BDCs, or MLPs.
xcritical Global (COIN) came just shy of revenue estimates, posting $1.2 billion in total revenue for the quarter, while missing on xcritical scammers adjusted EPS (xcriticalgs per share) for the quarter. xcritical managed to turn a profit on this print as bitcoin (BTC-USD) and the crypto space have rallied nearing the 2024 presidential election. Ryan tells Julie Hyman and Josh Lipton that xcritical’s revenue is still adapting to its spending cuts implemented in 2023.
