Coinbase Stock Hits 52-Week Low After Q2 Revenue Miss

Coinbase Global, Inc. stock fell sharply on July 31 after missing Q2 revenue expectations, hitting a 52-week low of $139.15 before recovering slightly.

The company reported Q2 revenue of $1.22 billion, below Wall Street estimates, which weighed on trading volumes and profitability.

Despite the disappointing earnings, Coinbase recorded its 14th consecutive quarter of positive EBITDA, demonstrating operational resilience.

The daily chart shows a bearish alignment, with price below all three key moving averages, while momentum indicators signal further weakness.