CONX Company Profile and Key Details

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) closed at $6.47 USD, gaining $0.20 (3.16%) from the previous close of $6.27. The stock is currently mid-range between its 52-week high and low $4.34 and $28.34. With a market capitalization of about $4.46 million, Direxion Daily COIN Bull 2X ETF is classified as a micro-cap and shows higher-than-market volatility (beta ~2.23). Key stats such as the average daily volume over the past year has been around 137.46 thousand shares, volume is running light vs its 52-week average. Headquartered in New York City, NY, Direxion Daily COIN Bull 2X ETF operates in the Financial Services sector and the Asset Management - Leveraged industry. The Direxion Daily COIN Bull 2X ETF is designed to achieve daily investment results that correspond to double (200%) the performance of Coinbase Global, Inc.'s common shares (NASDAQ: COIN), prior to the deduction of its fees and expenses.

Short-term trend indicators are bullishly aligned (SMA20 7.56%, SMA50 -35.98%, SMA200 -44.8%). The stock’s 14-day RSI is 44.19 (neutral), while the ATR of 1.37 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -65.38% below its high and over 60.56% above its low. Average 10-day trading volume of 121.20 thousand shares is in line with the 3-month average of 121.91 thousand, indicating normal recent market interest.

Direxion Daily COIN Bull 2X ETF has 2.12 million shares outstanding. The public float is 2.09 million shares, elevated short interest at 1.73% of float. This equals 10.19 thousand shares. The short ratio is 2.78 days. ERGEN CHARLES W holds 18.75 million shares, Jericho Capital Asset Management L.P. has 0.00 shares and MOORE CAPITAL MANAGEMENT, LP has 0.00 shares.

Direxion Daily COIN Bull 2X ETF last paid a dividend of 0.17 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $5.96. This means the shares are trading above this model’s fair value.

Our AI price prediction model suggests that Direxion Daily COIN Bull 2X ETF stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 218.24%, with price expected at $20.59 by December 05, 2025, within a range of $16.96 to $24.00 3-Month Outlook: Projected rise of 37.87%, reaching $8.92 by August 15, 2024, with a range of $8.74 to $9.13. 1-Year Outlook: Projected gain of 225.19%, with price at $21.04 by May 16, 2025, within a range of $20.64 to $21.53.

currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Direxion Daily COIN Bull 2X ETF trading at a premium to the broader market with a P/E of 1.79. Our AI forecast model points to short-term strength (218.24% over two weeks), a medium-term rise (37.87% over three months), and a longer-term gain (225.19% over one year), with expected trading ranges indicating moderate volatility.

Direxion Daily COIN Bull 2X ETF trades at a P/E ratio of 1.79, slightly below the S&P 500 average, with a price-to-sales ratio of 2.03 and a price-to-book ratio of 2.21 suggesting the stock is closer to book value. The P/FCF stands at 1.64, also above market averages.