• H. C. Winlight analysts rate Coinbase as' buy '.
• Mike Kolonkovich elaborated on his open-minded views in a survey report.
• The Coinbase stock has fallen by about 35% in just over a month.

H. C. Wainwright analyst Mike Colonnese stated that the 35% decline in Coinbase Global Inc's stock price over the past month was "somewhat excessive" and quickly recovered.

35% return on purchasing Coinbase stocks

On Wednesday, Colonis suggested that investors choose to buy stocks from one of the world's second largest and relatively good cryptocurrency trading centers, as its price has risen to $75, a 35% equity premium compared to the current price.

This analyst is interested in Coinbase's stock for a simple reason, as the current yield is higher than the risk.

Coinbase, with its trusted well-known brand, easy to provide products, and high attention to compliance regulation, is uniquely positioned to benefit from the continuous growth of the large and medium-sized data encryption economy.

Colonese wrote that Coinbase has business processes in 100 countries and currently provides assistance to approximately 8.3 million active users per day. Its business scale is sufficient to expand its market share this year.

Why is he interested in Coinbase stocks?

Coinbase plans to release its first quarter sales results next week. It is widely believed that the company lost $1.36 per share in the quarter, compared to $1.98 a year ago.

The H.C. Wainwright analyst believes that the winter of cryptocurrencies has ended, and the subsequent increase in buying and selling volume will become a metal catalyst for business efficiency. Its investigation report adds:

COIN is a rare asset and the only locally listed cryptocurrency company in the United States with a total market value exceeding $10 billion, which means competition among investors' assets is extremely limited.

Earlier this week, Coinbase waited for several months to respond to its July 2022 request for help before suing the US Securities and Exchange Commission. Colonese concluded that in the future, regulatory specificity will also help promote the rise of Coinbase stocks.