5 Best All-Time Low Stocks To Buy Now

4. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 28

Problems for the crypto company Coinbase are far from over. Coinbase Global, Inc. (NASDAQ:COIN) has lost over 80% over the past 12 months. Coinbase Global, Inc. (NASDAQ:COIN) touched its all-time low in December. Recently, Coinbase Global, Inc. (NASDAQ:COIN) announced to slash about 20% of its workforce as it plans to cut costs and initiate massive restructuring. Coinbase Global, Inc. (NASDAQ:COIN)’s management said that the layoffs and new restructuring measures are expected to cut the company’s expenses by 25% for the quarter ending in March.

Coinbase Global, Inc. (NASDAQ:COIN) could be the biggest beneficiary of a possible turnaround in the crypto market when recession fears recede. Latest data shows that option traders are initiating bullish bets on the company as they believe Coinbase Global, Inc. (NASDAQ:COIN) could post gains if the crypto market recovers. According to CNBC, Optimize Advisors’ Mike Khouw said the cryptocurrency exchange platform traded at 1.6x average daily volume on Monday. Buyers purchased 10,000 of the Jan. 13 weekly 40-calls at an average price of $1.15 per contract.